Experience with project management

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Suppose you were trying to explain the critical ratio to someone who has no experience with project management such as a top executive who oversees your company. How would you explain it to him or her? Be sure to address the potential values for the ratios and what they tell you. Furthermore, suppose one of your current projects has a critical ratio of exactly 1.0. Is your project necessarily in perfect condition? What additional information might you need to make a better assessment of your project’s condition? Finally, since a critical ratio greater than 1 generally indicates a project in a favorable position, would you want your project to have a critical ratio as large as possible? Could a very large critical ratio indicate issues within the project? If so, what types of issues would you expect to find?

Reference no: EM131656107

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