Question

In: Operations Management

Explain the risks associated with leveling resources, compressing or crashing projects, and imposed durations or “catch-up”...

Explain the risks associated with leveling resources, compressing or crashing projects, and imposed durations or “catch-up” as the project is being implemented.

Solutions

Expert Solution

Risk associated with the Resources Levelling is when the resources requirement exceeds the supply, then to reduce the peak requirement within the float range of activities without increasing the Project duration. whenever there is a excess resources, it should be shift elsewhere in such a way to maximize its utilization. Delaying non critical activities has the potential to delay overall project and may affect critical path Activities.

Risk Associated with Compressing , in which there are chances of missing the two or more Activities by adding more resources to minimise the project.  Crashing Project; is to create the strategy of time crashing, with optimum resources and with least possible crashing cost. there is a risk of adding resources to the critical to finish the Project earlier but this way the Quality may Affect and involves more cost.

Risk associated with Imposed Duration is if the Actual budget may exceed the Expected Budget because Bottom level of Management does not appreciate the Data come from top.

Catch up risk is when the Resources ( Employees) are overutilized or Exhausted for over using them , if the project is running Behind.


Related Solutions

Discussion: Managing Risks Associated with Compressing the Project Schedule What are the options for the project...
Discussion: Managing Risks Associated with Compressing the Project Schedule What are the options for the project team when it becomes clear from the network/PERT diagram and critical path that the project is scheduled to take longer than the sponsor and senior stakeholders expect? This is a common situation and it is important for project managers to prepare themselves to address this situation and systematically consider the options. We will start our schedule compression analysis with the assumption that all the...
explain audit risks associated with external auditor
explain audit risks associated with external auditor
Explain the risks and benefits associated with holding inventory
Explain the risks and benefits associated with holding inventory
Financial investment analysis is a projects of future cash flows with (often) significant risks associated with...
Financial investment analysis is a projects of future cash flows with (often) significant risks associated with the projections. Investigate and discuss how project risk can impact the financial decisions made with cash flow analyses. What are the methods to consider project risk? Discuss the methods which are best for the variety of financial project options. Explain in detail ?
Explain the risks associated with investing in Corporate Bonds, are they the same risk as for...
Explain the risks associated with investing in Corporate Bonds, are they the same risk as for Government Bonds? Why does a bond’s face or par value differ from its market value? Why is the Required Return such an important concept in finance? Explain the efficient markets hypothesis and why it is important to share prices Describe what is meant by systematic risk and unsystematic risk. How is this distinction related to an investment’s beta? Estimate an investor’s required rate of...
Fact: there are always costs associated with imitating resources and capabilities. a. Fully explain why socially...
Fact: there are always costs associated with imitating resources and capabilities. a. Fully explain why socially complex resources and capabilities are costly to duplicate by competitors. In fact, these types of resources and capabilities might not be subject to duplication at all. b. Using one (1) specific business example (real or fictitious) of a situation where socially complex resources and capabilities exist, illustrate how possessing these unique resources and capabilities can specifically translate into a positive impact on performance.
Explain the nature of the externality associated with common pool resources (like open ocean tuna, clean...
Explain the nature of the externality associated with common pool resources (like open ocean tuna, clean air, and fresh water). use a graph to illustrate the tragedy of commons.
Explain the nature of the externality associated with common pool resources (like open ocean tuna, clean...
Explain the nature of the externality associated with common pool resources (like open ocean tuna, clean air, and fresh water). use a graph to illustrate the tragedy of commons.
Explain the nature of the externality associated with common pool resources (like open ocean tuna, clean...
Explain the nature of the externality associated with common pool resources (like open ocean tuna, clean air and fresh water). Use a graph to illustrate the tragedy of commons.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT