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Click on each question to check your answer.
1. What are the major benefits gained from the construction of the work breakdown structure?
The benefits are as follows: no crucial step is left out as the list of activities is explicitly presented; each team member knows which step they are accountable for; allows the team to recognize specific resource requirement. (p. 485)
2. What are the major features of the nodes on the critical path?
The earliest start time coincides with the latest start time for the nodes on the critical path. (p. 490)
3. What are the assumptions that we make when we extend the critical path method to the project evaluation and review technique?
Some of the activities of the project can be accelerated to minimize the completion time and the acceleration is a linear function of cost. (p. 491)
4. Explain briefly the role of slack plays in project management.
The difference between the earliest finish and latest finish is the slack for that activity. Activities that have zero slack are on the project’s critical path which indicates the efficient time needed to accomplish the project. (pp. 490-491)
5. What are the two popular method of operations research?
They are: the linear programming using the simplex method, and the queuing theory. Both mathematical techniques are applied to solve business problems with a view to achieving efficiency given the relevant constraints. (pp. 498-499)