Describe how you can choose appropriate forecasting model

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Reference no: EM131215686 , Length: 4800 Words

1. Write short notes on:

  • a. Graphical Evaluation and Review Technique (GERT)
  • b. Cost control

2. Describe CPM technique of project planning.

3. What do you understand by managing cash flow?

4. Describe how you can choose an appropriate forecasting model.

5. How you can display data using Gantt chart and Network Diagram Chart in MS Project.

6. How to create a report on the project activities in the MS Project?

4800 Words limit.

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Graphical Evaluation & Review Technique commonly known as GERT, is a network analysis technique used in project management that allows probabilistic treatment of both network logic and estimation of activity duration. Compared to other techniques, GERT is only rarely used in complex systems. Nevertheless, the GERT approach addresses the majority of the limitations associated with PERT/CPM technique. GERT allows loops between tasks. The fundamental drawback associated with the GERT technique is the complex program (Monte

Reference no: EM131215686

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