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Explain how the techniques of PERT (Project Evaluation and Review Technique), scenario planning and buffering could be used in project management with specific reference to the time scale aspect of the new training centre project.
PERT
This can be used to conquer the uncertainties over times taken for individual activities in a network diagram. Unless a same project has been undertaken before then timings set for every activity can be very uncertain. The method is designed to account for uncertainty in the project lifecycle.
Each task is assigned a time:
These estimates are then changed into a mean time and standard deviation which means it is possible to establish the duration of the new training centre project using the usual times, but also to calculate a contingency time allowance.
Disadvantages of Product Layout - Heavy capital Expenditure This layout requires heavy capital investment in machines and equipment and for providing specialized facilities to
What are the pros and cons of a ‘pure’ project organisation compared along with a project operating into a matrix structure? A ‘pure’ project organisation comprises into itself
how to manage the parts?
Do you think Acorn’s solution was good? Why or why not?
The Board of PCC Company, which operates in the investment and risk management industry, has explained that in order to 'take the company to the next stage of its growth' there wil
Location Models or Methods Factor rating system Factor Rating System are perhaps the most widely used of the general location techniques because they provide a mec
Question 1: (a) What is a TNA, and why is it conducted? (b) What are the key stages to conduct a Training Needs Assessment? (c) Having undertaken an organization-wide TNA
explain dimensions for project manager.
Question: a) ‘Changes in the competitive environment in which majority of organisations operate has necessitated a major rethink of the ways in which projects are managed'(Harv
Organizing Which is the process of grouping resources and activities in a logical fashion. The function of organizing involves: grouping similar activities together (depa
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