Project Scheduling Article Critique

Pages: 3 (889 words)  ·  Bibliography Sources: 2  ·  File: .docx  ·  Level: Master's  ·  Topic: Business - Management

¶ … Project Scheduling - Improved Approach to Incorporate Uncertainty Using Bayesian Networks" by V. Khodakarami, N. Fenton and M. Neil's (2007)

Although all projects are unique in some fashion, they all share the common management constraints of uncertainty. This paper provides a summary and critique of Khodakarami, Fenton and Neil's (2007) study, "Project Scheduling- Improved Approach to Incorporate Uncertainty Using Bayesian Network," followed by an analysis concerning how the article relates to the concepts of project integration management, project scope management and project time management. Finally, a summary of the research and important findings concerning Khodakarami et al.'s project scheduling study are provided in the conclusion.

Summary and Critique

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A fundamental characteristic of successful risk management is the ability to effectively manage uncertainty. Indeed, uncertainty resulting from a lack of comparable experience in the past (a major source of uncertainty), the need to trade off between performance measures and a dearth of accurate information can all cause problems in project scheduling (Khodakarami et al., 2007). The Khodakarami et al. study examines how the widely used scheduling technique, critical path method, can be incorporated into Bayesian networks to provide project managers with improved uncertainty management capabilities by providing quantifiable measures of the different aspect of uncertainty. The integration of the critical path method is noteworthy because this method has been shown to provide improved decision information for project planning as well as generating information that is valuable for project management purposes as well (Lauren, 2008).

TOPIC: Article Critique on Project Scheduling Assignment

In their study, Khodakarami et al. report that risk management is a key area of project management as described by the Guide to the Project Management Body of Knowledge, 2000 edition ("PMBOK Guide") and a central issue involved in risk management is the ability to handle uncertainty. According to Khodakarami et al., "Current project risk management processes induce a restricted focus on managing project uncertainty because the term 'risk' has become associated with 'events' rather than the more general sources of significant uncertainty" (p. 39). Although the critical path method is among the most widely used project management tools, it does not take uncertainty into account, a gap that is filled by Khodakarami et al.'s integration of Bayesian networks. According to these researchers, "The most well established approach to handling uncertainty in these circumstances is the Bayesian approach. Where complex causal relationships are involved, the Bayesian approach is extended by using Bayesian networks. The challenge is to incorporate the critical path method into Bayesian networks" (Khodakarami et al., p. 40).

To their credit, the authors preface their discussion of Bayesian networks with a concise description of the critical path methodology and notation that helps readers understand the need for… [END OF PREVIEW] . . . READ MORE

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Project Scheduling.  (2013, April 8).  Retrieved September 18, 2021, from https://www.essaytown.com/subjects/paper/project-scheduling/5284669

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"Project Scheduling."  8 April 2013.  Web.  18 September 2021. <https://www.essaytown.com/subjects/paper/project-scheduling/5284669>.

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"Project Scheduling."  Essaytown.com.  April 8, 2013.  Accessed September 18, 2021.
https://www.essaytown.com/subjects/paper/project-scheduling/5284669.