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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 earliest start or earliest finish without delaying the project. Slack in project scheduling, also known […]
1.Consistent framework 2.Shows interdependences 3.Shows when resources are needed 4.Ensures proper communication 5.Determines expected completion date 6.Identifies critical activities 7.Shows which of the activities can be delayed 8.Determines start dates 9.Shows which task must be coordinated 10.Shows which task can be run parallel 11.Relieves some conflict 12.Allows probabilistic estimates Register & Download PDF for Educational Purposes […]
•The schedule network is a graphical display (from left to right across a page) of all logical interrelationships between elements of work — in chronological order. •This order is from initial planning through to project closure. •As the project progresses, regular analysis of this network diagram is a check to ensure that the project is […]
A project budget is the total projected costs needed to complete a project over a defined period of time. It’s used to estimate what the costs of the project will be for every phase of the project. If you had a bigger budget, you could probably get more people to do your project more quickly […]
Sensitivity Analysis is also called what if analysis , it is the assessment of impact for an output of a system by changing its inputs. Sensitivity analysis focuses analysing the effects of changes in key variables on the project’s IRR or NPV, the two most widely used measures of project worth. In the economic analysis […]
The United Nations Industrial Development Organization (UNIDO) project life cycle consists of four phases: Identification, Formulation, Implementation, and Evaluation. In the Investment Phase, which is a part of the Implementation phase, the project plan is executed. During the Investment Phase, the project is fully funded and the project team begins to implement the plan. This […]
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 you to plan, schedule, track progress, and analyze the performance of your project. The application […]
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 project planning: Project planning refers to everything you do to set up your project for […]
Social Cost Benefit Analysis (SCBA) is a tool used to assess the social, economic and environmental costs and benefits of a proposed project. The purpose of SCBA is to help decision-makers assess the true impact of a project on society as a whole, rather than just its impact on individual stakeholders or groups. In SCBA, […]
An economic analysis of an urban infrastructure project would involve assessing the costs and benefits of the project in order to determine whether it is financially feasible and likely to provide a positive return on investment for the government, investors, and the community as a whole. The costs of the project would include the initial […]