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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
Explain TWO strategies that a project manager might implement to address a project risk. Risk avoidance - this strategy would be 'exiting the method that is giving rise to
The banking sector provides a wide range of products and services to Retail and Business customers. Before making any product available to the customers, banks have to carry out ma
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
create a risk management plan for all the formulated risks on payroll project
Purpose of Automated Storage and Retrieval Systems The main purposes of installing ASRS are as follows: 1. Increase Storage Capacity : ASRS ordinarily increase the stora
What are the risk management strategies? Risk management strategies: • Retain the risk (Absorption) as like when the risk is small and won’t influence the project a great de
When you knew about an organisation’s strategy, that could you suggest IS applications which would support this? For illustration, how could a huge supermarket chain utilize inform
Q. Explain Feasibility Analysis and Product development process? Once the product concepts have been formed, the feasibility studies are conducted. This study involves the fol
QUESTION (a) Accurate estimation is crucial for effective planning and control and is associated with time, information, experience of estimator, techniques used and funding. D
P roject value The organisations add value to the business through the series of processes. Increasingly such processes are usually undertaken within the context of the projec
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