Aggregate Planning

Demand Forecast Aggregate planning

Aggregate planning:
Intermediate-range capacity planning, usually covering 2 to 12 months. It is matching the capacity and the demand.

Aggregate Planning strategies

Pure strategy Mixed strategy

Pure strategy
Building & utilizing inventory through constant workforce Varying the size of the work force Sub contracting Making changes in demand pattern

Mixed strategy
Constant work force + overtime Regular time production + hiring & firing + subcontracting

Aggregate Planning methods

Graphical methods Transportation method

Basics of Project Management

Project Characteristics
Non- routine, repetitive , one-off undertaking normally with discrete time, financial and technical performance goals Building bridges , building dams, hydro power plants, airports etc.

Project Characteristics
Objectives Ex: construction of a highways between 2 cities covering 20 Km Definite Time limit Uniqueness Ex : Setting up a cement plant , building a highway Team work Complexity Subcontracting

Project Characteristics
Risk & Uncertainty Customer specific Change Response Response to environments Forecasting Optimality Rational choice Principle of succession

Taxonomy
Type of activity: Industrial , Non-industrial Projects Location of Project: National, International Project Based on ownership Public sector, private sector, joint sectors Based on size Small, medium sized , large

Projects based on Need

New project Balancing project Expansion project Increasing plant capacity Modernization project Replacement project Diversification project Related diversification Unrelated