Forward planning and critical path, Financial Management

Assignment Help:

a) Critical Path: A, B, E and F. Project completed in 11 weeks.

1433_Forward planning and Critical Path.png

Subtract one mark for each error made. Maximum marks can only be awarded if the candidate explicitly indicates the critical path (either on the diagram or written out).

b) Any two reasons explained in the context of SJC warrants maximum marks. These might include:

• It encourages forward planning at SJC, i.e. managers need to consider the different aspects of the construction project in order to complete it in minimal time

• Since CPA provides a visual stimulus, it is easier for people to interpret the logistics of the plan in order for the construction project to run more smoothly.

• It identifies the shortest time in which the construction project can be completed so that the buyer will have the house completed on time.

• CPA can help SJC to control costs more effectively by identifying when certain activities can start and how long certain tasks should last.


Related Discussions:- Forward planning and critical path

Total cost of operating the business, Joe's ice cream stroe has to decide w...

Joe's ice cream stroe has to decide whether to shut down this winter or stay open. His projected revenue is $1,200 per week. He has fixed costs (Mortgage, taxes, insurance, etc.) t

Chi square test as a test of independence, Chi Square Test as a Test of Ind...

Chi Square Test as a Test of Independence In real life decision making, managers often have to know whether the differences between the proportions observed from a number of sa

Approaches, Briefly discuss the three approaches to the short-term financin...

Briefly discuss the three approaches to the short-term financing problem and provide relevant examples of each?

Have large bank holding companies increased market share, Have the large ba...

Have the large bank holding companies increased their market share at the expense of smaller institutions? A: No. A study conducted by the Federal Reserve Bank of New York reve

Explain the bird in the hand theory of cash dividends, Explain the bird in ...

Explain the bird in the hand theory of cash dividends. The bird in the hand dividends theory states that dividends received now are better as compared to a promise of future divi

Case study, Suggestion regarding Credit limit. Should it be approved or not...

Suggestion regarding Credit limit. Should it be approved or not, what should be the amount of credit limit that electronics give to Booth Plastics.

Advantages of floating rate notes, Advantages of Floating rate notes: W...

Advantages of Floating rate notes: We know that the coupon rate is fixed for fixed rate bonds and that throughout its tenure the investor receives coupons at a predetermined in

Inventory is sometimes thought of as a necessary evil, Inventory is sometim...

Inventory is sometimes thought of as a necessary evil.  Explain. Inventory ties up funds and these funds aren't earning an unambiguous return.  Some inventory is habitually nec

Declaration of auction results, Typically, there exist two type...

Typically, there exist two types of bids in the treasury auction process. They are: Competitive bid and non-competitive bid. A non-competitiv

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd