PERT is a widely used method for planning and coordinating large-scale projects. To obtain: • A graphical display of project activities. • An estimate of how long the project will take. • An indication of which activities are the most critical to timely project completion. • An indication of how long any activity can be delayed without delaying the project. The Network Diagram Network (precedence) diagram -Diagram of project activities that shows sequential relationships by the use of
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R. C/ Coleman distribute a variety of food products that are sold through grocery store and supermarket outlets. The company receives orders directly from the individual outlets‚ with a typical order requesting the delivery of several cases of anywhere from 20 to 50 different products. Under the company’s current warehouse operation‚ warehouse clerks dispatch order-picking personnel to fill each order and have the goods moved to the warehouse shipping area. Because of the high labour costs and relatively
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International University SCHOOL OF BUSINESS COURSE SYLLABUS1 Project Management Note: The outline with specific venue and time‚ and updated learning materials for the current semester will be provided to the enrolled students by the lecturer 1. COURSE STAFF Lecturer: Room: 207 Telephone: E-mail: Consultation Hours: 8.00 – 11.00 Thursday morning or by appointment Teaching Assistant: 2. COURSE INFORMATION 1 2.1 Teaching times
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Khamooshi‚ Ph.D. 1; and Denis F. Cioffi‚ Ph.D. 2 Abstract: A model for project budgeting and scheduling with uncertainty is developed. The traditional critical-path method (CPM) misleads because there are few‚ if any‚ real-life deterministic situations for which CPM is a great match; program evaluation and review technique (PERT) has been seen to have its problems‚ too (e.g.‚ merge bias‚ unavailability of data‚ difficulty of implementation by practitioners). A dual focus on the distributions of the
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the project is worthwhile and profitable to the company. Countrywide Construction 1. The correct duration would be 65 Days. 2. Critical Path: Prep Foundation (10d)→ Assemble Building (4d)→ Final Inspection (30d)→ →Arrange for Sale (3d) 4. PERT/CPM Chart: Chapter 4 Review Questions 3. JAD and RAD are teams both composed of users‚ managers‚ and IT staff. They differ from traditional fact-finding methods because the users‚ managers‚ and IT staff all work together to gather information
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ECO - 03 Bachelor’s Degree Programme (BDP) ASSIGNMENT 2014-15 Elective Course in Commerce ECO – 03: MANAGEMENT THEORY For July 2014 and January 2015 admission cycle School of Management Studies Indira Gandhi National Open University Maidan Garhi‚ New Delhi -110 068 Elective Course in Commerce ECO – 03: Management Theory ASSIGNMENT- 2014-15 Dear Students‚ As explained in the Programme Guide‚ you have to do one Tutor Marked Assignment in this Course. Assignment is given 30% weightage in the
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G Design warehouse F H Advertise system operator positions D I Design computer interface C J Interface computer E‚ G‚ I K Install system E‚ G L Interview and hire system operators H M Train system operators J‚ L N Test system K‚ M PERT Data CPM Data Time (weeks) Time (weeks) Cost ($) Activity Optimistic Most Likely Pessimistic Normal Crash Normal Crash A 5 10 12 10 5 1‚000 2‚400 B 7 8 13 8 7 1‚000 2‚420 C 4 8 15 8 4 1‚500 2‚900 D 4 7 8 7 4 1‚600 4‚000 E 3 8 14 8 3 2‚000 16
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GKM COLLEGE OF ENGINEERING AND TECHNOLOGY DEPARTMENT OF MANAGEMENT STUDIES BA 9221 OPERATIONS MANAGEMENT TWO MARK QUESTIONS Unit I 1.Define Production Management It is the process by which raw material and other inputs are converted into finishedgoods. 2.What are the needs or Objectives of Production Management. To manufacture the products as per the specification To effectively manage the available resources and facilities To produce products as per the market requirement . 3
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words each) columns. b. Find the saddle point of the following game and state the optimum strategies for players A and B A 1 1 B 2 3 4 Q6. 2 3 5 4 6 3 1 4 4 2 4 8 6 3 2 5 0 7 8 1 9 6 2 5 a What are the differences between PERT and CPM? b. A project has eleven activities whose duration is given in the following table: Activity Duration (days) i. Draw the network ii. Identify the critical activities and critical path. 0-1 2 1-2 8 1-3 10 2-4 6 2-5 3 3-4 3 3-6 7 4-7 5 5-7 2 6-7
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Chapter 1 – Introduction to Operations Management After completing this chapter‚ you should be able to: 1. Define the term operations management. 2. Identify the three major functional areas of organizations and describe how they interrelate. 3. Identify similarities and differences between production and service operations. 4. Describe the operations function and the nature of the operations manager’s job. 5. Summarize the two major aspects of process management. 6. Explain the key aspects of operations
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