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Question 1:
What do you mean by crash duration? Explain the Time-Cost Optimization algorithm
Describe how you can choose an appropriate forecasting model
• Guidelines for Selecting a Model for the Purpose of Forecasting• Performing a Residual Analysis• Measuring the Magnitude of the Residual Error Through Squared or Absolute Differences• Mean Absolute Deviation• Principle of Parsimony
Question 2:
a. Prepare a note on Graphical Evaluation and Review Technique
A Explanation of GERT
How GERT accommodates contingency of PERT
Describe the time-series smoothing
A Moving averages Exponential Smoothing
Show how you will forecast project cost at completion
Flow Charts Flow chart is the most familiar tool to understand processes. It is used to identify a sequence of events in a process. Using flow charts require six deliberate act
Give an example of demonstrating a network or critical path by given activity and duration. Activity Duration (Wks) Preceded by
Attempts by a country to help local producers by restricting international trade is known as protectionism.
The Delphi technique intends to attain a consensus evaluates by the efforts of a number of estimators. How is this attained and what is the advantage of the Delphi technique over,
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What is Project Portfolio Matrix? Choose three Projects A, Project B, Project C from any organization or where you are currently working as a Functional Manager. 1) Develop Project
The objectives of assignment are to determine what best practices apply to project implementation and close out, and to apply your individual knowledge of the quantitative topics t
What are the disadvantages of critical path analysis? Disadvantages of critical path analysis (CPA): a. Supposes a trade off among time and money but most staff cost coul
What are the disadvantages of top-down centralised approaches? The disadvantages top-down centralised approaches: Project budgets can be imposed by using top-down which is c
Laudon & Laudon''s Four-Step Problem-Solving & IS-Building Model and/or the Integrated Framework for Describing and Analyzing Information Systems to: investigate persisting busin
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