Managing Failure In The Critical Path Coursework Example

Managing Failure in the Critical Path Name Institutional Affiliation Managing Failure in the Critical Path It is the wish of every project manager that the steps of the work breakdown structure and the defined critical path follow the project plan. Notably, project success is evaluated based on the time and cost it incurs. When the project is delivered on time and within the stipulated budget, then it is likely to be remembered as one that gave back value to the investors and the stakeholders. Ideally, the key practices of project management such as adequate planning, the management of scope creeps, watching of the milestones and conducting regular audits all have significant effects on the project. The work breakdown structure also provides appropriate tools, which can be used to conduct the evaluation of project success (Şandru, & Olaru, 2013). Thus, careful investing in the appropriate tools to help manage a project will provide feasible mechanisms to realize its success Work Breakdown Structure vs. Network and their Roles The work breakdown structure provides a framework upon which projects can be reduced to specific task levels and subtasks. The work breakdown structure ensures that the project manager can effectively assign subtasks within each task and change their numbers if the priorities of the task do not change. Conversely, the schedule network diagram helps the manager to identify the dependencies between the existing tasks and thus the flow and sequences of the project. The two tools are instrumental in supporting each other to ensure the completion of projects. Using the Work Breakdown structure, which aids managers in the identification of the tasks and the deliverables of a project. It represents the structure that helps in ranking project priorities and provides relevant guidance to all its stakeholders on what is expected of them in as the project progresses (Snyder, 2015). When well analyzed, the project network reveals dependenc...