Ron Satterfield's excavation company uses both Gantt scheduling charts and Gantt load charts. Today, which is the end of day 7, Ron is reviewing the Gantt chart depicting these schedules: Day Job #151 was scheduled to begin on day 3 and to take 6 days. It got started on time and is 1 day ahead of schedule. Job #177 was scheduled to begin on day 1 and take 4 days. It is currently on time. Job #179 was scheduled to start on day 7 and take 2 days. It actually got started on day 6 and is progressing according to plan. Job #211 was scheduled to begin on day 5, but missing equipment delayed it until day 6. It is progressing as expected and should take 3 days. Job #215 was scheduled to begin on day 4 and take 5 days. It got started on time but has since fallen behind 2 days. Job 12 34 56789 10 11 151 177 This exercise contains only part a. 179 a) Add the actual progress to the Gantt schedule shown on the right (on which the planned timings have been already plotted). Using the line drawing tool, plot the actual progress showing the actual start and the expected finish on top of (overlapping) the dashed line provided for each of the tasks. 211 215 Now
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.
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