Creative Homework/Shofl Project Pick your favoriterestaurant. Identify two or three activity metrics andtwo or three outcome mettics that you believe therestaurant could use to better monitor and control itsperformance in the area of service. Explain why youbelieve each mettic selected is well suited for evaluating service performance (including why it is wellsuited to serve as an activity metric as opposed 10an outcome metric in this context). Identify as wellwhich of these metrics would most likely be easier totrack, and why
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.
Creative Homework/Shofl Project Pick your favorite
restaurant. Identify two or three activity metrics and
two or three outcome mettics that you believe the
restaurant could use to better monitor and control its
performance in the area of service. Explain why you
believe each mettic selected is well suited for evaluating service performance (including why it is well
suited to serve as an activity metric as opposed 10
an outcome metric in this context). Identify as well
which of these metrics would most likely be easier to
track, and why
Step by step
Solved in 2 steps
