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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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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1. Using the information provided‚ prepare the report that Roberts requested‚ assuming that the project will begin immediately. Assume 45 working days are available to complete the project‚ including transporting the car to Detroit before the auto show begins. Your report should briefly discuss the aspects of the proposed new business‚ such as the competitive priorities that Roberts asked about. Roberts want to restore her Mustang to mint condition or as close to mint condition as possible‚ and
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The Pert Studebaker. Case Study Case Background From 1916 to 1966‚ Studebaker automobiles were manufactured in South Bend Indiana. Vicky Roberts became owner of Roberts’s Auto Sales and Service (RASAS) when she inherited a Studebaker dealership. RASAS is a diversified business that includes three sales and service car dealerships‚ two auto parts stores‚ a large body shop‚ a car painting business and an auto salvage yard. Ms. Roberts is considering expanding the business to include vintage car
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15 4 .60 3 .45 3 .45 5. Advanced Technology .15 3 .45 4 .60 3 .45 6. Number of Branches .20 4 .80 4 .80 4 .80 Total 1.0 3.85 3.65 3.55 1st Banco De Oro (BDO) 2nd Bank of the Philippine Islands (BPI) 3rd Metropolitan Bank (Metrobank) Based on the CPM Matrix of Banco De Oro obtained a weighted score of 3.85‚ while Bank of the Philippine Island obtained a weighted score of 3.65 and Metropolitan Bank and Trust Company obtained a weighted score of 3.55. Even if Banco De Oro has the highest weighted
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reaching out to almost the entire world population with more than 250 brands in 130 countries. The product we have chosen is "Pert Plus"‚ which is according to P&G is in its declining stage. We made our hypothesis as per to the information provided by the company. In order to gather information; first we found out the causes of decline and consumer behavior towards "Pert Plus". After that we collected primary and secondary data‚ through various sources of information. Then we made the research design
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SOURCES: http://www.allfreepapers.com/print/Jollibee--Case-Study-Analysis/1794.html MISSION To serve great tasting food‚ bringing the joy of eating to everyone. VISION We are the best QSR... The most endearing brand ... that has ever been ... We will lead in product taste at all times ... We will provide FSC excellence in every encounter Happiness in every moment ... By year 2020‚ with over 4‚000 stores worldwide‚ Jollibee is truly a GLOBAL BRAND OPPORTUNITIES a. The promising nature of international
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Task:5 Make a critical analysis methodologies used in your project. Explain how your methodologies can be applied to similar types of project and cannot be applied to different type of project. Advantage of Gantt and PERT charts: 1. It gives the start time and end time of the project. 2. It gives you a precise time of each step of the project. 3. It gives you good view of which steps are the main or additional. 4. It provides exact prospective of which step depends on the other
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