Project Management, 2nd Edition

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Modeling for Project Optimization

Project Modeling

Schedule optimization is often the major focus in project management. While heuristic scheduling is simple to implement, it does have some limitations. The limitations of heuristic scheduling include subjectivity, arbitrariness, and simplistic assumptions. In addition, heuristic scheduling does not handle uncertainty very well. On the other hand, mathematical scheduling is difficult to apply for practical problems. However, the increasing access to low-cost high-speed computers has facilitated the increased use of mathematical scheduling approaches that yield optimal project schedules. The advantages of mathematical scheduling include the following facts:

1. It provides optimal solutions. ...