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1. A fast-food trainee takes an hour to prepare his first 20 sandwiches, 45 minutes for the second 20, and 38 minutes for the third 20. What will his production rate be after 24 hours of experience?
2. A new bank clerk needed an hour to encode his first 500 checks, 51 minutes for the second 500, and 46 minutes for the third 500. After how many batches of 500 checks will he be able to work at the standard rate of 1,000 checks per hour?
What do you understand by the term Scheduling? Explain how the following ways for duration compression of a project can be achieved- Fast tracking Crashing
Taking a cue from the above, planning is a scrupulous effort that needs to be well documented in order for projects to succeed.
Separate tasks into sub-tasks, and a work package with stated durations and order of precedence. Manage project scope throughout the project life cycle.
You are the project manager of a leading textile engineering company. The company opened its door in year 2000. Today, after 13 years of existence, it is being challenged with a loss in profitability approximating a 65% loss in net revenue
If you don't have personal experience with a project, research how project management practices have made projects successful.
Determine the expected time and variance for each activity.
Calculate the following ratios needed to assess profitability and interpret the results. This should include the last 3 years of ratios for the company and the last 3 years of ratios for the competitor.
Correlation of the project cash flows with cash flows from currently existing projects. Cash flows are not correlated with the cash flows from existing projects.
The progress report of a project contains the following data about the project costs:BCWS = $ 46,500. Calculate SPI, EAC and VAC.
Create a risk identification checklist, and Update risk management documents. Procedure
What are three benefits of document management systems?
Describe the importance of a project kick-off meeting, and what needs to be reviewed in that meeting.
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