Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
60 views15 pages

Project Simulation, Project Monitoring & Control: Rohit Kapoor

1) The document describes a project simulation approach to project monitoring and control. It involves identifying all network paths, establishing probability distributions for activities, and using random numbers to simulate activity durations. 2) The document shows an example project network and time-scaled networks using early and late start scheduling. It also discusses monitoring indicators like performance, time, and cost. 3) An example is given to review project progress after 3 months, calculating time and cost overruns, the cost performance and schedule performance indices.

Uploaded by

Love Jain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
60 views15 pages

Project Simulation, Project Monitoring & Control: Rohit Kapoor

1) The document describes a project simulation approach to project monitoring and control. It involves identifying all network paths, establishing probability distributions for activities, and using random numbers to simulate activity durations. 2) The document shows an example project network and time-scaled networks using early and late start scheduling. It also discusses monitoring indicators like performance, time, and cost. 3) An example is given to review project progress after 3 months, calculating time and cost overruns, the cost performance and schedule performance indices.

Uploaded by

Love Jain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 15

Project Simulation, Project

Monitoring & Control


Rohit Kapoor
A Project Simulation
Example
Activit Preceed Completion
y Activity ing Times (in
Symbol Description Activity Weeks)
A Site Excavation - 2
B Foundations A 3
Underground
C Utilities A 7
Plumbing: Stage
D 1 B 4
E Framing B 5
F Roofing E 3
G Electrical Work F 3
H Inferior Walls D, G 4
Plumbing: Stage
I 2 H 2
Exterior
J Finishing F 6
K Landscaping C, I, J 2
Simulation Approach
Step 1: Identify all paths through the
network
Four paths?
Simulation Approach
Contd.
Step 2: Establish probability
distribution for all project activities
Activity A 7 9 10 11 14 Activity G 12 14 15 16 18
Probabilit Probabilit
y 0.1 0.2 0.3 0.3 0.1 y 0.1 0.2 0.4 0.2 0.1

Activity B 10 15 20 Activity H 15 18 20 22 24
Probabilit Probabilit
y 0.3 0.4 0.3 y 0.2 0.1 0.4 0.1 0.2

Activity C 30 33 35 38 42 Activity I 7 10 12
Probabilit Probabilit
y 0.1 0.2 0.3 0.3 0.1 y 0.2 0.6 0.2

Activity D 16 18 20 22 25 Activity J 27 30 33 36
Probabilit Probabilit
y 0.2 0.1 0.3 0.2 0.2 y 0.1 0.4 0.3 0.2
Simulation Approach
Contd.
Use Excel Function rand() to
generate activity times
Project Monitoring &
Control
Rohit kapoor
Result from WBS
Activities, Time, Cost & Labor
Requirements
A Network

2, 60 5

3, 75
2

2, 40
4, 60 5, 50
6

4 1, 40
1

4, 80
2, 50 8

5, 100

3, 60
3 7
Time Scaled Network
(Early Start)

Time 1 2 3 4 5 6 7 8 9 10 11 12 Months

30 25
5

20 15 10 40
1 2 4 6 8
20

25 20 20
3 7

Cost 45 45 85 85 80 80 55 30 30 30 10 40 K Rs./Month
Cum. Cost 45 90 175 260 340 420 475 505 535 565 575 615 K Rs.
Time Scaled Network
(Late Start)

Time 1 2 3 4 5 6 7 8 9 10 11 12 Months

30
25
5

20 15 10 40
1 2 4 6 8
20

25 20 20
3 7

Cost 20 20 40 40 35 35 60 80 75 75 75 60 K Rs./Month
Cum. Cost 20 40 80 120 155 190 250 330 405 480 555 615 K Rs.
Monitoring
Indicators of project progress
Performance
Time
Cost
There has to be a common reference
for
A-B-C Curves

Budgeted cost schedule Curve A


Actual cost incurred till date Curve B
Value of work completed till date
Curve C
Cost Overrun
Time Overrun
Example
Reviewing the project at the end of
the 3rd month
Budgeted cost = 175
Actual money spend = 150
Value of work completed = 65
Work - Package (1, 2) completed = 40
Work - Package (2, 4) & (2, 5) not started =
0
Work - Package (1, 3) is 50% completed =
25
Analysis
Time overrun = (3 1.44) = 1.55
months behind
Cost overrun = (150 65)/65 =
130.76% increase
CPI = 65/150 = 0.433
SPI = 65/175 = 0.37

You might also like