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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
Ask question #MinimuI am a Master degree student in the UK. I am Taking a Master degree course in “Project Management”. I would like to make an order for one of the courses. The co
Explain about the work breakdown structure. Work breakdown structure (WBS): The concept of work breakdown structure (WBS) is to assist plan effectively for a project by b
R esponsibilities Following responsibilities are associated with policy requirements: P roject leaders Project leaders notify federal government departments or agenc
Discuss the considerations that management should take into account in determining the design of an accounting system which will satisfy both (i) its own information requirement
Illustrate the method of On the Job Training for managers? Methods of ‘On – the Job Training’ for Managers are illustrated below: a. Experience: Under such method a person
advantages and disadvantages
What are the important traits for a coach of a cricket team needed? The three significant traits needed for a coach of a cricket team are as follows: a. Decisiveness: The
I mplementation risks There are many problems which have caused the cost-of-quality approaches to fail. It is unwise to achieve too much too fast. For ex
Understanding Project Contracts Project contracts invariably involve construction and therefore we will discuss contracts necessarily involving construction in this section. I
Line Balancing- Line: an assembly line composed of various work stations, at which particular operations are performed.- To work efficiently, with no work pile-ups between stations, the line must be balanced, for example work must get through each workstation in roughly similar amount of time.Goals:1. To meet production goals,2. Maximize output.General Approaches to Line Balancing Technique1. Estimating number of operators for a specific number of stations,2. Work element sharing: grouping “activities” each work elements into “stations” or jobs performed by a single person (occasionally multiple people work in concert at a single station or machine)
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