XYZ Healthcare CEO: David Bland Industry: Small Healthcare supplier The company
ID: 434916 • Letter: X
Question
XYZ Healthcare
CEO: David Bland
Industry: Small Healthcare supplier
The company manufactures and distributes supplies for hospitals in the greater Miami-Dade area in Florida. Your CEO stopped by your office and thanked you for your work researching analytics. He has a board meeting next week and needs you to consolidate all of your research into a report. He'd like you to make a final recommendation on whether the company should start using analytics and if so, what platform and what data visualization software. Be sure to also outline the types of analytics and give examples. Please support your recommendations with the weekly research you've already done, along with images and any other materials. DO NOT paste together the weekly reports. You must prepare original content for this report.
Guidelines: Please follow APA guidelines for the paper: 3 pages, double-spaced, title page, 12-point Times New Roman font, one-inch margins, hanging indentions for works cited. Remember to include a References page that includes all references to material used in your paper. In-text Citations are also required in the body of your paper.
Explanation / Answer
Some of the main analysis tools that can be used for analytics are as follows .
Gantt chart
Schedule network analysis
Critical path method
Program evaluation and review technique
Schedule compression
Risk multipliers
Research Tools and techniques
• Gantt chart
This specific type of scheduling chart is horizontally plotted and each and every activity inside the project is shown in a form of a bar. Bar are prioritised depending on the specific task dependency as well as availability of resources. Bars can run in parallel or can be sequential. Bars plotted for the start of the date at the earliest. It provides a proper comparison to the plan when it was planned out.
• Schedule network analysis
Disc scheduling method is based on the graphical display which spans across the page creating a relationship with logic between each and every element of the specific work. It is done in a chronological order and goes from initial planning to the project completion. In this type of scheduling regular monitoring diagram is made to check the project's on track status.
• Critical path method
Critical path Method can be defined as a sequential string of activities which is responsible for taking longest time in a project for completion. The proper analysis of the dependency between two tasks in the sequence in a project or workflow can be analysed with critical path method technique.
Critical path method is usually determined by adding or all the specific time is given for each and every individual activities in which a specific project can be completed.
• Program evaluation and review technique
This is an advanced version of critical path method and differs from it while measuring the critical data. This specific technique allows better uncertainty and also obtained more samples as compared to the critical path method. The shortest time, longest time as well as most likely time is obtained for estimation of the critical time with the usage of the program evaluation and review technique.
• Schedule compression
With the help of crashing technique by using extra resources then it was usually plant for the task or job or tracking or adjusting the schedule for the specific mindfulness cost of the task dependencies are done in schedule compression. In this type of method more activities then the plant ones are done in the parallel time.
• Risk multipliers
Specific term is used to win a resource contingency for the specific jobs which are considered as a highly risky job inside a project management and provide support to the overall structure of the project.
• Research Tools and techniques
Levelling is one of the main technique which is used as a resource tool. By adjusting all the activities inside a project and to directly maintain and efficiently use the resources to obtain more critical activities. Just like the levelling, critical chain method is used to provide extra time do the project bye extending their start and end possible dates who's better resources. Resource histogram is a column chart that specifically tells about the resources which are used in a project over the time.
By using the above scheduling methodology as well as tools we can easily increase the level of implementation of different observational methods for the project or the organisational procedure. These specific tools provide extremely streamline structure for a project management scheduling. Efficiency and correctness of these specific tools are very good help the overall efficiency and productivity of the organisation is increased.
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