Statement – Week 2 6 Figure B: Project Scope Statement 7 Project Work Breakdown Structure – Week 2 9 Figure C: Project Work Breakdown Structure 9 Project Schedule –Week 3 11 Figure D: Project Schedule 11 1. What is your critical path? 11 2. Does this critical path make sense? 12 3. Do your predecessors make sense? 12 4. How accurate are your durations? 12 5. What could be done to improve the accuracy of your durations? 13 6. Are there any resources over-allocated? 13 Project
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Chapter 4 Product and service design It is the major factor in - Cost - Customer satisfaction - Quality - Competitive advantage - Time-to-market Objectives of Product and Service Design Main focus - Customer satisfaction - Understand what the customer wants Secondary focus - Function of product/service - Appearance - Cost/profit - Ease of production/assembly - Quality - Ease of maintenance/service Product or Service Design Activities 1. Translate customer
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Gray and Larson (2005, chapter 8), there are four major stages of the resource scheduling process. These stages are resource definition, resource allocation, resource aggregation, and resource leveling. Resource definition involves identifying the critical resources that need to be planned and managed for the successful completion of the project. In a multi-project environment as projects are competing for scarce resources, resource allocation addresses the problem of the optimum use and timing of
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Task: 1 Q 1- describe the background and principles of project management: 1-Project Management : It is a unit that constitutes one of the important things in order to know the requirements of the project and what is needed for one to start the project. It is also plays a major role in any project because it helps in finding out what are the processes and steps that must be carried out to achieve the project’s objectives. Projects consist of five phases; start, planning and execution
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Critical thinking and ethics go hand in hand; like ying and yang. Critical thinking is the process in which you evaluate to make a clear and rational decision. Ethics is moral values that determine a person's behavior. Critical thinking creates a intellectual process of assessment which helps to determine their ethical values. There are six paths of critical thinking. Step one is remembering. The fundamental level of securing of information obliges that you have the capacity to distinguish what
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required for preparing the project implementation schedule? Q-9 Discuss the importance of considering alternatives ways of transforming an idea into a concrete project? Q-10 How is price elasticity of demand measured? Q-11 Give an example of chain ratio method. UNIT-3 Q-1 Why does money have time value? Q-2 State the general formula for the future value of a single amount. Q-3 Calculate the value 5 years hence of deposit of Rs.1000/- made today if the interest rate is (a) 8 percent (b) 10 percent (c)
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charts cannot depict float. Answer: FALSE Diff: 1 Section: 10.2 Gantt Charts Skill: Factual AACSB Tag: Reflective 4) In order to accelerate completion of a project, the manager must crash critical path activities. Answer: TRUE Diff: 1 Section: 10.3 Crashing Projects Skill: Factual AACSB Tag: Reflective 5) The critical path may not contain a dummy activity. Answer: FALSE Diff: 1 Section: 10.3 Crashing Projects Skill: Factual AACSB Tag: Reflective 6) Quite often the marginal gains in employee productivity
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Definitions: * Human resource management= the management function focused on maximizing the effectiveness of the workforce by recruiting world-class talent, promoting career development and determining workforce strategies to boost organizational effectiveness * Job analysis the examination of specific task that are assigned to each position independent of who might be holding the job at any specific time. * Job description= an explanation of the responsibilities for a specific position
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there were two critical paths to finish this project, technical program and software program, so we check the earned value separately instead the combined report. From the results of the earned value, we can see that the software customization program is under budget and ahead of the schedule and that the technical infrastructure program is over budget and behind the schedule. Even though the total report is good, the project is not processing well, because it contains two critical paths. The completion
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Order of Magnitude estimate = -25% to +75% Preliminary estimate = -15% to + 50% Budget estimate = -10% to +25% Definitive estimate = -5% to +10% Final estimate = 0% Float on the critical path = 0 days Pareto Diagram = 80/20 Time a PM spends communicating = 90% Crashing a project = Crash least expensive tasks on critical path. JIT inventory = 0% (or very close to 0%.) Minus 100 = (100) or -100 PERT PERT 3-point = (Pessimistic+(4*Most Likely)+Optimistic)/6 PERT σ = (Pessimistic - Optimistic) / 6
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