A busness is aunchng a new product. The aunch wil require a number of related actvties as follows hre (7 weeks) select an advertising agency (2 weeks), plan an advertising campaign wth the agency (4 weeks), products from the manufacturer (13 weeks) select distributors for the product (9 weeks), take initial orders from operation (12 weeks), pack enough products for the launch stock (8 weeks), order the launch quantty of the distrbutors (3 weeks), dispatch the initial orders to the distrbutors (2 weeks). (a) What is the earest time conduct the advertsing campaign (10 weeks), design the packaging of the product (4 weeks), set up packing a sales manager (5 weeks), requre the sales manager to recruit saes peope (4 weeks), tran the sales people that the new product can be ntroduced to the market? (b) If the company hre traned salesmen who do not need further training, coud the product be introduced 7 weeks earler? (c) How long could one delay selectng the advertising agency? In the example above, if the sales manager cannot be hired for 3 weeks, how will that affect the total project? n the previous example, f the whole project launch operaton
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.
A busness is aunchng a new product. The aunch wil require a number of related actvties as follows hre
(7 weeks) select an advertising agency (2 weeks), plan an advertising campaign wth the agency (4 weeks),
products from the manufacturer (13 weeks) select distributors for the product (9 weeks), take initial orders from
operation (12 weeks), pack enough products for the launch stock (8 weeks), order the launch quantty of
the distrbutors (3 weeks), dispatch the initial orders to the distrbutors (2 weeks). (a) What is the earest time
conduct the advertsing campaign (10 weeks), design the packaging of the product (4 weeks), set up packing
a sales manager (5 weeks), requre the sales manager to recruit saes peope (4 weeks), tran the sales people
that the new product can be ntroduced to the market? (b) If the company hre traned salesmen who do not
need further training, coud the product be introduced 7 weeks earler? (c) How long could one delay selectng
the advertising agency?
In the example above, if the sales manager cannot be hired for 3 weeks, how will that affect the total project?
n the previous example, f the whole project launch operaton s to be competed as rapdy as possible, what
activities must have been competed by the end of week 16?
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