Contents ABSTRACT 2 1. INTRODUCTION 2 2. LITERATURE REVIEW 2 2.1 What is a Risk 2 2.2 Risk Management 3 3. RISK MANAGEMENT MODELS 4 3.1 Risk Cube 4 3.2 Risk Burndown Chart 5 3.3 GANTT Chart and Milestone Chart 5 3.4 PERT or CPM 6 3.5 PRA 7 3.6 SWOT Analysis 7 3.7 GAP Analysis 7 3.8 Value Chain Analysis 8 3.9 FMEA or FMECA 8 3.10 Decision Tree Analysis 9 3.11 Sensitivity Analysis 9 3.12 Monte Carlo Simulation 9 3.13 Other Risk Management Models
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Making 11-13. Benefits of Quantitative techniques 14-17. Decision tree Diagram parts 18-23. Steps of the CPM of project planning 24-25. Two possible ways of representing activity in Network Planning Techniques 26-30. Parts of project network 31-32. Two project management techniques 33-36. 4 situations in network diagram 37-40. 4 Events in History Critical Path Method (CPM) Answers: 1. Formulating the problem 2. Defining decision variable and constraints 3.
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Winter 2013 Master of Business Administration- MBA Semester 2 MB0048 – Operations Research - 4 Credits (Book ID: B1631) (Roll no: 1305009661) Q.1: Discuss the various stages involved in the methodology of Operations Research. Briefly explain the techniques and tools of Operations Research. Ans: The basic dominant characteristic feature of operations research is that it employs mathematical representations or models to analyse problems. This distinct approach represents an adaptation of the
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report reviews the Critical Chain approach to project management as proposed by Dr Eliyahu Goldratt (1997). The approach is based on the Theory of Constraints (TOC). The report finds the following: Conventional techniques (Critical Path Method‚ PERT) often fall short of delivering projects on time and within budget. Traditional approaches have two main problems: o Three mechanisms exist which create excessive project ‘safety time’. o Three mechanism exist which waste the created ‘safety time’
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UNIVERSITI UTARA MALAYSIA COLLEGE OF ARTS AND SCIENCES COURSE CODE : SQQP 5023 COURSE NAME : DECISION ANALYSIS LECTURER : DR. SYARIZA ABDUL RAHMAN email: syariza@uum.edu.my tel: 04 – 9286975/ 016-4127923 1. COURSE SYNOPSIS Mathematical tools have been applied for thousands of years; however‚ the formal study and application of quantitative techniques to practical decision making is largely a product of the twentieth century. Decision analysis refers
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DRIVE PROGRAM SEMESTER SUBJECT CODE & NAME BK ID CREDITS MARKS ASSIGNMENT WINTER 2013 MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2 II MB0048 OPERATIONS RESEARCH B1631 4 60 Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Questions Marks Total Marks Q.No Discuss the various stages involved in the methodology of Operations Research. Briefly 1 explain the techniques
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study‚ with the development of two analytical techniques for planning‚ scheduling‚ and controlling projects. These techniques are the project evaluation and review technique (PERT) and the critical path method (CPM). The purpose of this exercise is for the student to appreciate project planning issues and the application of PERT\CPM techniques. Please answer the following questions. Exercise 4 1. Hamilton Country Parks is planning to develop a new park and recreational area on a recently purchased
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project management are A) ##planning‚ scheduling‚ and controlling B) planning‚ programming‚ and budgeting C) planning‚ organizing‚ staffing‚ leading‚ and controlling D) different for manufacturing projects than for service projects E) GANTT‚ CPM‚ and PERT 5) Which of the following is not one of the three phases of project management? A) planning B) scheduling C) controlling D) ###All of the above are project management phases. E) Both A and C are not project management phases. 6) A project
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TF Qu. 3 You can t make a mistake by locating... You can ’t make a mistake by locating where labor costs are low. | True | | False | Labor costs are only occasionally a primary consideration in location decisions. TF Qu. 7 A strategy that emphasizes convenience for ... A strategy that emphasizes convenience for the customers would probably select a single very large facility. | True | | False | Convenience for customers would tend to necessitate small‚ dispersed facilities.
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Q1. Discuss the various stages involved in the methodology of Operations Research. Briefly explain the techniques and tools of Operations Research. (Operations Research Methodology-5‚ Techniques and tools of Operations Research-5) 10 marks Answer. Operations Research Methodology The first and the most important step in the OR approach of problem solving is to define the problem. One needs to ensure that the problem is identified properly because this problem statement will indicate the following
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