Explain the time-cost optimization algorithm, Project Management

Assignment Help:

Question 1:

What do you mean by crash duration? Explain the Time-Cost Optimization algorithm

  • crash duration/crash time - explanation including figures 
  • Steps of 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


Related Discussions:- Explain the time-cost optimization algorithm

Principal problems of managing projects in organisation, What are the princ...

What are the principal problems of managing projects in a fully functional organisation structure? The major problems of functional organisations are to perform with what may b

Group technology or cellular manufacturing (cm) layout, Group Technology or...

Group Technology or Cellular Manufacturing (CM) Layout In group Technology /Cellular Manufacturing ( C M ) Machines are grouped into cells and the cells function somewhat like

Quantitative Methods, A2. Unfortunately, the Capital Investment Committee r...

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

Draw a control chart for the number of defects, Explain the concepts involv...

Explain the concepts involved in Product Layout and its advantages and disadvantages vis-a-vis process layout. 18 carpets were observed closely and the number of defects in thei

Human resource management in the public sector, Problem : "In the face ...

Problem : "In the face of daunting challenges, governments are compelled to develop a new style public sector with systems that foster innovation and the creative energy of sta

You are a Project manager at the Department of Public Works, Describe how y...

Describe how you, as a project manager in a Matrix Organisation, will set up your project r=team for the building of the community. Project team members names, and reason why they

Leadership - participative management, Leadership: Leadership behaviou...

Leadership: Leadership behaviours lead to  highly  motivated staff. Subordinates rely upon the leadership skills of their  superiors to  show them  how to achieve their needs

Where can i get help in project management, Q. Where can I get help in proj...

Q. Where can I get help in project management? There are several sources of help such as books educational programs active societies and the Internet. However why not just pick

Skills helpful in project and programm support office, What skills are help...

What skills are helpful when working in Project and Programme support office? The skills which are most helpful probably include in Project and Programme support office: a.

Project dess igne, think a project of your own and formulate a questionnair...

think a project of your own and formulate a questionnaire

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