When an activity has to be crashed, the following have to beconsidered:a) the inherent risks involved in crashing particular activitiesneed to be considered, as some activities are riskier to crashthan othersb) the timing of activities needs to be consideredc) crashing frequently results in overallocation of resourcesand impacts the morale and motivation of the project teamd) all of the above
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
When an activity has to be crashed, the following have to be
considered:
a) the inherent risks involved in crashing particular activities
need to be considered, as some activities are riskier to crash
than others
b) the timing of activities needs to be considered
c) crashing frequently results in overallocation of resources
and impacts the morale and motivation of the project team
d) all of the above
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