Reference no: EM13331741
1.The government spends a large amount of money each year on contracts. In fact, the federal procurement department spent over $425 billion in the fiscal year 2006 with over $33 million on Lockheed Martin Corporation alone. These projects are often known to have cost and schedule overruns.
Why would subcontractors for a government project want their activities on the critical path? Under what conditions would they try to avoid being on the critical path?
2. Forecasting is the art and science of predicting future events. Organizations are constantly creating forecasts for different uses within the organization. Besides setting production levels, what are some other uses of forecasts within the organization?
When an organization forecasts independent demand, it has the opportunity to take either an active role to influence demand or take a passive role and simply respond to demand.
In your opinion, under what circumstances would an organization choose to take an active or a passive role? Why? What strategies would supermarkets, airlines, hospitals, banks, and cereal manufacturers use to influence demand? Provide specific examples demonstrating why these organizations would choose such a strategy.
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Forecasting is art-science of predicting future events
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Government project want their activities on critical path
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