What is “slack” and why is it important?
Describe the advantages of starting a business as a team and define drawbacks.
August 4, 2017Describe three key inputs (or factors of production) and fixed and variable costs involved in the production of your chosen product or service.
August 4, 2017Assignment 2: Dropbox Assignment
Project Scheduling and Budgeting
Solve the following problems using textbook:
- Click here to view the network diagram. Using the diagram, find:
- The critical path.
- How long it will take to complete the project?
- How does simulation determine the probabilities of various project completion times?
- What is “slack” and why is it important?
- Why is activity-on-arrow (AOA) or activity-on-node (AON) of significant value to the project manager?
- How is the uncertainty in project scheduling dealt with?
- Should the critical path activities be managed differently from noncritical path activities? Explain.
Please provide your answers in a 3- to 4-page Microsoft Word Document.
Support your responses with examples.
Cite any sources in APA format.
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