Assumptions gathered from past data-surveying stakeholders

Assignment Help Operation Management

Reference no: EM132246119

Timelines for each activity and task are based on assumptions gathered from past data and surveying stakeholders. Chadukiewicz (2006) used Benjamin Franklin's phrase "Time is Money" which is applicable to the topic of direct and indirect time spent on a project. Although we tend to focus more on the cost of workers and capital items, the indirect cost of travel or even waiting for one task to end before another can begin cost as well. The lag time can add or decrease project time based on how assumptions made during the detailed scope documentation phase. In one way or another the "time is money" theory connects to each of the points made. What are your thoughts?

Reference no: EM132246119

Questions Cloud

The federal Fair Debt Collection Practices Act : The federal Fair Debt Collection Practices Act (FDCPA) is designed to shield debtors from which of the following practices?

Create a powerpoint presentation on a legendary figure : Create a PowerPoint presentation on a legendary figure, place, item, or event from world literature (1600 CE or earlier).

Compare organizational culture of both companies : Analyzing the organizational culture of your current or past employer. If you have worked more than one job, compare organizational culture of both companies.

Describe the risk management documentation for the project : Identify and describe the risk management documentation that will be required for the project. Examples include RMP and risk management log or register.

Assumptions gathered from past data-surveying stakeholders : Timelines for each activity and task are based on assumptions gathered from past data and surveying stakeholders.

Describe firm you think has been highly innovative : Describe a firm you think has been highly innovative. Which of the four types of innovation – radical, incremental, disruptive, or architectural – did it use?

Using Market Research to Redefine the YMCA : Depending on the meanings that people embrace, the charitable organization sometimes struggles to achieve its mission and goals.

Evaluate the control chart and process metrics : Evaluate the control chart and process metrics using Statistical Process Control (SPC) methods. Evaluate whether the process could benefit from the use of Six.

Analyze various organizational systems : After completing your stakeholder analysis and developing your stakeholder register, you started working on your next project, which will be to develop.

User Account

All Pages