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Programme evaluation and review technique (PERT) is a project management technique that employs three time estimates for each activity while Critical path method (CPM) uses only one-time factor per activity. However, both techniques deploy the same six basic steps. Describe and differentiate these steps.
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- Programme evaluation and review technique (PERT) is a project management technique that employs three time estimates for each activity while Critical path method (CPM) uses only one-time factor per activity. However, both techniques deploy the same six basic steps. Describe and differentiate these steps.Project managers use tools, such as Gantt charts and program evaluation and review technique (PERT) diagrams, to determine the appropriate actions to balance cost and schedule. Also, project managers must understand the effects of Gantt and PERT charts in the critical path methodology (CPM). You are presented with data to use while creating a critical path. Gantt and PERT charts and CPMs can be created and performed in Microsoft Excel; many project management software suites provide users with enhanced tools for simplifying these tasks. How you would advise a person or a company to use Gantt and PERT charts. Differentiate between the 2.Project managers use tools, such as Gantt charts and program evaluation and review technique (PERT) diagrams, to determine the appropriate actions to balance cost and schedule. Also, project managers must understand the effects of Gantt and PERT charts in the critical path methodology (CPM). You are presented with data to use while creating a critical path. Gantt and PERT charts and CPMs can be created and performed in Microsoft Excel; many project management software suites provide users with enhanced tools for simplifying these tasks Describe how you would advise a person or a company to use Gantt and PERT charts. Differentiate between the 2.
- Discuss the use of earned value management (EVM) in project analysis. How does it integrate cost, schedule, and scope performance for project assessment?Management & Science University (MSU) have appointed you as a project manager to conduct a Joint Application Design (JAD) session with members from various departments. As a project manager, you are required to develop a specific schedule for the tasks listed below. The estimated task duration for each shown in parentheses. First, you must contact and brief the participants and explain their responsibilities (1 day). Then you must obtain approval from their department managers (3 days). After you have obtained the approval, you can begin the two tasks where you can prepare the agenda for the JAD session (7 days) and arrange the meeting room (2 days) When the agenda is ready, you can start two more concurrent tasks which are preparing the information packets (4 days) and to create visual aids (8 days). When the meeting room is arranged and information packets are ready, you can send out an email to all participants (1 day). Finally, after the e-mail is sent to participants and the…Roger Ginde is developing a program in supply chain management certification for managers. Ginde has listed a number of activities that must be completed before a training program of this nature could be conducted. The activities, immediate predecessors, and times appear in the accompanying table: Activity Immediate Predecessor(s) A (BCDEFG This exercise contains only parts b, c, and d. b) The critical activities for the leadership training program development project are c) The project length for the leadership training program development project = d) Slack time for each of the activities is: days. B A, D с E, F Activity A B CDEFG Slack Time Time (days) 3 GANGG 5 2 10 4 8
- Due to complexity of the project, there is the need to use ‘network analysis’, what is it?CEPS planned for a major project to understand the readiness of the college to conduct online learning. The readiness involves assessing to what degree are faculty, technology infrastructure and students ready for effective online learning. How can the success of this project defined?How is Project Planning, Scheduling, and Controlling is managed by the OM manager?
- Why is earned value management (EVM) not utilized more frequently? Describe how it may be used to manage expenses and gauge project effectiveness. What are some broad guidelines for judging the quality of figures for cost variation, schedule variance, cost performance index, and schedule performance index?Project Scope Management Khan, (2006) (see below) states that, "Managing the scope of a project is the most important function of a project manager ... Effective scope management of a project also ensures the success of key completion areas, including time, cost, and quality. Project scope management can be further subdivided into its components which include: project initiation, scope planning, scope definition, scope verification, and scope change control." Based on your Integrated Project: Select two of the subdivisions above and discuss the primary issues that could arise from the process. Your response should begin with a definition of the selected subdivision before detailing the selected processEarned value analysis is the project management tool that is used to measure project progress. You are a project manager in company XYZ that responsible to handling the packaging machine project with the total cost budgeting is RM100,000. There are including RM24,000 (Design), RM60,000 (build) and RM16,000 (install & test). The information regarding on the project progress development in weeks 8 as shown in Table 2 below: No Type Cumulative Budgeted Cost (CBC) 2 Cumulative Actual Cost (CAC) Cumulative Earned Value (CEV) 1 3 TOTAL RM i. ii. iii. iv. 64,000 68,000 54,000 100,000 Percentage 64.0 Cost performance Index (CPI) [hint: CEV/CAC] Cost variance (VC) [hint: CEV-CAC] 68.0 54.0 a) Based on question 2(a), calculate and elaborate the various of indicators of cost performance for this project based on the respective below: 100.0 Forecasted cost of completion (FCAC) with action taken [hint: TBC/CPI] Forecasted cost of completion (FCAC) without any action taken [hint: CAC + [TBC-CEV]