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Chapter 1: Q 10PE (page 22)
Means doing something at the lowest possible cost.
Efficiency means doing something for the least cost. It refers to the most efficient use of resources for the company to maximize profits. Effectiveness involves performing the proper things to maximize the company's worth.
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What are the underlying assumptions of minimum-cost scheduling? Are they equally realistic?
Describe the generic product development process described in the chapter. How does the process change for technology-push products?
What are the four major categories of projects based on the type of change involved?
A construction project is broken down into the following 10 activities:
Activity | Immediate Predecessor | Time (Weeks) |
1 | _ | 4 |
2 | 1 | 2 |
3 | 1 | 4 |
4 | 1 | 3 |
5 | 2,3 | 5 |
6 | 3 | 6 |
7 | 4 | 2 |
8 | 5 | 3 |
9 | 6,7 | 5 |
10 | 8,9 | 7 |
Match the following characteristics with their relevant project team organizational structures.
__________ The project is housed within a functional division of the firm.
__________ A project manager leads personnel from different functional areas.
__________ Personnel work on a dedicated project team.
__________ A team member reports to two bosses.
__________ Team pride, motivation, and commitment are high.
__________ Team members can work on several projects.
__________ Duplication of resources is minimized.
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