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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
Describe the range of internal possibilities that exist for an organisation wishing to fill a job vacancy. A number of internal possibilities exist for recruitment, short listi
Explain about the term cost/benefit analyses. Cost/benefit analyse: Cost/benefit analysis is the procedure of knowing, and as far as probable quantifying, the costs of res
Balancing Efficiency An efficient line balancing will minimize the amount of idle time. The balance efficiency can be calculated as Eff B = output of task time / in
Steps involved for International/Global Competitive Bidding (ICB) Now that we are aware of the requirements of ICB, let us understand the steps involved in ICB. There can b
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What are the differences between classical theory and neo-classical theory of organisation? Difference between classical theory and neo-classical theory of organisation: The cl
explain what is meant by scope risk
What work goes on previous to project start-up? Before project start-up, work is required to establish the things and scope of the project. This is essential to establish the d
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Advantages of Product Layout - Low Work in Progress Since production is carried on in a pre arranged continuous sequence, the stock of work in progress of materials in transit
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