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

What does positive and negative npv indicate, Net Present Value (NPV) analy...

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, Explain the Gantt Charts in ri...

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

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

Create a 2-level wbs and apply project-management skills, A project to remo...

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

Use of both innovative approach in development process, Q. Use of both inno...

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

Pm, short note on partnering

short note on partnering

Different phases of a new product development, The banking sector provides ...

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

Discuss the project management knowledge areas, Question: (a) Project ...

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

Answer, summarise the argument for such a policy of partnering with a major...

summarise the argument for such a policy of partnering with a major supplier such as BAA and MACE HAVE DON HERE

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