How Do Project Managers Evaluate and Plan for R& D Project
4 Pages Posted: 3 Mar 2020
Date Written: 2018
Abstract
Various types of projects, including software development research project, product development, construction, engineering, plant maintenance and others can apply this critical path method (method of scheduling).In order to solve the hurdles one faces while calculating critical path cannot denied. In order to resolve the issue there exist a unique set of coordinated scientific activities with start and end point reach specific performance objective within the defined time limit of research & development project. Often research & development projects, in such enterprises desired attention is not rendered on actual research management neither during its execution nor its commencement. As a consequence the duration goes beyond the time limit which in turn burdens the assign budget, shortage of resource and time. The usefulness of the application of CPM can’t be denied. Some of the major uses are identifying the dynamic activities that can be executed simultaneously & prioritize the different levels of performance to be done within a certain time limit. The case study describes research & development project for research students. Nonetheless, the outcome of the application to the assignments displays expected project duration is fourteen (14) weeks as per the schedule of 24 week, indicating a reduction of around41.67%.
Keywords: Project Management, Critical Path Analysis, CPM Scheduling
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