What are some of the liabilities or risks of using pert

Assignment Help Managerial Economics
Reference no: EM132128401

Discussion:

Explore Applications of PERT and CPM in the Public or Non-Profit Organizations

PERT is typically used to manage very large projects. In terms of scale, think weapons systems, the development of interstate transportation infrastructure, the development of a new airport, space exploration, and the like. However, there is nothing that indicates PERT cannot be used to manage smaller-scale projects, as evidenced by the article about using PERT to manage the dissertation process or, in the case of this program, the professional administrative project.

CPM is a method project managers use to plan large-scale projects. Critical path analysis involves constructing detailed maps of tasks required to complete a project and reasonable time estimates for each task. The idea behind CPM is to measure and forecast research and development programs.

For this Discussion, you examine the use of PERT and CPM in practice.

To prepare:

Review the Learning Resources for this week focusing on PERT and CPM.

Post your answers to the following questions:

1. For what applications in government or non-profit organizations do you see PERT being particularly useful? What about CPM?

2. How does the PERT process lend itself to program evaluation beyond the initial project development phase of a program or policy?

3. What are some of the liabilities or risks of using PERT and CPM?

Assignment: Short Paper: Using PERT to Develop a Timeline of Events in Project Implementation

You may have some basic experience with PERT and not know it. If you have had experience in project management and used Gantt charts or network diagrams to break a project into manageable segments, you have started the PERT process. PERT goes one step further by applying a statistical method to better estimate time to completion. The process begins with determining the steps and sequences of steps a project requires. Some steps might occur concurrently; others need to be completed in a certain order. These steps include an estimate of the amount of time required to complete the task. Then, those steps are compiled into a Gantt chart or similar process, and often, the critical path (the sequence of steps) is highlighted. Finally, the chart is the basis for plotting a map of the processes and tasks involved.

This map is essentially a network diagram of the processes and steps involved in a major project.

To prepare:
Read the following scenario:

For this Assignment, you develop a preliminary timeline of events related to this scenario: You work for a regional transportation district, and voters have just approved a mill levy (property tax) increase to fund a light rail transportation system that connects the current system to a commercial airport located approximately 20 miles from the urban core of the city.

Develop a preliminary timeline of events that include estimates for critical steps in implementing this project.

Use a free, publically available PERT tool, such as the following (also located in the Learning Resources for this week) to help create the document.

Attachment:- Project Management.rar

Verified Expert

The solution talks about PERT and CPM, their advantages and disadvantages. Apart from that, it elaborates on how to create activities of events in a project using PERT and CPM

Reference no: EM132128401

Questions Cloud

Preferences with respect to your client product : Consumer tastes and preferences with respect to your client’s product.
How the lightning occurs in terms of electrostatic forces : Discuss this statement by first describing how the lightning occurs in terms of electrostatic forces and approve or disapprove the above statement
Are there any special challenges in the non-hospital setting : Describe how to improve productivity in non-hospital organizations e.g. American Heart Association.
The description is for product or process layout : Identify if the description is for a Product or Process layout (answer can be used more than once—1 pt each):
What are some of the liabilities or risks of using pert : For what applications in government or non-profit organizations do you see PERT being particularly useful? What about CPM
What are the current security considerations and challenges : Please elaborate your understanding about how RFID and NFC work. What are the current security considerations and challenges?
When an uncoordinated supply chain becomes coordinated : When an uncoordinated supply chain becomes coordinated, the supply chain sales increase.
Photos with effects during presentation and work : In Powerpoint, what is beneficial about the usage or Video, Audio, Animation, and Photos with Effects during presentation and work.
Write a response on the given discussion related to health : The health literacy issues among the vulnerable are many time lows. Patients within these populations are struggling to provide basic care and necessities.

Reviews

inf2128401

11/29/2018 2:33:35 AM

The assignment was done very well. I like that the work is done on time and it is prepared based on the instructions provided by my university. My professor marked it as competent. I will approach you sooner then later for my next couple of assignments.

Write a Review

Managerial Economics Questions & Answers

  Linear programming problem

Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.

  Demand, supply and the market equilibrium

The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.

  Supply and demand in professional sports

Draw the individual cost curves on one graph: marginal cost, average total cost, average ?xed cost, and average variable cost. Place costs ($) on the y-axis and quantity (Q) on the x-axis.

  Explain whether the firm will make economic profit

Explain whether the firm will make economic profit, In the short run and In the long run.

  Determine the official measure of the deficit

Determine the official measure of the deficit

  Coordination of the activities of a business

The organization and coordination of the activities of a business in order to achieve defined objectives.

  What is the profit maximizing number of gizmo widgets

What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.

  Determine autocorrelation function of a rectangular pulse

Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.

  Managerial economics assignment

Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Solve managerial economics questions

MGMT 3306: Solve the assignment problems, 1. Please answer the assignment questions in this docx file and save once you’re satisfied. Assignment 3covers the lectures slides for Week 6.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd