1. Convert the project network to an Activity-on-node (AON) representation. What is the project completion time and critical path for this project ? Critical path is A-B‚ B-D‚ D-E 3. Suppose that activity AD were delayed by 2 weeks (takes 8 weeks versus 6). What is the new project completion time and critical path? A-D already has 2 hours of slack time‚ therefore if it becomes delayed by 2 hours it will have no impact on the finish time. 4. Suppose that you have extra resources
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need for the practice of operations management cannot be forgone. Operations management is very important in business operations since it forms the heart of the organisation by controlling the system of operation. Operations management deals with the design‚ operation‚ and improvement of the systems that create and deliver a firm’s primary products and services. Like marketing and finance‚ operations management is a functional field of business with clear management responsibilities. Guinness
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FUNCTIONS OF MANAGEMENT Planning It is the basic function of management. It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals. According to KOONTZ‚ “Planning is deciding in advance - what to do‚ when to do & how to do. It bridges the gap from where we are & where we want to be”. A plan is a future course of actions. It is an exercise in problem solving & decision making. Planning
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Indian Institute of Management Kozhikode Course Outline Course Title : Service Operations Management (SOM) Course Code : SM05-06 Credits : 2 Term : Quarter-II (25 March- 30 June 2013) Year : 2013-14 Faculty : Prof. S. Venkataramanaiah __________________________________________________________________________ Introduction & Objective(s): Manufacturing‚ service and agriculture are the major economic activities in any country. In India‚ manufacturing and services together constitute nearly 75% of
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Evaluation of Operations Management INTRODUCTION A financial institution is selected for the purpose of this review. To maintain its confidentiality this organization will be referred to as RCB Bank. This review is based on personal working experience in RCB Bank and reference to other materials such as internet and books on related subject. RCB Bank was established in July 1959 with its first branch located in Kuala Lumpur. RCB Bank was the first American bank to be incorporated as a subordinate
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Operations Management: Project Management BUS 515- Operations Management Strayer University Prof. Elmer L. Buard December 6‚ 2009 Table of Contents Abstract……………………………….............................................................................3 Introduction……………………………….......................................................................4 Define & describe the traditional project management philosophy...........…................4 Define & describe the New Project Management Theories
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Contributions to the Field of Management NAME Amberton University Operations Management MGT5203.E1 Teacher June 13‚ 2011 MGT5203 Assignment 1 - Contributions to the Field of Management What is operations management? Operations management is the management of processes that create goods and/or services which is the core to any business. (Stevenson‚ 2012) Operations involves leading within several operational duties such as: service design‚ process selection‚ selection and management of technology
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Halfpenny Golf Module: Sport Operations Management SMGT40210 MSc Sport and Exercise Management Centre for Sport Studies School of Public Health‚ Physiotherapy and Population Science Introduction and context analysis Halpenny Golf is one of the largest golf retailers in Ireland and the UK and stickiest with stores located in Swords‚ Lucan‚ Grafton Street and Drogheda. It is a golf facility retailer in Ireland who provide over thousand golf product. Halpenny golf is amongst the
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NOTE 1: A candidate with a MBA in Operation Management would be able to look after a factory or other operations of the factory in a better manner as compared to others due to their competency and knowledge regarding handling the operations of an organization.Depending on the type of organization‚ one might be responsible for a few activities / regions in the initial stages and consequently growing up to handling broader areas. This career involves handling a few plants/ vendors initially
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2/21/2014 EM 502 OPERATIONS MANAGEMENT INTRODUCTION Middle East Technical University 1 Department of Industrial Engineering 06531 Ankara / Turkey General Information • Textbook: Operations Management by Heizer and Render‚ Prentice Hall‚ 10th Edition‚ 2010. • Grading – Midterm Exams (2) 60% – Final (Comprehensive) 20% – Case Studies (2 or 3 – team work) 20% Middle East Technical University 2 Department of Industrial Engineering 06531 Ankara / Turkey 1 2/21/2014 Outline • • • • • • • •
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