Using the data on the student data set for problem 8.5, create the project schedule in MS Project. Be sure to use both the predecessor relationships and the resource assignments. Use a split screen to show both the Gantt chart with critical path and resource assignments with overloads. The screen capture from MS Project is below.
Answer to relevant QuestionsWhat is the “time value of money” and why is it relevant to project management? Why is it important for assumptions to be listed in the cost estimate? List and briefly explain the eight common risk strategies that are used. Describe how you might use two or three of them together on a project. Identify and describe the steps of the PDCA model. Discuss the four areas of fact-based decision making.
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