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Step in Process Selection 1. Establish the process Selection: A preliminary decision regarding process can be taken from but it stand point of function, economy, appearance
Scenario: You are a member of the Project Review team for CK Software Services. At the next meeting, the team will discuss the scheduling for the new automated teller machine (ATM)
Need for safety 1. Cost Saving: Two type of costs are incurred by the management when an accident occurs. There are the direct costs in the form of compensation paya
Areas of key risk in Project Management Companies believe that the most critical risk they face is market or competitive risk. There are various other risks faced by organisati
Qualities by design tools that decrease total product development time utilize high powered software and the latest in desktop computers. The primary qualities by design to
Explain about the Break Even Analysis. Break Even Analysis: Break even Analysis means that at some point within the operations, total revenue equivalent to total cost. Break ev
What is the important role of planning in the management? Planning: Planning can be described as deciding in advance regarding the goals to be pursued through the enterpris
How are communication and coordination beneficial in project management software? Communication and coordination: Project software can give automatic report templates al
Q. Selection Criteria and importance of selecting the product? Biscuits are one of the most common bakery products eaten all over the world. They are the most easily available
What are the disadvantages of critical path analysis? Disadvantages of critical path analysis (CPA): a. Supposes a trade off among time and money but most staff cost coul
Line Balancing- Line: an assembly line composed of various work stations, at which particular operations are performed.- To work efficiently, with no work pile-ups between stations, the line must be balanced, for example work must get through each workstation in roughly similar amount of time.Goals:1. To meet production goals,2. Maximize output.General Approaches to Line Balancing Technique1. Estimating number of operators for a specific number of stations,2. Work element sharing: grouping “activities” each work elements into “stations” or jobs performed by a single person (occasionally multiple people work in concert at a single station or machine)
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