Minimizing the Pessimistic Time of Activity in Overhaul Project

The objective of this paper is to analyse some concepts of the project management techniques and the proposed mathematical model for estimating the project completion probability after crashing of PERT/CPM network. The main objective is to minimize the pessimistic time of the activity, which lies on...

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Main Authors: Josip Jukić, Roberto Lujić, Dražen Barković
Format: Article
Language:English
Published: Faculty of Mechanical Engineering in Slavonski Brod, Faculty of Electrical Engineering in Osijek, Faculty of Civil Engineering in Osijek 2019-01-01
Series:Tehnički Vjesnik
Subjects:
Online Access:https://hrcak.srce.hr/file/320423
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author Josip Jukić
Roberto Lujić
Dražen Barković
author_facet Josip Jukić
Roberto Lujić
Dražen Barković
author_sort Josip Jukić
collection DOAJ
description The objective of this paper is to analyse some concepts of the project management techniques and the proposed mathematical model for estimating the project completion probability after crashing of PERT/CPM network. The main objective is to minimize the pessimistic time of the activity, which lies on the critical path by investing additional amounts of money to the project. The increment of the investment not only decreases the pessimistic time of the activities along the critical path, but it also decreases the expected time of activities along the critical path of the whole project duration.
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spelling doaj.art-ab36f94a63dd41e69cee1d7262ea7a1c2024-04-15T15:30:32ZengFaculty of Mechanical Engineering in Slavonski Brod, Faculty of Electrical Engineering in Osijek, Faculty of Civil Engineering in OsijekTehnički Vjesnik1330-36511848-63392019-01-0126239139710.17559/TV-20180410114808Minimizing the Pessimistic Time of Activity in Overhaul ProjectJosip Jukić0Roberto Lujić1Dražen Barković2College of Slavonski Brod, Dr. Mile Budaka 1, 35000 Slavonski Brod, CroatiaJosip Juraj Strossmayer University of Osijek, Mechanical Engineering Faculty in Slavonski Brod, Trg Ivane Brlić Mažuranić 2, 35000 Slavonski Brod, CroatiaJosip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek, Trg Ljudevita Gaja 7, 31000 Osijek, CroatiaThe objective of this paper is to analyse some concepts of the project management techniques and the proposed mathematical model for estimating the project completion probability after crashing of PERT/CPM network. The main objective is to minimize the pessimistic time of the activity, which lies on the critical path by investing additional amounts of money to the project. The increment of the investment not only decreases the pessimistic time of the activities along the critical path, but it also decreases the expected time of activities along the critical path of the whole project duration.https://hrcak.srce.hr/file/320423CPMcrashing timePERTproject management
spellingShingle Josip Jukić
Roberto Lujić
Dražen Barković
Minimizing the Pessimistic Time of Activity in Overhaul Project
Tehnički Vjesnik
CPM
crashing time
PERT
project management
title Minimizing the Pessimistic Time of Activity in Overhaul Project
title_full Minimizing the Pessimistic Time of Activity in Overhaul Project
title_fullStr Minimizing the Pessimistic Time of Activity in Overhaul Project
title_full_unstemmed Minimizing the Pessimistic Time of Activity in Overhaul Project
title_short Minimizing the Pessimistic Time of Activity in Overhaul Project
title_sort minimizing the pessimistic time of activity in overhaul project
topic CPM
crashing time
PERT
project management
url https://hrcak.srce.hr/file/320423
work_keys_str_mv AT josipjukic minimizingthepessimistictimeofactivityinoverhaulproject
AT robertolujic minimizingthepessimistictimeofactivityinoverhaulproject
AT drazenbarkovic minimizingthepessimistictimeofactivityinoverhaulproject