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BUSM4613 Project Management Techniques
a) How have you optimised the time and the resources
b) What is the duration and cost of the whole project and what is critical path and what are the critical activities?
c) What are the resources required and their numbers for this project according to your plan?
For time and resource optimization, the current utilization of resources was first explored through calculations of total available force, effective force, and ideal force, based on which effective workforce ratio and ideal force ratio was calculated.
The figure above shows the existing timelines and durations of the project schedule and based on the same calculations were made and scope for optimization was identified. One key method of resource optimization is resource levelling which involves critical path analysis, fast tracking of the processes, and project crashing (Alcabes, 2000). Read More.
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