IB Business Management HL

BMT 9 – Gantt Charts | Business Management Toolkit | IB Business Management HL

Unit 6: Business Management Toolkit — BMT 9 Gantt Charts
What is a Gantt Chart?
Gantt Charts are visual scheduling tools widely used in project management. They display tasks or activities along a timeline, showing start and end times, dependencies, and progress — making it easier to monitor, allocate resources, and keep projects on track.
Key Features:
  • Horizontal bars for each task, mapped over time
  • Shows which tasks run in parallel and which are sequential
  • Helps identify project bottlenecks and manage deadlines
Main Components of a Gantt Chart
ComponentDescription
Task ListAll project activities that need scheduling
TimelineDates/days divided into equal intervals (e.g., days, weeks)
BarsHorizontal bars represent the duration of each activity
MilestonesKey project checkpoints or completion points
DependenciesLinks showing which tasks depend on completion of others
ProgressVisualization of completion status for each task
How to Construct a Gantt Chart
  1. Identify every task required for the project
  2. Estimate the duration of each task
  3. Establish relationships and dependencies between tasks
  4. Draw a time axis and add horizontal bars for each task
  5. Mark milestones and progress updates as the project advances
Formula: Project Duration
Project\ Duration = \max(End\ Date_{Tasks}) - Start\ Date_{Project}
Worked Example
Suppose a website launch project includes:
- Design (1-5 March)
- Development (6-14 March, starts after design)
- Testing (12-17 March, overlaps with late development)
- Launch (18 March, after testing)
The Gantt chart would show overlapping bars for development and testing, and arrows to indicate dependencies.
Benefits & Limitations
BenefitsLimitations
- Enhances project transparency
- Visualizes task dependencies
- Improves resource management
- Simplifies communication and reporting
- Can become cluttered for large projects
- Requires regular updates
- May not show resource allocation in detail
Conclusion
Gantt charts are effective tools for planning and managing projects — helping managers track progress, manage dependencies, and communicate efficiently throughout the project lifecycle.
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