• Book
    Structure Estimating Activities Sequencing Activities 57 59 75 79 97 viii CONTENTS Chapter 10: Chapter 11: Chapter 12: Chapter 13: Chapter 14: Calculating the Critical Path Preparing Schedules Preparing Resource Plans Preparing Budget Plans Getting Approvals and Compiling a Project Charter...
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  • Pert
    Estimations Term PERT Value (Expected duration) Standard Deviation (Sigma) Variance Formula {Pessimistic+ (4*Most Likely) + Optimistic} 6 Pessimistic – Optimistic 6 (Standard Deviation)2 For more than one task (e.g., for a project where all tasks lie on the critical path) Term Project PERT Value Project...
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  • Project Management Study Guide
    method. 3. planning tool. 4. rule of thumb. Answer: D 6 If earned value (EV) = 350, actual cost (AC) = 400, planned value (PV) = 325, what is cost variance (CV)? 1. 350 2. -75 3. 400 4. -50 Answer D 7 A project manager has just been assigned to a new project and has...
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  • Business Engineering Method
    reduce a given project’s duration through crashing selected activities. Five conditions were shown in the project with one normal condition and four crash conditions. A network analysis was carried out using Activity on Node (AON) method to show the project duration, critical path, Earliest Start Time ...
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  • Principles of Operation Management
    Project Management • • • • • Introduction to project management Critical path method (CPM) Crashing Uncertain activity durations Reading: Page 760 – 794 Project • Project: – A special type of process / transformation – A series of related jobs directed toward some major output – Require time and...
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  • decision making
    SUMMARY……………………………………………………………………………………………3 TASK 1……………………………………………………………………………………………………………….5 TASK 2……………………………………………………………………………………………………………….6 TASK 3………………………………………………………………………………………………………………8 TASK 4………………………………………………………………………………………………………………9 TASK 5………………………………………………………………………………………………………………10 ...
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  • Ops Test 3
    two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs than locating near the market, but the owners believe there would be a loss in sales volume because customers tend...
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  • Operations Formulas
    errors Actual – Forecast Week 3 Activity on node (activity in each circle) – this example the critical path 39 days Activity | Time | Preceded By | A | 12 | -- | B | 8 | A | C | 6 | A | D | 11 | B | E | 14 | C | F | 3 | C, D | G | 5 | E, F | Earliest Start/Finish Times (Textbook...
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  • Mot Solution
    Project Management • Introduction to project management • Critical path method (CPM) • Crashing • Uncertain activity durations • Reading: Page 760 – 794 Project • Project: – A special type of process / transformation ...
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  • ADMS 3353 Notes
    December 11, 2009 Time: 7:00 pm Location: All sections according to surnames: ABD-HAL: Curtis Lecture Halls C HAQ-NYS: Curtis Lecture Halls D OJO-ZHA: Curtis Lecture Halls E All those who need to take the make-up midterm, the room is Curtis Lecture Halls E, regardless of your surname. Duration: 2...
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  • specialization
    Management What is a project? A friend may say, “I’m going to clean the garage this weekend, it’s going to be a real project. Your boss come to you on that clean, sunny day afternoon and says”, I have a small project for you that you should be able to finish by the close of the business. What do all those...
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  • Scm 301
    has used Project Management principles to lay out the task relationships, and she finds they do not have enough time to make the performance date if they follow the traditional schedule as outlined below. Laura has come up with a list of tasks, their time requirements, and their relationships.  She...
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  • Project Management
    project. The basis logic behind on the these projects are; a. Investment of resources for a specific objective and b. a cause of irreversible change. What is a project? Project is a scientifically evolved work plan devised to achieve a specific objective within a specific period of time. It can...
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  • Walmart
    Carla Sonnier MGT 4460 Assignment 3 9 July 2012 Time-Cost Time-Trade Off 1. What is time-cost trade-off methodology, and when is it used? Crashing is a technique for making cost and schedule time trade-offs to obtain the greatest amount of time compression for the least incremental cost. This...
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  • Project Scheduling Assistance
    ` RFP Number: 11-011-C1 Project Title: Project Scheduling Assistance Name and Address of Proposer: Michael H. Azma, Managing Partner Genesis Technology Services Group LLC. 3311 Starline Dr. Rancho Palos Verdes, CA, 90275 Phone: (310) 514-2000, Fax: (310) 424-2990 Email: MAzma@GenesisGroupLLC...
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  • Spm Notes
    different techniques Unit I Introduction Project – Definition In the broadest sense, a project is a specific, finite task to be accomplished. Any activity that results in a deliverable or a product. Projects always begin with a problem. The project is to provide the solution to this problem...
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  • Midterm 2013 Solution
    question appear next to question numbers. Answer all questions on the exam paper. Show logic since part marks will be given for method and partial results. If you feel that a question is ambiguous, briefly explain your interpretation and state any assumptions you make. Interpretation on the student’s...
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  • Project Managment
    Introduction According PMI (2000) “a project is a temporary endeavour undertaken to create a unique product, service or result”. The temporary nature indicates a definite beginning and end of a project. It is also difficult to define a project because they vary according to size; it can be either...
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  • Project Management
    Lesson 2. What Makes a Good Project Manager? A Doer, not a Bystander Many Hats All the Time Principles To Steer You Seven Ways to Succeed as a Project Manager Seven Ways to Fail as a Project Manager Lesson 3. What Do You Want to Accomplish? To Lead and to Handle Crises Key Questions Okay, So What are We...
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  • calsberge case study
    project described in the case. Q2: How long will the project take to complete? And which activities are critical? After drawing the structure of project plan, we have to research the duration while the project take to complete. We will find the activities that must be completed on time for the project...
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