This paper describes the use of a simple hands-on case in undergraduate classes to teach the concepts of a traditional PERT/CPM and Critical Chain project management techniques. A simple six-activity project is used to illustrate: the identification of project activities‚ development of activity time estimates‚ the development of the project network‚ the development of the PERT/CPM critical path and the probability of on-time completion using the critical path‚ the development of the critical chain
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Rating Rating in CPM represent the response of firm toward the critical success factors. Highest the rating better the response of the firm towards the critical success factor ‚rating range from 1.0 to 4.0 and can be applied to any factor. [pic][pic]There are some important point related to rating in CPM. • Rating is applied to each factor. • The response is poor represented by 1.0 • The response is average is represented by 2.0 • The response is above average represented by
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Chapter 2 Homework Problem Solutions Chapter 2 Project Management Study Objectives: construct a network diagram for a project determine critical path and expected completion time of a project with deterministic task times (note: some of us also do calculations for probabilistic times‚ but not required) calculate slack times for a particular task know how to “crash” a project down to a certain completion time at the lowest cost (note: just the concept of crashing needs to be discussed and not the
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FedEx Corporation Operating Segments and Companies Basically‚ FedEx is divided into four segments and 11 operating companies. The segments consist of FedEx Express Segment‚ FedEx Ground Segment‚ FedEx Freight Segment‚ and FedEx Freight Segment. The 4 segments and 11 operating companies are as shown chart below: FedEx Services Segment FedEx Freight Segment FedEx Ground Segment FedEx Express Segment FedEx Services FedEx Freight FedEx Ground FedEx Express FedEx Global Supply Chain Services
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Case 1.1 : FedEx 1) List the business processes displayed in the video. The first step is to pick up the package at the customer’s and to scan it. Therefore‚ the employee ) inform FedEx than the package is under FedEx’s responsibility. The second step is the transport of the package by truck for instance to a hub (or sorting center). In the third step‚ the package will process in the sorting center. The package is going to progress in a long and complex net of conveyer belts. This is called
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company. HR practices in FedEx: FedEx is a young company in world-class companies . It among the 500 in less 30 years. In addition to the benefit from good management and opportunities also benefits because of its HR practices. FedEx is the world’s largest express transportation company‚ it provides a fast and reliable courier service for more than 200 countries and regions. It has a global aviation and land transport network‚ Fedex can transport delivery quickly and on time
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weight that range from 0.0 to 1.0.weight indicates the relative importance of the critical success factors. Rating: Ratings refer to strengths and weaknesses where 4= major strength‚ 3= minor strength 2= minor weakness and 1= major weakness. In CPM the rating and total weighted score for rival firms can be compared to the sample firms. This comparative analysis provides important internal strategic information. Mobile Manufacturing | I-phone | Samsung | Nokia | Success Factors | Weight
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FedEx: Building a Global Distribution Powerhouse Questions 1. Evaluate the methods used by FedEx to grow domestically and internationally. Why do you think that the company initially had problems in its global operations? We are living in a global world so business‚ companies and people needs to communicate and deliver something to others quick and successfully in domestically and internationally. For that reason‚ Smith designed efficient distribution system to overcome difficulties in moving
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advantage – which has given the company a unique ability to access various markets around the globe. The multiple established firms and companies acquired by FedEx in various countries have all been integrated into a special widespread infrastructure‚ consisting of four segments - FedEx Express Segment‚ FedEx Ground Segment‚ FedEx freight Segment‚ FedEx Services Segment. These in turn have 11 operating companies‚ which operate independently. Package rates are calculated according to traveling distance
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Fedex http://www.innismaggiore.com/positionistview/read.aspx?id=104 http://www.slideshare.net/guest527dd8e98/fed-ex-corp-strategy http://www.mbaskool.com/brandguide/transport-and-logistics/2689-fedex.html http://www.researchandmarkets.com/reports/576886/analysis_of_fedex_corporation http://marketingmixx.com/marketing-plan-2/163-fedex-marketing-plan.html http://fedex021685.blogspot.com/2012/06/positioning-and-differentiation.html http://articles.economictimes.indiatimes.com/keyword/fedex http://about
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