Following the project defining and organizing phase, project planning involves five steps. List and briefly describe these five planning steps as applied to writing a term paper for an Operations Management class
What will be an ideal response?
The following points should be included in the best answers: 1. Define the work breakdown structure: develop a list of all work to be completed on the project; 2. Diagram the network: develop a PERT/CPM diagram showing all activities and precedence requirements for the project; 3. Develop the schedule: define the project's critical path, duration, and earliest and latest start and finish times for each activity; 4. Analyze cost–time trade-offs: determine normal time and costs for the project, as well as crash time and costs; using project crashing techniques, find a minimum cost schedule for completing the project; 5. Assess project risks: develop a risk management plan, including such areas as strategic fit, service/product attributes, team capabilities and operations risks.
You might also like to view...
Choose the correct verb in parentheses. I (should, would) be glad to serve on the task force
Students arrive at a university business library during peak evening hours at a rate of 40 students every half hour. Each student stays an average of two hours. On average, how many students are in the library at any one time?
A) greater than 120 students B) greater than 80 but less than or equal to 120 students C) greater than 40 but less than or equal to 80 students D) less than or equal to 40 students
Major medical insurance:
A) always provides the same benefits as basic medical, but has higher limits B) is designed for low income consumers C) is sold only to groups D) has a high limit of coverage
Which of the following statements is true of the different types of stress?
A. Distress cannot have debilitating effects. B. Eustress is negative in nature. C. Distress presents an opportunity for personal growth. D. Eustress pushes people to higher performance.