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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
After analyzing the three models, and comparing all three using a paired-t test, we found out that the results of the modifications to the base model were statistically significant
The steps to create a run chart are: 1. Identify the process to be observed: Ensure that the process involves some kind of repeatable activity in which results remain consis
Determine elapsed time of critical path when The critical path is given by points BCFG and the elapsed time 17 weeks. There D can over running by up to 3 weeks without
What type of symbols used to create a network diagram? Symbols used to create a network diagram are as illustrated: An arrow is utilized to represent each activity or even
Bidding is a process in which you quote money in exchange of goods or services through an auction. They are two types of auctions: open auction and silent auction. In an open auc
MPMM has adopted best practice terminology to make sure that organizations communicate effectively whilst managing projects. Within the Glossary you will search definitions for all
The followings is a list of some of the common pitfalls to avoid if an organization is considering implementing quality by design: 1. Team members should be assigned to
M is a business that sells custom made computer-based information systems. Every customer order is for a unique system, which will contain experts from many functional areas within
Problem 1: Describe the seven Baldrige criteria 1. Leadership 2. Strategic planning 3. Customer and market focus 4. Measurement, analysis and knowledge management 5. Human r
What are the processes of producing budgets? The process of producing budgets: • A budget manual is formed to provide instructions, delegate responsibilities, reporting line
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