Explain the scoring method for project selection, Project Management

Assignment Help:

Question 1:

Explain the Scoring Method for project selection

a) Un-weighted 0-1 factor method and Weighted factor scoring method

b) Show the algorithm for solving the shortest-route problem

Step 1 - Prepare a master list
Step 2 - Mark the source
Step 3 - If the newly marked node is the sink, go to Step 5. If not, go to
Step 4.
Step 4 - Suppose all marked nodes having un-circled branches
Step 5 - Z* is the value assigned to the sink. A minimum-cost path is obtained recursively,

Question 2:

Describe the rules for network construction. Show PERT method of project planning

Rules for the construction of a network -
1. Each activity is shown by one arrow
2. Each activity must be identified by its starting and end node
3. Nodes are numbered.
4. Between any pair of nodes, there should be one and only one activity;
5. Arrows should be kept straight
6. Rules for the logical sequence (or inter-relationship) between activities PERT

• Explanation
• Steps in the PERT Planning Process
• Benefits of PERT
• Limitations of PERT


Related Discussions:- Explain the scoring method for project selection

5. Reduction in Length of Stay for Heart Failure & Shock Pat, ABOUT THE CAS...

ABOUT THE CASE STUDY. This explains about the case study in general, its purpose, the problem identified, and the proposed solution (500-word count) V. PROJECT MANAGEMENT INTEGRAT

Effective project control, Project control processes cannot be overemphasis...

Project control processes cannot be overemphasised in their significance to the success of a project. The project manager must continually take a pro-active approach in controlling

Degree of customer contact, Degree of Customer Contact The extent to w...

Degree of Customer Contact The extent to which customers get involved in the production system has important implications for the design of production processes. In custom bui

Explain the different service delivery gaps, Question: (a) The findings...

Question: (a) The findings of Parasuraman et al have demonstrated that there are gaps in the service delivery leading to several misunderstandings between customer expectations

Project cost management, Your project sponsor has asked you and your team t...

Your project sponsor has asked you and your team to refine the existing cost estimate for the project so that there is a solid cost baseline for evaluating project performance. Rec

Tool of total quality improvement, Question: As the Managing Director o...

Question: As the Managing Director of your organization, you have been analyzing other institutions that you regard as competitors. Extrapolating your current position up to t

Reporting style, The Integrated Management Project is not intended to be an...

The Integrated Management Project is not intended to be an academic research report and the markers will not normally expect inclusion of a literature review or hypothesis testing.

Six sigma, doing research for six sigma

doing research for six sigma

What is a project life cycle, Q. What is a project life cycle? If a pro...

Q. What is a project life cycle? If a project is well prearranged it will progress logically through several phases. There are four standard stages to a typical project. The fi

Write Your Message!

Captcha
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