Saturday, April 24, 2010

10-day MBA: D7 Operations – about Gantt Chart

Gantt Charts are useful tools for analyzing and planning more complex projects. They:
· Help you to plan out the tasks that need to be completed
· Give you a basis for scheduling when these tasks will be carried out
· Allow you to plan the allocation of resources needed to complete the project, and
· Help you to work out the critical path for a project where you must complete it by a particular date.
When a project is under way, Gantt charts are useful for monitoring its progress. You can immediately see what should have been achieved at a point in time, and can therefore take remedial action to bring the project back on course. This can be essential for the successful and profitable implementation of the project.

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