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Question 1:
Explain the Scoring Method for project selection
a) Un-weighted 0-1 factor method and Weighted factor scoring method
b) Show the algorithm for solving the shortest-route problem
Step 1 - Prepare a master list Step 2 - Mark the source Step 3 - If the newly marked node is the sink, go to Step 5. If not, go to Step 4.Step 4 - Suppose all marked nodes having un-circled branches Step 5 - Z* is the value assigned to the sink. A minimum-cost path is obtained recursively,
Question 2:
Describe the rules for network construction. Show PERT method of project planning
Rules for the construction of a network -1. Each activity is shown by one arrow2. Each activity must be identified by its starting and end node 3. Nodes are numbered.4. Between any pair of nodes, there should be one and only one activity; 5. Arrows should be kept straight 6. Rules for the logical sequence (or inter-relationship) between activities PERT
• Explanation• Steps in the PERT Planning Process• Benefits of PERT• Limitations of PERT
Q. Process of development? Figure shows the process of new product development in the form of a flow chart. As is evident, the process of development starts with the idea gene
Work breakdown structure: The work breakdown structure, as its name suggests, represents an organised and logical break down of the project into its component parts. Thus break
Compare and Contrast the KN346 investment and the "plain vanilla" alternative.
What do you mean by variable costs? Variable costs conversely, tend to vary directly along with the volume of output. Illustrations of variable cost are as given below: direct
How is Inventory control worked for an optimum balance between competing objectives? Inventory control is related with achieving an optimum balance in between two competing obj
What do you mean by Line Balancing in management? Line Balancing: It means balancing the line among the product lines or assembly lines. This aims at grouping assists an
The analogy method of estimating is frequently used to produce broad-brush evaluates at the start of a project. Why this method is mainly suited to such application? Determinin
Discuss the management part of project management
Question: (a) An employee in an organisation has suffered a major injury in an accident during working hours. Describe who should carry out an investigation into the accident
QUESTION (a) The project lifecycle refers to a logical sequence of activities to accomplish the project's goals and objectives. Regardless of the scope or complexity any projec
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