PLEASE SOLVE ALL. SHOW WORKING FOR CALCULATIONS overhall. The fim is most likely

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PLEASE SOLVE ALL. SHOW WORKING FOR CALCULATIONS

overhall. The fim is most likely hs just begun to use network analysis to facilitate its factory pany has just begun to use network analysis to facilitate its factory is most likely to use a. Gantt charts CPM. c. PERT d. Event charts e. Precedence diagrams Before a project starts, management decides how the project will be organized. The types of project 53 organizational structures are: a. functional, process and fixed position b. pure project, fixed position project, project, matrix project c. pure project, functional project, matrix project d. critical path scheduling, planning and control e. planning, scheduling and control 54.The path is the most time consuming path through a network. a. essential b. critical c. slack d. mandatory c. project The optimal order quantity for a firm is determined by analyzing: a. Inventory levels b. waiting times c. total revenues d. total stocking costs e demand levels 55. In a PERT network diagram, most likely, optimistic, and pessimistic time estimates are combined to compute the a. project time b. expected time c. critical time d. slack time e. average time 56. The critical path is unique in that it has no a. events 57 b. activities c. direction d. slack time e. precedence relation

Explanation / Answer

54. Answer- Precedence Diagrams. This is a tool which is used for constructing a project network diagram which shows all the activities in the project plan.

53. Answer- C. Pure project, functional project, matrix project. A structure for organizing the project on which the team can work full time, a structure where team members are assigned different functional units and the manager decides the tasks which needs to be performed in the project.

54. Answer- Critical. The Critical Path is the most time consuming path through the network. Critical Path is the longest sequence of activities in a project which needs to be completed on time for the completion of the project on time.

55. Answer- A Inventory Levels. These are used by the manager’s to determine the optimal order quantity of a firm as these are directly related to the sales of the product.

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