company is able to offer bonds in the marketplace. 2. DIFFERENCE BETWEEN PERT AND CPM MODEL: CPM and PERT (Program Evaluation and Review Technique) are most commonly used methods for project management. There are some similarities and differences between PERT and CPM. PERT can be applied to any field requiring planned, controlled and integrated work efforts to accomplish defined objectives. On the other hand, CPM (Critical Path Method) is the method of project planning consisting of a
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possible higher costs at this stage gives them the option of making changes and maintaining their budgets. C. A missing PERT/CPM Chart: A PERT & CPM chart’s are project management tools used to schedule, organize, and coordinate tasks within a project. Missing PERT/CPM may cause as a lot of chaos in a project, such situation can be overcome by making a PERT/CPM chart such that the project management can determine which task has to start first & when it should start & finish.
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QUIZ 3 CHAPTER 3 * Question 1 0.5 out of 0.5 points | | | ____ is open-source software that is supported by a community of users and developers. | | | | | Selected Answer: | GanttProject | Answers: | GanttProject | | Microsoft Project Standard | | Microsoft Project Professional | | Both b and c | | | | | * Question 2 0 out of 0.5 points | | | For a project manager, monitoring _____. | | | | | Selected Answer: | includes identifying and arranging
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16 Product waste is an example of waste in the sense that no value is added- true In a JIT system, product inspection adds value by identifying defective items-false A push system means providing the station with exactly what is needed when it is needed-false Waste is anything that does not add value from the consumers prospective- True Increasing inventory exposes variability in production processes-false The 5’s do not include-safety Manufacturing cycle time is best described as-time from
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2.3 Project Management …………………………………………………………...... 6 2.3.1 Network Crashing ………………………………………………….. 7 2.3.2 PERT ………………………………………………………………. 7 2.3.3 CPM ………………………………………………………………...9 2.3.4 Gantt Chart …………………………………………………….........9 Chapter 3.Research Method …………………………………………………………………... 10 3.1 Research and Sample
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Project Management 1. Introduction As a discipline and professional subject, project management has gained unprecedented prevalence throughout the world as a consequence of its role in assisting the organization to efficiently utilize limited resources, resolving sophisticated technology and enhancing its survive in the increasingly competitive market. Specifically, implementing project management techniques assists the organization in curtailing the overheads costs, satisfying project deadlines
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alternatives for a new Dana Williams store include Store Location Store Size 6 * 7. B. PROJECT TECHNIQUES 6/15/2013 The project management techniques that ShuzWorld can use for the Critical Path Method Project Evaluation and Review Technique (PERT) Just In Time Method Monte Carlo Method Dana Williams store it intends to build
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The PERT Chart Program Managers often utilize tools such as, the Program Evaluation and Review Technique or PERT charts. PERT charts help managers with planning the schedule of projects that involve sequential activities. A PERT chart identifies the amount of time that is required to complete the activities in a project, and the order of the steps that occurs throughout the project. Each activity is assigned an earliest and latest start time and end time; activities with no slack time are said
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Evaluation 6. B 7. …. 8. …. 9. …. 10. Programme Evaluation Review Technique Part 2 / Answers for Short note questions 1. Sinking fund payment 2. Differentiation between PERT and CPM Model as follows:- PERT | CPM | * PERT uses event oriented Network. | * CPM uses activity oriented network. | * Estimate of time for activities are not so accurate and definite. | * Durations of activity may be estimated with a fair degree of accuracy. | * It is
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PRODUCTION MANAGEMENT 1. Define production: According to Elwood Butta “production is a process by which goods or services are created”. Production involves the step by step convertion of one form of material into another through chemical or mechanical process with a view to enhance the utility of the product or services. 2. Characteristics features of production system? 1. Production is an organized activity. 2. The system transforms the various inputs into useful outputs. 3. Production system does
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