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Development of Bar Chart
The following are significant stages in developing a bar chart:
1)Breakdown: The project into its various activities or jobs or operations each representing management unit for planning and control.
2) Decide: The method to be employed in execution of the project as well as for each activity or operation or task also decide the sequence in which the activities are to be completed.
3) Assign: Duration of time for the completion of every activity. Once the activities are split and selection of method is made, it is possible to estimate the time needed for the completion of each activity.
4) Represent: The above information in the bar chart indicating the relative positions of each activity.
Briefly discuss benchmarking as process improvement tool. Explain six types of benchmarking and give four reasons why some businesses have failed to derive maximum benefit from it.
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