What does it mean to say that a project network is sensitive and why is that important to a project manager who needs to reduce the duration of his or her project?
Fill in the blank(s) with the appropriate word(s).
Answer will vary
A network is sensitive if it has several critical or near-critical paths. This is important because any delays on the critical path will delay the project. If a PM is reducing project duration, and the project is already sensitive, crashing could make it even more sensitive and the likelihood that the project will be delayed would rise.
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Departmental reports are least useful to company management for
a. planning purposes; b. control purposes; c. performance evaluation purposes; d. hiring temporary employees; e. goal-setting purposes.
You are offered a chance to buy an asset for $7,250 that is expected to produce cash flows of $750 at the end of Year 1, $1,000 at the end of Year 2, $850 at the end of Year 3, and $6,250 at the end of Year 4. What rate of return would you earn if you bought this asset?
A. 4.93% B. 5.19% C. 5.46% D. 5.75% E. 6.05%
____ should be aligned not only with overall organizational goals but also with the firm’s reward and compensation plan.
a. Collations b. Performance standards c. Corrective actions d. Hurdle rate
Kate recently learned to play golf. Last week, she decided to try a new golf course. She signed in to play and was given the keys to an electric golf cart without any instructions on how to operate it. After she drove the cart into a lake, she swore never to play golf again. According to Kate, "There are just too many things you have to know before you can become a real golfer." Two months later, the golf course manager called Kate and asked why she had not returned to play another game. Which service recovery strategy is being used in this example?
A. Make the service fail safe B. Use procedural fairness C. Treat customers proactively D. Learn from lost customers E. Encourage and track complaints