An R&D manager told you that the statistical part of PERT seems complicated and perhaps too complex for scheduling R&D. What would your response be?
Answer to relevant QuestionsSuppose that a particular activity has a very high variance in a PERT chart. How would this affect the result? How is the Gantt chart used as a scheduling tool? When should the Gantt chart be used in preference to network-based methods? A plant start-up is based on the following network: a. Draw a network for this project. b. What is the project completion time? c. Identify the critical path. What is the appropriate role of inventory turnover as a measure for evaluating the management of inventory? Under what circumstances is high turnover detrimental to a firm? How should a manager decide the appropriate service level for finished goods items? Should some items have a 100 percent service level?
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