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Question 1:
Explain the Scoring Method for project selection
a) Un-weighted 0-1 factor method and Weighted factor scoring method
b) Show the algorithm for solving the shortest-route problem
Step 1 - Prepare a master list Step 2 - Mark the source Step 3 - If the newly marked node is the sink, go to Step 5. If not, go to Step 4.Step 4 - Suppose all marked nodes having un-circled branches Step 5 - Z* is the value assigned to the sink. A minimum-cost path is obtained recursively,
Question 2:
Describe the rules for network construction. Show PERT method of project planning
Rules for the construction of a network -1. Each activity is shown by one arrow2. Each activity must be identified by its starting and end node 3. Nodes are numbered.4. Between any pair of nodes, there should be one and only one activity; 5. Arrows should be kept straight 6. Rules for the logical sequence (or inter-relationship) between activities PERT
• Explanation• Steps in the PERT Planning Process• Benefits of PERT• Limitations of PERT
o Is the business problem that the project addresses clearly defined? o Is the list of stakeholders (ie people affected) by the project complete and correct? o Is the scope o
How to determine which project have larger net benefit between two projects
what is project valuation?
Explain how resource allocation can impact an organisation?
Task 1- Group powerpoint with 1000 word individual assignment You will be allocated to a group. You are part of a global electronics company that has offices in Germany, Paris, Ind
What are the Advantages of Division of Labour? Advantages of Division of Labour: As very similar worker does the same work frequently:- a. It gains proficiency and ski
i) Explain the project management control technique called earned value analysis and illustrate the fundamental concepts. Justify your answer. ii) Determine the progress and
The primary benefit of implementing quality design techniques is a significant decrease in time to market. Other benefits of quality by design techniques are: 1. Faster
How must be the downward communication from the superior to the subordinate? There formal communication in between subordinate and superior, here the superior sends directions
Need to get critical analysis of the Document, Project Management Body of Knowledge 1996 by the Standard committee of the PMI 8 pages. how much would this cost?
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