Day M T W Th F S Su Requirements 7 4 6 9 8
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.
Cara Ryder manages a ski school in a large resort and is try-
ing to develop a
receive little salary and work just enough to earn room and
board. They receive free skiing and spend most of their free
time tackling the resort’s notorious double black-diamond
slopes. Hence, the instructors work only 4 days a week. One
of the lesson packages offered at the resort is a 4-day begin-
ner package. Ryder likes to keep the same instructor with a
group over the 4-day period, so she schedules the instructors
for 4 consecutive days and then 3 days off. Ryder uses years of
experience with demand
to formulate her instructor requirements for the upcoming
month.a. Determine how many instructors Ryder needs to employ.
Give preference to Saturday and Sunday off. (Hint: Look
for the group of 3 days with the lowest requirements.)
b. Specify the work schedule for each employee. How much
slack does your schedule generate for each day?
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