Critical path present the most risk for a project

Assignment Help Operation Management
Reference no: EM13992358

1. Often in business there is not enough emphasis on risk. Many projects fail due to improper planning and improper risk assessment.

2. Now that you have defined your critical path it is time to think about risks associated with all of the tasks that have been outlined.

3. Explain which tasks on a critical path present the most risk for a project.

4. Explain what types of contingencies you need to put into place to protect the success of the project?

Reference no: EM13992358

Questions Cloud

Determine the operating characteristics : jay's Store operates a fleet of 10 trucks. The trucks arrive at random times throughout the day at the store’s truck dock to be loaded with new deliveries or to have incoming shipments from the regional warehouse unloaded. Using the Poisson arrivals ..
Explain the role of the jobs-to-be-done framework : Explain the role of the jobs-to-be-done framework and how it can be used for segmentation and targeting (in the "science of marketing"
Acute care-ambulatory care and long-term care : In this assignment, you will explain the different types of data sets that are used in the many healthcare settings of; acute care, ambulatory care, long-term care (includes rehabilitation), and home health care (includes hospice).
Define the duty of due care in negligence : What is the test that judges use to define the ‘duty of due care’ in negligence? When you go into 7-11 to buy a Slurpee, what status are you and what kind of duty does the landlord owe you? What is the name of the legal theory that made the employer ..
Critical path present the most risk for a project : Often in business there is not enough emphasis on risk. Many projects fail due to improper planning and improper risk assessment. Now that you have defined your critical path it is time to think about risks associated with all of the tasks that have ..
Efficiency and effectiveness of project management : Develop a Matrix that is based on 4 specific categories: Explain the appropriateness of this matrix and elaborate on its contribution to the efficiency and effectiveness of project management.
Has dairy breached the contract : Dairy mails Grocery Store an offer to sell 200 quarts of milk at a stated price. Grocery Store immediately replies, “Please send immediately 200 quarts of milk in 1-quart plastic containers.” Dairy ignores Grocery Store’s reply. If the milk is not se..
The option without tendering the purchase price : The Cowgers leased certain real property to Northwestern Bell for ten years. The contract granted an option to buy the property provided that the lessee gives sixty days’ prior notice of its intention to purchase. Northwestern Bell gave the required ..
Defendant asserted that a price term of fair market value : Plaintiff leased defendant’s property for five years with an option to buy at “fair market value.” Plaintiff sought to exercise its option by tendering to defendant $80,000. Defendant rejected this offer. Plaintiff sought specific performance of the ..

Reviews

Write a Review

Operation Management Questions & Answers

  IRR Profitability Index NPV Discounted Payback Period

The ________ method is economically sound and properly ranks projects across various sizes, time horizons, and levels of risk, without exception for all independent projects. Modified IRR Profitability Index NPV Discounted Payback Period

  Assume all coinsurance requirements are met

A construction company is insured by the following insurance companies: Company A, $200,000; Company B, $400,000; Company C, $200,000; and Company D, $100,000. If the construction company suffered equipment loss of $350,000, how much will each insura..

  Describe how should we define fair compensation

Describe how should we define "fair" compensation. Elucidate what tests/procedures would you recommend to an organization to determine whether the ways in which they compensate employees is "fair".

  What is the minimum number of workstations

What is the minimum number of workstations that will ensure an output rate of 43 units per day? (Assume that all of the individual task times are smaller than the obtained cycle time.)

  Service delivery system than on a manufacturing system

Why does volatility of demand have a higher effect on a service delivery system than on a manufacturing system?

  What does the title tell you about the topic

What does the title tell you about the topic? Does the title and thesis work together? Explain why or why not. Respond to the author's feedback request. Ask a question either about the topic, the process, researching, or the presentation tool

  The internet and the web are not the same thing

The Internet and the Web are not the same thing. What is the difference between the Internet and the Web? Let's discuss what the Internet is and how many kinds of traffic

  Describe the scheduling restriction represented

Define your decision variables. Define your objective function, and Describe the scheduling restriction represented by each constraint equation.

  Make a diagram showing network planning methods in which

1 develop a diagram showing network planning techniques in which you use the program evaluation and review technique

  Determine the labor and machine capacity requirements

Determine the labor and machine capacity requirements for each product and the total load for each department for each day. Ignore changeover time.Evaluate the projected loading for the first three days of the week. Is the schedule feasible? What ..

  How the company creates value

LG electronics : Global strategy in emerging markets please answer following in essay format 1) how the company creates value 2) sustainability of competitive advantage and strategic positioning

  Describe how scheduling and productivity related

Scheduling techniques are designed to disaggregate the master production schedule into time-phased daily or hourly activities. A detailed production schedule must include when and where each activity must take place in order to meet the master schedu..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd