Network analysis entails a group of techniques for presenting information relating to time and resources so as to assist in the planning, scheduling, and controlling of projects. Grover introductionpurpose the purpose of this brief tutorial is to present an overview of several graphical project planning techniques and provide a cookbook approach to creating these charts for a. The role of quantitative techniques in business and management. Quantitative time management methods in project management. These techniques evaluate planning factors and alternative as and when they arise rather than prescribe courses of action. Study 43 chapter 6 quantitative techniques for planning and decision making flashcards from tenika h. More often than not such plans must take into account the interdependence of the efforts of a variety of people and organizations and the tradeoffs that inevitably must be made between the projects time requirement, cost, and performance. Quantitative and qualitative methods in impact evaluation.
An overview of gantt, pert, and cpm charts prepared for groups in ece480 1602, d. Additional attention was drawn to the issue recently by a. Quantitative techniques do not take into consideration intangible facts like skill, attitude etc. Maggard is a faculty member in the graduate school of business at the university of texas. Quantitative techniques for management lesson 2 measures of central tendency contents 2. Techniques of network analysis for managers public managers periodically plan relatively complex projects.
The goal of quantitative methods is to determine whether the predictive generalizations of a theory hold true. Pertcpm project scheduling with known activity times as in exercises 1, 2, 3 and 5 in the handout and considering timecost tradeoffs as in exercises 4 and 6 in the handout this is critical path method. Section 3 provides a description of analytical tools and techniques. There are a number of quantitative tools that managers can use to enhance the efficiency and effectiveness of planning. A project is a temporary endeavour undertaken to create a unique product or service. As such, quantitative techniques may be defined as those techniques which provide the decision.
Introduction to quantitative methods harvard law school. Understand what goes into each step of the planning process. Sections 5 through 8 explain the use of ratios and other analytical data in equity. Similar to operations management, project management employs an array of quantitative techniques while performing planning, scheduling, forecasting, and. Click kere to download cpspk quantitative techniques notes pl2. Chapter 6 quantitative techniques for planning and. Network analysis is the general name given to certain specific techniques which can be used for the planning, management and control of projects. With quantitative techniques the order of questions asked does not matter, design and results are subject to statistical assumptions and they seek to confirm hypotheses rather than explore. Qualitative techniques used in planning authorstream.
Pertcpm technique is based on a network diagram and network planning can help manager. Learnt the time estimation and critical path for project. Quantitative and qualitative techniques applied to strategic planning quantitative and qualitative paradigms make different contributions to strategic planning. Descriptive statistics are performed by analyzing one variable at a time univariate analysis. Realism, subjectivism and the paradigm wars now we have defined quantitative research, it is a good idea to compare it with qualitative research, to which it is usually put in opposition. One definition of a project from the project management institute is. Pdf integrating qualitative and quantitative techniques in. Project scheduling with uncertain activity times as in exercises 7, 8 and 9 in the handout. Examples are public transportation network planning in a city having its own layout of factories, residential blocks or finding. The motivation for taking advantage of their structure usually has been the need to solve larger problems than otherwise would be possible to solve with. This may be accomplished by tabulating all failure modes and listing the effects of each, e. M m m m m n am, s 1 three our intent is to walk the. Quantitative methods the quantitative methods programme is written by david targett, professor of information systems at the school of management, university of bath and formerly senior lecturer in decision sciences at the london business school.
Cope with the emerging trends and issues in quantitative techniques. The successful use of quantitative technique for management could help organizations in solving complex problems on time, with greater accuracy and in the most economical way. Various budgeting techniques can be used depending on the project 31 while topdown estimation is a quick way to establish a baseline for the project, it is rarely sufficient. Use quantitative techniques in business management. Tools and techniques used for the sequence activity process are pmp, 2012. Quantitative and qualitative methods in impact evaluation and measuring results 1 1 introduction there has been a renewed interest in impact evaluation1 in recent years amongst development agencies and donors. Pdf quantitative techniques in business ijrms journal. The or starts when mathematical and quantitative techniques are used to substantiate the decision being. Here we will discuss the approaches of quantitative techniques.
Here we provide the study materials for the students who are searching for mba study materials notes on quantitative techniques. Pdf using selected networks methods in quantitative risk analysis. Network analysis methods is a group of special analytical methods that are used in case where it is necessary to analyze and optimize a network of inteconnected and related elements that have some connection between one another. Mba quantitative techniques notes pdf download 1st sem. A guide to network analysis by michael c glen introduction the core technique available to project managers for planning and controlling their projects is network analysis. Taylor manpower planning models and techniques a descriptive survey don r.
