The application of project scheduling techniques in a real-life environment
Vanhoucke, Mario Demeulemeester, Erik
Vanhoucke, Mario
Demeulemeester, Erik
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Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2003
Journal
Project Management Journal
Book
Publication Volume
34
Publication Issue
1
Publication Begin page
30
Publication End page
42
Publication Number of pages
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Abstract
The scheduling of acitivities over time has gained increasing attention with the development of the critical path method (CPM) and the program evaluation and review technique (PERT). Since then, a large amount of solution procedures for a wide range of problem types have been proposed in literature. Many of these procedures, however, are not able to solve real-life problems. In this paper we describe a capacity expansion project at a water production center (WPC) of the Vlaamse Maatschappij voor Watervoorziening (VMW) in Belgium. This project aims at expanding the production capacity of pure water. We show that scheduling the project with certain techniques wll improve the financial status of the project. We illustrate this statement with different schedules. Keywords: project scheduling, net present value (NPV), real-life problems, CPM, PERT
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Keywords
Programme & Portfolio Management