Article ID: | iaor19951847 |
Country: | United Kingdom |
Volume: | 46 |
Issue: | 1 |
Start Page Number: | 80 |
End Page Number: | 91 |
Publication Date: | Jan 1995 |
Journal: | Journal of the Operational Research Society |
Authors: | Bowers J.A. |
Keywords: | project management |
Project managers readily adopted the concept of the critical path as an aid to identifying those activities most worthy of their attention and possible action. However, current project management packages do not offer a useful measure of criticality in resource constrained projects. A revised method of calculating resource constrained float is presented, together with a discussion of its use in project management. While resource constrained criticality appears to be a practical and useful tool in the analysis of project networks, care is needed in its interpretation as any calculation of such float is conditional on the particular resource allocation employed. A number of other measures of an activity’s importance in a network are described and compared in an application to an aircraft development. A quantitative comparison of the measures is developed based on a simulation of the process of management identifying the key activities and directing their control efforts. Resource constrained float appears to be a useful single measure of an activity’s importance, encapsulating several useful pieces of management information. However, there are some circumstances in which other measures might be preferred.