Gap Analysis can be simply defined as “The process through which a project manager or senior management of a company compares its actual performance to its expected performance to determine whether company is meeting expectations and using its resources (human & financial) effectively. It basically answers the questions "where is a company? It shows the company Current state and "where do company want to be?
Critical Path Analysis can be defined as a project management technique that lays out all the activities needed to complete a particular task, the time which each activity will take to complete and the relationships between the activities. It help a company to predict whether a project can be completed on time, and can be also used to reorganize the a project before starting it as well as during progresses, to keep the project's completion on track and ensure that deliverables are ready on time.
Many people often feel uncomfortable while facing the change, this usually leads them to resist and oppose change. So this is very important for the management of the company or for a project manager to understand how different employee are feeling as change proceeds, only by understanding this management or manager can guide them through it and so that – in the end – they can accept it and support it.
Imagine that a person is going on a long car trip to an unfamiliar destination without a navigation system or map? Person will pretty sure he have to make some turns here and there, but he have no idea when or where, or how long it will take to reach on the desired destination. He may arrive at destination eventually, but he will have the risk of getting lost, and feeling disappointed, along the way.
A Gantt chart is a type of bar chart which is developed by Henry Gantt in the 1910s, and this chart illustrates a project schedule. Henry Gantt was a engineer and management consultant, he actually designed this chart to help manufacturing supervisors see whether their work was on, ahead of, or behind pre-defined schedule, and it formed the foundation of the Gantt chart tool which many company we use today.
Uncertainties either leads to threat or opportunity, this is one of project management’s core concept. If a company cannot manage risk it can ultimately lead to failure in delivery of desired objectives and may be a delay in project delivery, or complete failure to delivery, benefit realization. Every business project has potential risks that might cause things to go horribly wrong.
Project Management Success is mainly depends on balancing the core project components of a project which are Scope, Cost and Time. These three core components or constraints are often referred to the “Project Scope Triangle” or the “Project Quality Triangle”. For a project manger it is very important to consider all these three components, and project manager also must know how to manage these components to successfully accomplish a project.
Resource planning is essentially an effort to match the resource demands of a project with the availability. The leveling process is actually a form of resource scheduling, as such, it is related to timing of the project. Activities are shifted within their earliest/latest range to note changes in demand. The technique follows this sequence: