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The Slack time for an activity is the time between its earliest and latest start time , or between its earliest and latest finish time. Float  or Slack is the amount of time that an activity can be delayed past its […]

Project scheduling techniques are used to plan, execute, and monitor the progress of a project. Two commonly used project scheduling techniques are Microsoft Project and Gantt charts. Microsoft Project is a software application that is used to manage projects, allowing […]

Project planning involves a series of activities aimed at defining the objectives of a project, identifying the necessary resources and tasks, and creating a roadmap for achieving the desired outcomes. The following are some of the key steps involved in […]

A Work Breakdown Structure (WBS) is a visual representation of the tasks, activities, and subtasks required to complete a project. The WBS breaks down the project into smaller, more manageable parts, which can help in estimating the time, effort, and […]

Demand forecasting is an important part of market and demand analysis, as it provides critical insights into the potential demand for a product or service over a specific time period. Naïve forecasting models are a type of demand forecasting model […]

Net Present Value (NPV) is a financial appraisal technique that is commonly used in investment and project analysis to evaluate the financial profitability of an investment or project. It calculates the present value of the future cash inflows generated by […]

Financial appraisals are an important aspect of project management, as they involve assessing the financial feasibility and potential benefits of a project. Financial appraisals typically involve a number of key steps, including: Overall, financial appraisals are critical to ensuring that […]