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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 arrow2. 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
The Head of Insurance at JKL Bank has been considering how to make efficiencies in the operation of the Car Insurance Business Unit. One option under consideration is to outsource
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WHAT IS DISCRETE ASSIGNMENT AS ACCOUNTS OFFICER?
Q. What is a task manager? Terminology in the project business is extremely confusing. Different people as well as different organizations use different names to mean different
Uses and Benefits of RBS The main uses and benefits of the RBS are outlined in this section. Risk identification aid Risk Breakdown Structure is used as a list that
Suppose you are the project manager of a new management accounting system which will give monthly profit and loss accounts to a series of 30 computer dealerships, each of this is f
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