Time-cost trade-off and closing a project

Assignment Help Operation Management

Reference no: EM131655924

Time-Cost Trade-Off and Closing a Project

In 150-175 word responses for each question, answer the following:

1. What is the time–cost trade-off methodology, and when is it used?

2. Why do you need both normal and crash times and costs for this procedure?

3. Assume that an activity has a normal time of 20 weeks, a normal cost of $72,000, a crash time of 16 weeks, and a crash cost of $100,000. By how many weeks, at most, can this activity’s duration be reduced? What is the cost per week to accelerate this activity?

4. Why is it not appropriate to crash all of the activities in a project to achieve the shortest project schedule?

5. Discuss what needs to be done as part of closing a project. Why are these activities important?

6. Discuss the internal post-project evaluation process and the two types of meetings involved.

Reference no: EM131655924

Questions Cloud

How organizations manage projects and programs : What are some of the ways research shows positive change in how organizations' manage projects and programs?

Discussion of either parent and youth conflict : Focusing on Stephanie Coontz’ discussion of either parent/youth conflict or marital conflict,

Country focused on improving customer service ratings : district managers across the country focused on improving customer service ratings in their stores by offering customer service training.

Social networking as a means for communication-management : Discuss the pros and cons of using social networking as a means for communication/management.

Time-cost trade-off and closing a project : What is the time–cost trade-off methodology, and when is it used? Why do you need both normal and crash times and costs for this procedure?

How effective a president will be in influencing congress : Why is this the case? What determines how effective a president will be in influencing Congress?

Were the challenges the team faced technical-technical : Were the challenges the team faced technical, technical and adaptive, or adaptive? What examples can you give to explain your answer?

Use of standardized recipes to produce quality food : What is the role of the manager in ensuring the use of standardized recipes to produce quality food, served to high standards every time?

Differences between direct and indirect distribution channel : Discuss the differences between direct and indirect distribution channels.

User Account

All Pages