Network planning and design originally by richard van slyke, polytechnic university. Project plan the project plan pc1 is a document which outlines the objectives of the project, presents justification of the project, identifies the resources or inputs of a project and figures out a scheme for implementing the project. Analysis techniques december 30, 2000 9 4 one failure mode, each mode must be analyzed for its effect on the assembly and then on the subsystem. For large business a single wrong decision very painful but may also have ramifications. Hence, the application of network analysis is useful to facilitate planning and. This work examined transportation model of quantitative techniques for. Since all project activities are shown in sequence with relevant interrelationships, the network diagram of a project will help the project manager and team during planning and organizing. Human resources forecasting is critical for managing a fluid business environment and for supporting strategic business plans.
Therefore, these quantitative techniques evaluate planning. Therefore, due care must be ensured while using quantitative techniques, otherwise it will lead to wrong conclusions. Network models 8 there are several kinds of linearprogramming models that exhibit a special structure that can be exploited in the construction of ef. It is a technique of planning, scheduling, controlling, monitoring and coordinating large. You as the student at the end of the lesson, should be able to. Quantitative research is an inquiry into an identified problem, based on testing a theory, measured with numbers, and analyzed using statistical techniques. Pdf the paper is aimed to discuss the selected network methods, which are. Network is a technique used for planning and scheduling of large projects in the fields of construction, maintenance, fabrication, purchasing, computer system. Chapter 6 quantitative techniques for planning and decision making. In planning, the most commonly used techniques are gantt charts the cpm pert project plan. We can work on quantitative techniques for planning and.
Describe the steps involved in the hr planning process as discussed in class. On successful completion of the course the students should have. This short guide will provide a basic understanding of networking principles before. Network diagram will be useful during project execution as well since it is a snapshot of the. While quantitative research is based on numerical data analysed statistically, qual. We look first in section i at the larger issues of how the organizational strategy, culture and policies affect planning and designing data communication systems. Pdf purpose this article introduces a method for assessing network dynamics over time. These techniques are most commonly used in the rationallogical decision model, but they can apply in any of the other models as well. Planning is a general term that sets a clear road map that should be followed to reach a destination. Therefore, planners must be comfortable summarizing, analyzing, and presenting quantitative data, and be comfortable developing logical empirically based arguments using statistical techniques and. Precedence diagramming method pdm is used in the critical path methodology cpm for constructing the project schedule network diagram. Network analysis refers to use of network techniques for solving large, complex problems comprising of many interrelated activities to be performed in a particular order.
Quantitative techniques are very powerful medium through which we solve uncertainty in decision making and enhance projectability and efficiency in the business. Effective planning of projects requires careful thought and the application of logic. The answers from the questions above must be written in apa format in an attached document cover page, answers of the questions, and references. While getting the right people in the right places at the right time can be a challenge for any size business, time and budget constraints can make hr. Air force, is chief of contract administration in procurement at hamilton air force base, california. Pertcpm network components in quantitative techniques for management pertcpm network components in quantitative techniques for management courses with reference manuals and examples pdf.
In this article we deal with planning and design of data communication systems. A systematic approach to decision making is complex because todays business and environment in which it is functioning are for more complex than in the past. An ordinal variable has qualitative categories that are ordered in terms of degree or magnitude. Quantitative methods in construction management and design pp 1537. Understood the basic of the quantitative techniques. The techniques for network analysis presented here derive from ap.
An introduction to quantitative methods for decision. Students can download the study materials in the pdf format which can be helps. Employing quantitative and qualitative techniques interdependently, and in balance, can mean the difference between a true strategy or strategy that seems right. Discuss the reasons for formal human resource planning. Quantitative techniques help a manager improve the overall quality of decision making. The quantitative techniques are essentially helpful supplement to judgement and intuition. Network analysis methods is a group of special analytical methods see analytical techniques that are used in cases. Cpsp quantitative techniques kasneb cpa atd cs ccp. In this research were used the methods qualitative and quantitative.
The important quantitative tools and techniques for planning are as follows. In short, quantitative techniques are inevitable in decisionmaking. Quantitative techniques an instructional manual, 3rd ed. For example in metro construction, bridge construction, etc. The critical path method cpm is one of several related techniques for doing project planning. The quantitative technique is a scientific approach to managerial decision making. Section 4 explains how to compute, analyze, and interpret common financial ratios. Learnt the feasible solution and optimum solution for the resource management. Pertcpm network components in quantitative techniques. The institute of chartered accountants of nigeria ican was established by act of parliament no.
Network diagrams aid in planning, organizing and controlling. All of these variables have qualitative categories that cannot be or dered in terms of magnitude or degree. Basic quantitative techniques absbangalore quantitative techniques rvmreddy abs july 14, 2010. Among the most common techniques are decision trees, payback analysis, and simulations. All researchers perform these descriptive statistics before beginning any.