Define the difference between effort and elapsed time, Business Economics

Assignment Help:

Define the difference between effort and elapsed time. What is the importance of this difference for project planning purposes?

Effort is the whole volume of work included in a task and is best thought of like how long this would take to accomplish when one person were assigned to this.  Elapsed time, conversely, is how long the task will take through start to finish and it will depend onto the effort included, how many people are allocated to the task and what delays or external dependencies are included. Exacting and creating an interview report may, for illustration, involve half a day’s effort but obtain two weeks’ elapsed time since the interviewee is slow to review the document and send reverse corrections.  While planning, estimates normally (and rightly) focus onto effort but, while transferring the estimates to the schedules that are the dependency network and bar chart, elapsed time also should be seems.  In particular, issues as fixed ‘lead times’ for acquiring equipment have to be taken in account.


Related Discussions:- Define the difference between effort and elapsed time

Elasticity of demand, Question #1 A baseball team is trying to predict tick...

Question #1 A baseball team is trying to predict ticket sales for the upcoming season. They are also considering increasing prices. The market has a population of 2 million persons

How does economic system influence the development process, How does econom...

How does economic system influence the development process? The development experience of free market or capitalist and command as socialist/communist countries is extremely d

Saudi Economic Forecast 2018 to 2020, I want a presentation on Saudi Arabia...

I want a presentation on Saudi Arabia''s economic forecast for 2018 to 2020 and role and future of travel industry in it.

Is ownership of change important for development, Is ownership of change im...

Is ownership of change important for development? Successful polices depend onto countries owning the process. When the economic reforms required for development are considere

Ignou assingment, Calculate point elasticity of demand for demand function ...

Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2

What is poverty, What is poverty? Poverty is a complicated multidimens...

What is poverty? Poverty is a complicated multidimensional model measured by using a range of indicators. It is about disparities into the distribution of power, opportunity a

What are the restrictions of dependency theory, What are the restrictions o...

What are the restrictions of dependency theory? The restrictions of dependency theory: • Self sufficiency and import-substitution strategy mean the advantages of Internatio

What causes migration, What causes migration? Rural-to-urban migration...

What causes migration? Rural-to-urban migration is a usual LDC experience. Those are migrates within search of better SoL, those are generally younger, less risk adverse and b

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd