This is because this tool can monitor and assess the progress of the project in real-time.
The 25 Best (& Free) Project Management Software of 2022ĬPM is an essential tool that is thoroughly used by project managers. Why? Because eventually, it will cause a delay in the overall timeline. This is the time that is allowed for the task to be delayed but not more than that. Those are the end dates.Īnother important element in the Network Diagram is the Slack time.
This same logic goes for the latter two of the four dates mentioned above. The second date in those or Late Start is the date on which the task absolutely has to start if it hasn’t already. The first date in these two is Early Start which is the earliest date on which the task can be started. If the project manager wants to calculate the total duration of a specific project, they need to define a total of four dates for each specific task. The last but not the least assumption is that Network Diagrams have no choice but to start with a single event and end with a single event because there is no place for dual start and endpoints. What that means is that the direction of the arrow is displaying the unique sequence that needs to be followed for the proper execution of activities.
The second assumption that has to be made is that all the arrows used in the Network diagram indicate a logical priority. The first assumption to be dreamt up is that all pending or ongoing activities have been completed before starting new ones.
In the process of forming the Network Diagram, there are always some assumptions to be made. By using these arrows you can also show interdependencies between different activities of a project. These diagrams are one of the most important tools in project management that can be used in the process of project planning.Īlso known as an “Arrow” diagram, because the diagram consists of different arrows that can be used to connect different activities and also to display precedence. They are used when they need to plan or schedule their tasks for their projects, identify the critical paths, monitor the progress and all of the other important tasks that are needed for a seamless project cycle. In this piece, we will learn about the most important tools that managers have in their arsenal. It is a complex amalgam of a wide variety of concepts that cover strategy to people management, IT communications to number crunching. What are the tools in Project Management that are used for effective Project Planning?Īs we know that Project Management is not a simple science.