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HW-1749 Operation Management Short Questions
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1.Discuss several techniques to reduce the risk of a cost overrun in a project.
2. Why do we use the Critical Path method? What is the common flaw in this technique that is hard to identify? How can you protect from this flaw?
3. Describe the elements of a matrix project. Elaborate on how this technique can be helpful and also how it can lead to confusion. How do you prevent the latter?
4.What is the implication of negative slack time?
5.What happens if managers close projects early for political reasons even though the project is not complete?
Answer will be sent by email as attachment.
2. Why do we use the Critical Path method? What is the common flaw in this technique that is hard to identify? How can you protect from this flaw?
3. Describe the elements of a matrix project. Elaborate on how this technique can be helpful and also how it can lead to confusion. How do you prevent the latter?
4.What is the implication of negative slack time?
5.What happens if managers close projects early for political reasons even though the project is not complete?
Answer will be sent by email as attachment.
