# Giacomo Carli

Giacomo is a Senior Lecturer in Strategic Management at The Open University Business School. He holds a work experience in project management both in consulting companies and in EU research projects.

Location Open University Business School, Milton Keynes, UK

## Activity

• Giacomo Carli replied to joe d

Joe, you got the point! Thank you for sharing your thoughts

• It would be more complicated to do the calculations by hand. That's why Goldratt provides the software.

• Hello,
i try to be of help. the reduction of the maximum duration is due to statistical reasons. If you go back at the step before, the assumption made by Goldratt is that activities are planned considering Point C in the diagram. That is the longest possible time which accounts for many risks. In reality, activities take less time (if they start at the due...

• Hi Leo,
according to Goldratt, actually costs are not impacted. This is because most of the time planned in the duration of an activity is not active work, but just time to protect from risk. If you look at the previous step, you can see that the activity will end at around point B in most of the cases.

• Hi Dawn,
the main idea of Goldratt is that activities are schedule accounting for all the risks, as represented in Point C of the previous step. This means that in many case people would finish them earlier, which is around point B in the previous step, which is just about half of the duration of point C. I hope this helped. Let me know.

• Does it work for you now?

• Let me try to help: the figures shows the probability of finishing the same task. Most of the cases are around point B, but typically we schedule using point C, increasing task duration to avoid risks.This makes project longer than needed according to Goldratt.

• Giacomo Carli made a comment

• Hi Christine, the diagrams show ideal situations, to explain the concepts based on the assumption that workers are all the same. This might not be always the case in reality. I hope this helps.
Cheers :-)

• Hi Amit, in this course we do not make use of specific techniques, to make it relevant for different projects, including simple ones. FMEA is for sure very useful in several areas

• Giacomo Carli made a comment

Dear Learners
Welcome to Week 3!
Now it is time to move to the implementation phase of the projects we carefully planned for the last 2 weeks.
You will see in this week how the work of a project manager changes.
I wish you a pleasant journey across these topics.
best regards
Giacomo

• Hi Gaenor, I appreciate your feedback, and I will take it into account. In this MOOC there is a variety of methods and tools, which targets different aspects of projects. The CPM is shown because it is common to include it in a beginner course and is part of several professional certifications in project management.
The mentors are constantly monitoring the...

• Hi Rissa
you have an ambitious plan. I wish you all the best

• Giacomo Carli made a comment

Hi and welcome to Week 2 of our course,
You will dig into the project planning phase. Probably, you will find this week quite intensive, but the investment will repay you in the rest of the course and, I hope, in your life.
Enjoy the week
kind regards
Giacomo

• Thanks: updated!

• Giacomo Carli made a comment

Dear Learners,
As you now from the video, I am the Lead Educator of this course in Project Management.
We are in the middle of week 1 and I am so proud to see so many people of different countries joined this course.
I hope you will find our journey into Project Management both interesting and useful for your personal and work life. I made my best to...

• if you use a software like Microsoft Project, it can move from month to weeks and days very quickly, adjusting the scale of the calendar. The scale depends on the duration of the project. But, at a certain point you need to assign tasks to people and you should consider days and weeks as the right timeframe.
There is a more complicated way of estimation...

• You just need to show the results, in many cases. And an appendix for the calculations

• The matrix is the last step of the analysis to communicate your results

• that is the right approach

• Hi , Thank you for noting a typo: activity has a LF date of 11. It does not affect the quiz, but I will correct it. The other dates are correct.

• Are you sure of these calculations? check the other comments to see the right answers

• You can download the template from the bottom of the page

• You can access it whenever you need, as long as you remain registered on Future Learn

• Thank you for your active participation

• Thanks

• Thanks to you Patrick and to All the Learners who made this mooc participated and enjoyable

• It could be a good idea to celebrate as it were a gratuation

• You can use your learning for a formal course at the OU: see the nest step https://www.futurelearn.com/courses/project-management/1/steps/100870

• Thank you for sharing the calculations...

• There are much more maths and more advanced techniques. You could enjoy also the MOOCs in finance from the Open University.

• Thanks for sharing this experience.

• activity 4 is happening just after activity 3. It is a very linear simple project

• I love to work at night... and look at comments on these steps in late hours.

• Thank you! I have become addicted

• It depends on the project and the stakeholders...

• If you want to use the same template of the example, you find it at the bottom of the page

• Besides the CPM it is the second numerical part... You do not need to remember, just try to grasp the meaning of the variables and the use of the template. You can always look at these pages for the definitions

• I agree with your choice Pamela

• Typically they are provided with the matrix, and some brief explanation

• the names of the variables are not easy, but I suggest to try to grasp their meaning

• I agree: the example is just introductory, but it is the foundation to build something more advanced.

• The earned value means the value of budget you converted into real achievement

• Very good question: it is not easy to know how much has been done so far. You need to evaluate and use your judgement. There are also techniques used in in these evaluations. They are called 50-50 and 0-100 methods. A bit more adavanced for this introductory course

• You can also look at the template at the bottom of the page