Project ManagementTop Down/Bottom Up methods Consensus methods Snr/middle managers’ guess total project time & cost Discussing/arguing to reach a decision on best guestimates Firms seeking greater precision: Delphi Method: Group decision process of chance of certain events occurring Exp. familiar with project use insight/exp. guessing project costs/times Ratio methods Macro methods use ratios to guess time & cost E.g. contractors using no. of sq. ft. to guess cost/time to build
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(EST) Early start Time is the earliest time the activity can begin. (LST) Late start Time is the latest time the activity can begin and still allow the project to be completed on time. (EFT) Early finish Time is the earliest time the activity can end. (LFT) Late finish Time is the latest time the activity can end and still allow the project to be completed on time Diagram A: Activity-on-the-node diagram Timing of activities in the network diagram is determined by the following calculations
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Executive summary This feasibility study is commissioned by Mr. Jaime D. Reyes‚ a resort owner from Pinamalayan‚ Oriental Mindoro. The resort owner would like to further utilize his resort‚ Bulaklak Garden Resort‚ a 24-hectare beach front in Brgy. Pili. Currently‚ only 3-hectares of the land is being utilized‚ making 21-hectares a viable spot for improvements. However‚ due to financial constraints‚ the owner would like to loan to the bank to finance the probable expansion of his resort‚ and before
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Southwest Airlines has risks that have to deal with. For starters‚ co-founder and visionary leader Kelleher will soon be less involved in the firm ’s operations. Mr. Kelleher is responsible for the decision making of Southwest Airlines so it is going to be interesting to say the least when he takes a lesser role in the daily business of Southwest. Perhaps a more important risk‚ though‚ is the simple fact that Southwest is an airline. Past financial indicators have shown that members of the airline industry
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The GSM Group Case Study • Customer driven strategic thinking and planning • Mission statement • Target markets and customers • Partnerships • Teams‚ kaizen‚ communication and training • Background The GSM Group supplies metal and plastic components mainly to the automotive and electronics industries worldwide‚ and has ca.200 employees on 3 sites in the UK: • GSM Graphic Arts in Thirsk • GSM Valtech Industries in Wetherby • GSM Primographic
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reengineering project? (Points : 1) Cost and risk Performance of existing processes for a baseline Strategic analysis and workflow Inputs and outputs | 2. Enabling organizations to make continual improvements to many business processes and to use processes as the fundamental building blocks of corporate information systems is the goal of (Points : 1) BPM. BPR. reengineering. workflow management. | 3. The _____ is directly responsible for the individual systems project. (Points : 1) project management
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SIVADOL MANCHANDA 5380013 Chapter One: - Introduction to Systems Analysis and Design Q1. Ans 1. Information Technology refers to the combination of the hardware‚software and the services that people use to manage‚ communicate and share information. Information Technology is vital and are extremely important because the innovation‚ the technological advancements and the industrial knowhow are derived from the advancements and the progress made on information technology. Information technology
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Module: Fundamentals of Project Management Module Code: FPM12/1 Assignment number: 1 © Milpark Fundamentals of Project Management FPM12/1 Assignment 1 Year 12A / Page 1 Assignment Guidelines Guidelines for the successful submission of assignments Students are sometimes unsure as to what constitutes work of an acceptable standard when submitting an assignment. Naturally‚ programmes offered at different NQF Levels demand different types of responses. An NQF Level 4 or 5 qualification probably
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I. Introduction As mentioned in our case study of VideoLAN and it’s application‚ VLC Media Player‚ we discussed how it’s features and unconditional codecs made it easier for users to play or stream varied video and audio formats. Today‚ millions of people around the world are downloading this player onto their computers to play their favorite audio and video files in almost all formats. This media player is packed with numerous functions and features. This media player is not just for music
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IE 256 Term Project Applied Research Technologies‚ Inc. The business case you have describes a situation in a company called Applied Research Technologies. As a team‚ you are expected to understand the situation and present your answers to the questions below: 1. As Peter Vyas‚ how would you handle the expenditure request for the re-launch of the mini water oxidation system? 2. As Cynthia Jackson‚ would you approve the expenditure request if Vyas sent it up to you? 3. How effective has Vyas
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