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Meaning of negative value of the correlation coefficient

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Question 1

Read the Managing Hard Rock's Rockfest case study. Which activities have a slack time of eight weeks or more? What are five major challenges a project manager faces in events such as this one?

Question 2

How are Gantt charts used in project management? What are their limitations?

Question 3

Explain in your own words the meaning of the correlation coefficient. What is the meaning of a negative value of the correlation coefficient?

Question 4

Read the Southwestern University (A) case study on page 95. If it is necessary to crash this project to 250 or 240 days, how would Hill do it and at what cost? Include your approach and describe your solution. As noted in the case, assume that optimistic time estimates can be used as crash times.

Course Textbook

Heizer, J., & Render, B. (2013). Operations management: Sustainability and supply chain management (11th ed.). Upper Saddle River, NJ: Prentice Hall.

Reference no: EM132827570

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