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Question 1:
What do you mean by crash duration? Explain the Time-Cost Optimization algorithm
Describe how you can choose an appropriate forecasting model
• Guidelines for Selecting a Model for the Purpose of Forecasting• Performing a Residual Analysis• Measuring the Magnitude of the Residual Error Through Squared or Absolute Differences• Mean Absolute Deviation• Principle of Parsimony
Question 2:
a. Prepare a note on Graphical Evaluation and Review Technique
A Explanation of GERT
How GERT accommodates contingency of PERT
Describe the time-series smoothing
A Moving averages Exponential Smoothing
Show how you will forecast project cost at completion
Net Present Value (NPV) analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflow and outflow to the
Explain the Gantt Charts in risk management. Gantt Charts: By Henry Gantt a time chart devised into 1917s, an American engineer. This chart is a horizontal bar chart ut
A2. Unfortunately, the Capital Investment Committee refused to approve your recommendation (Problem 1) since you did not consider the uncertainty inherent in these types of investm
A project to remodel an office area has the following activities. (Hint: You will need to build an AIB diagram, perform a forward pass, and perform a backward pass to answer this q
Q. Use of both innovative approach in development process? There are many major aspects that will sway the future trends in the development of new products. In the new millenn
short note on partnering
The banking sector provides a wide range of products and services to Retail and Business customers. Before making any product available to the customers, banks have to carry out ma
Question: (a) Project Integration Management refers to the integration of the nine knowledge areas and project phases involved in coordinating project activities to ensure th
Critique of two project management tools
summarise the argument for such a policy of partnering with a major supplier such as BAA and MACE HAVE DON HERE
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