4 pages, Quantitative methods in project management

Jul 5th, 2016
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The rise of project management ensued due to the need of sophisticated and complex projects, goods and services. Lofland, J., and Lofland, L.H, (1995) states that a project involves the implements that are required for the production and distribution amenities, and the management principle entails using the right strategies and techniques that will espouse efficient production of the products or services. Therefore, project management deals with the procedures that are used to endow apt planning of objective-oriented tasks, which in turn facilitate realizing efficient scheduling, re-planning and management of projects.

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1Running head: Quantitative methods in project managementQuantitative methods in project managementName:Institution:Course code:Professor:Date:2Running head: Quantitative methods in project managementIntroductionThe rise of project management ensued due to the need of sophisticated and complexprojects, goods and services. Lofland, J., and Lofland, L.H, (1995) states that a project involvesthe implements that are required for the production and distribution amenities, and themanagement principle entails using the right strategies and techniques that will espouse efficientproduction of the products or services. Therefore, project management deals with the proceduresthat are used to endow apt planning of objective-oriented tasks, which in turn facilitate realizingefficient scheduling, re-planning and management of projects.The quantitative methods use data and analysis based on the parameters of population,processes, and samples. Population and processes refers to the total number of observations thatcan be made in a particular niche of study. The number of the implements to assess can besituated in any part of the universe, which can be termed as the universal set. The elementsselected in a given process for the analysis purposes are referred to as the sample.Various statistical methods can suite the project management process. Most methods useobservation aids, in turn facilitating the collection of raw data. The data is then evaluated andtabulated,

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