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Illustrates the Project Evaluation and Review Techniques?
PERT (Project Evaluation and Review Techniques):
The technique of PERT helps provide better time evaluation for a project, by accounting for the uncertainty while predicting task durations. When a demonstration, the project manager could evaluate the worse, best and most possible duration of time for every activity and then find out an ‘average’ completion time. It can be undertaken by assigning possibilities to the three estimates and computing an ‘expected value’. The average time of every activity would in that case be used to configure the elapsed time of that project.
Project Management Functions Let us now discuss the project management functions. Project management process consists of five core functions to utilise resources to accomplish
The Head of Insurance at JKL Bank has been considering how to make efficiencies in the operation of the Car Insurance Business Unit. One option under consideration is to outsource
Disadvantages of FMS Limited ability to adapt to changes in product Substantial preplanning and capital Tooling and fixture requirements
Submit all required artefacts necessary to achieve the ‘Life Cycle Objectives Milestone' (LCOM). These are: A Vision document setting out the business objective and business cas
What do you mean by the term dependency? How can project dependencies be shown for planning reasons? Dependency arises when, for illustration, task or deliverable 'A' should be
Illustrate the term Industrial Relations briefly? Industrial Relations (IR): Industrial Relations are that aspect of management that deals along with the manpower of the e
Research Process: Research process consists of a number of closely related activates. But such activities overlap continuously and do not follow a strictly prescribed sequence.
What does have in the project management software? Project management software: Project management software onto the market today comprises Lotus Notes / Domino or Micros
The international organization for standardization ( ISO) is the specialized international agency for standardization and at present comprises the national bodies of 91 c
QUESTION (a) Feasibility Study is a preliminary study undertaken before a real work of a project start what factors should the project manager take into consideration while con
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