IB Business Management Topic Gantt Chart Revision Notes (HL)

IB Business Management Topic Gantt Chart Revision Notes (HL) | RevisionDojo

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What Is a Gantt Chart?

Definition

Gantt chart

A Gantt chart is a project management tool that uses horizontal bars to represent tasks over a timeline.

It helps you schedule, track, and coordinate activities, ensuring projects are completed on time.

Tip

Gantt charts are especially useful for complex projectswith multiple tasksand dependencies.

Key Components of a Gantt Chart

1. Horizontal Bars

Each bar represents a task, showing its start and end dates.
The length of the bar indicates the duration of the task.

Example

In a product launch project, a bar might represent the task "Design Marketing Materials" starting on March 1 and ending on March 10.

2. Dependencies

Dependencies show how tasks are interrelated.
Some tasks cannot start until others are completed.

Example

If Testing depends on Product Development, the Gantt chart will show a link between these tasks.

3. Milestones

Milestones are key stages or deadlines in a project.
They are often represented as diamonds or dots on the chart.

Example

A milestone could be the launch date for a new product.

4. Critical Path

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Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Duis aute irure dolor in reprehenderit

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Note

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Excepteur sint occaecat cupidatat non proident

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Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

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What Is a Gantt Chart?

Definition

Gantt chart

A Gantt chart is a project management tool that uses horizontal bars to represent tasks over a timeline.

It helps you schedule, track, and coordinate activities, ensuring projects are completed on time.

Tip

Gantt charts are especially useful for complex projectswith multiple tasksand dependencies.

Key Components of a Gantt Chart

1. Horizontal Bars

Each bar represents a task, showing its start and end dates.
The length of the bar indicates the duration of the task.

Example

In a product launch project, a bar might represent the task "Design Marketing Materials" starting on March 1 and ending on March 10.

2. Dependencies

Dependencies show how tasks are interrelated.
Some tasks cannot start until others are completed.

Example

If Testing depends on Product Development, the Gantt chart will show a link between these tasks.

3. Milestones

Milestones are key stages or deadlines in a project.
They are often represented as diamonds or dots on the chart.

Example

A milestone could be the launch date for a new product.

4. Critical Path

Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

Unit 1: Introduction to Business Management - Core operational components and business functions6 subtopics

Unit 2: HR Management - Motivation, Structure, Hierarchy7 subtopics

Unit 3: Financial Management - Accounting, Ratio evaluation, Core Financial Documents9 subtopics

Unit 4: Marketing Management - The 7 P's, strategies and forecasting6 subtopics

Unit 5: Operations Management - Production Methods, Production planning and management9 subtopics

BM Toolkit - Core business frameworks and tools15 subtopics

IB Business Management Gantt Chart Notes

Unit 1: Introduction to Business Management - Core operational components and business functions6 subtopics

Unit 2: HR Management - Motivation, Structure, Hierarchy7 subtopics

Unit 3: Financial Management - Accounting, Ratio evaluation, Core Financial Documents9 subtopics

Unit 4: Marketing Management - The 7 P's, strategies and forecasting6 subtopics

Unit 5: Operations Management - Production Methods, Production planning and management9 subtopics

BM Toolkit - Core business frameworks and tools15 subtopics

What Is a Gantt Chart?

Key Components of a Gantt Chart

1. Horizontal Bars

2. Dependencies

3. Milestones

4. Critical Path

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account

What Is a Gantt Chart?

Key Components of a Gantt Chart

1. Horizontal Bars

2. Dependencies

3. Milestones

4. Critical Path

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account