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Question:
(a) "CPM and PERT are two techniques widely used in project management." Under what conditions is each one of them used ? Illustrate your answer with examples.
(b) Why project managers should understand the environment in which a project takes place ?
(c) Lovely cosmetics Ltd intends to undertake a redesign of a product and its associated packaging. The list of activities have been identified with associated duration and precedence relationships. These are shown in the table on the next page.
(i) Draw a network for the project.
(ii) Calculate the earliest start time, earliest finishing time, latest start time, latest finishing time and float for each activity.
(iii) Identify the critical path and calculate the project completion time.
(iv) If activity G is delayed by 2 weeks, what will be its impact on the overall project completion time?
How would you go about developing a risk matrix? Give an example of the kinds of factors that should be evaluated.
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With the realities of today's technological innovation and the realities of the current economy, competitive advantage only exist for a short time and are quickly outdated. Agree o
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