A Gantt chart is the same as a project management plan
What Is a Gantt Chart?A Gantt chart is a commonly used graphical depiction of a project schedule. It's a type of bar chart showing the start and finish dates of a project's elements such as resources, planning, and dependencies. Show
Henry Gantt (1861-1919), an American mechanical engineer, designed the Gantt chart. Key Takeaways
Understanding Gantt ChartsThe Gantt chart is the most widely used chart in project management. These charts are useful in planning a project and defining the sequence of tasks that require completion. In most instances, the chart is displayed as a horizontal bar chart. Horizontal bars of different lengths represent the project timeline, which can include task sequences, duration, and the start and end dates for each task. The horizontal bar also shows how much of a task requires completion. The length of the bar is proportional to the time necessary for a task’s completion. The project tasks are represented on the vertical axis. A Gantt chart helps in scheduling, managing, and monitoring specific tasks and resources in a project. The chart shows the project timeline, which includes scheduled and completed work over a period. The Gantt chart aids project managers in communicating project status or plans and also helps ensure the project remains on track. Benefits of a Gantt ChartThe chart identifies tasks that may be executed in parallel and those that can't be started or finished until others are complete. It can help detect potential bottlenecks and identify tasks that may have been excluded from the project timeline. The chart depicts things like task slack time or additional time for completion of a task that shouldn't delay the project; noncritical activities that may be delayed; and critical activities that must be executed on time. Gantt charts can be used in managing projects of all sizes and types. These may include building infrastructures like dams, bridges, and highways. They may also include software development and other technologies. Project management tools, such as Microsoft Visio, Project, SharePoint, and Excel, or specialized software, such as Gantto or Matchware, can help in designing Gantt charts. Investopedia / Sabrina Jiang Example of a Gantt ChartCompany A is taking on a project to install new software on the servers of a large investment bank. Company A decides to create a Gantt chart to help manage the project and its different components. The project's tasks that require completion include conducting research, selecting a software product, testing the software, and installing it. These tasks appear as vertical lines on the Gantt chart. A milestone of the project is selecting the software. The project's duration is 40 days as agreed upon between Company A and the investment bank. Each task takes 10 days to complete, and each task is dependent on the previous task. A critical activity is testing the software in the development and test environments. The task start and end dates, duration, and milestones appear as horizontal bars on the Gantt chart. The percentage of work completed for each task also is displayed on the horizontal bars. Using the Gantt chart will help Company A map out the tasks along a timeline to reach full completion in 40 days. What Are Gantt Charts Used for?Gantt charts help visualize various tasks and projects that occur simultaneously within an organization, and how far along they have progressed. They are used by management to plan and schedule such projects so that resources can be allocated in an optimal way and that projects that are prioritized can finish before less important ones begin. Who Was Henry Gantt?Henry Gantt was a social scientist and management consultant who also held a degree in mechanical engineering. He worked in the field of scientific management, developing methods to streamline and increase the productivity of corporations and their workforce. He created the Gantt chart in the 1910s to help supervisors understand the progress of their labor force and to ensure tasks were on schedule. What Are the Components of a Gantt Chart?A Gantt chart can vary in complexity and depth, but will always have three key components: activities or tasks that are to be done, running along the y-axis; milestones or progress stages indicated along the x-axis (either on the top or bottom of the chart); and progress bars, denoted as horizontal bars, denoting how far along each task is at any given point. The Bottom LineA Gantt chart is a visual description of a project's timeline. The chart shows the start and end dates of a project's components, such as resources and planning. If you are involved in a project, it is recommended to use a Gantt chart to help organize the various tasks within the project. Is a Gantt chart the same as a project plan?We often make the mistake of referring to the Gantt chart as the 'project plan. ' This seems to be most prevalent in the world of information technology. In reality, the Gantt chart, or project schedule – is only one component of a real, true project plan.
What is a Gantt chart also called?Quality Glossary Definition: Gantt chart. Also called: milestones chart, project bar chart, activity chart. A Gantt chart is a bar chart that shows the tasks of a project, when each task must take place, and how long each task will take to complete.
Is a project plan the same as a project management plan?The project plan describes the plan broadly with less attention to detail. It deals with high-level planning, while the project management plan uses every possible detail. The project plan deals with the “what” part of the project, while the project management plan deals with the “how.”
What is a Gantt chart similar to?Timelines
Timelines and Gantt charts may look similar, but the main difference is that a Gantt chart displays a detailed sequence of tasks and their dependencies on a two-dimensional chart. A project management timeline shows a chronological order of tasks and their due dates on a linear line!
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