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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
To develop a new product from the given product ingredient. • explore new ideas for product development, • understand the concept of development of a process, • gain kno
Over the years, E has had a number of business successes in the building trade and property development. Her latest venture is to build a hotel in YX town. E has already gained the
What is the use of Gantt Charts as a tool? The use of Gantt Charts as a tool: This tool can be used to plan time scale for a project This tool can be used to approxima
Explain the incremental approach to testing represented by the orderly integration test. Integration test: The integration test is looking for to determine whether the mo
Explain the terms "product" and "work package" and describe how these are related to each other. A product is a particular deliverable from a project and this may also make a wo
Materials Management as an Operating Function : In small scale industries generally the function of materials management is considered subordinate to the production func
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
Notice how you would organise your project team for RAD-type project. What leadership practices would this need by the project leader and what would the team members have to perfor
External recruitment has certain merits: The selection of staff can be made from a much greater number of people. It brings individuals into the organization who have d
Disadvantages of FMS Limited ability to adapt to changes in product Substantial preplanning and capital Tooling and fixture requirements
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