Explain the scoring method for project selection, Project Management

Assignment Help:

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 arrow
2. 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


Related Discussions:- Explain the scoring method for project selection

Customer value - measure for project management value, C ustomer value ...

C ustomer value There is a considerable debate within the business world on whether the companies will have to deliver value for the shareholders or the customers. There are m

Advantages of fms, Advantages of FMS Flexible manufacturing system...

Advantages of FMS Flexible manufacturing systems are regarded as one of the most efficient methods to employ in reducing or eliminating problems in manufacturing industrie

What work goes on previous to project start-up, What work goes on previous ...

What work goes on previous to project start-up? Before project start-up, work is required to establish the things and scope of the project. This is essential to establish the d

Saving culture and project development, student in project management reque...

student in project management request topic on saving

Project managment traffic lights, #questionhi i sent my assignment yesterda...

#questionhi i sent my assignment yesterday but havenot recieved any reply yet ..

How could appraisals be made successful in organisations, Question: Per...

Question: Performance Appraisal "Is the process of evaluating the performance and qualifications of the employees in terms of the requirements of the job for which he is emp

Define project evaluation review technique, Question 1: As a Business d...

Question 1: As a Business development Officer, how you will bring business to a CRO? Responsibilities and roles of Business development Officer in a CRO Method and Tec

Risk management , Introduction to Risk Management Let us begin with def...

Introduction to Risk Management Let us begin with defining Risk. Risk, is an integral part of the business scenario, and can be termed as a potential event that can have opport

Purpose of automated storage and retrieval systems, Purpose of Automated St...

Purpose of Automated Storage and Retrieval Systems The main purposes of installing ASRS are as follows: 1. Increase Storage Capacity : ASRS ordinarily  increase the  stora

What is the man-power planning, What is the Man-Power Planning? Man-P...

What is the Man-Power Planning? Man-Power Planning: Man-power Planning is the planning completed in relation to the man-power resources or the human assets of enterprise.

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