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92RESOURCE MANAGEMENT - LOADING & LEVELING
In a previous hub, we calculated slacks or floats. If an activity has a slack, its start can be delayed. For managing a project, there are various activities which have to be performed in some order. This was explained in Net-Working...
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92REDUCING PROJECT DURATION
No project is implemented in isolation. Events happening around the project may affect its progress. A nation-wide strike, an un-expected calamity or an abrupt economic change may bring the project to a grinding halt. Even if everything goes well,...
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90Analysis of Financial Statements - Liquidity of Short Term Assets
A company must maintain its ability to pay its current obligations and also have a sound base to sustain in the long run. In any case, if a company cannot make immediate arrangements for clearing its current liabilities, the creditors can force it...
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90CASE STUDY - Probability in PERT
This is in continuation of PERT in my previous hub. As stated therein, PERT is probabilistic in nature. It is used in those projects which are being developed for the first time. Hence, the developer has no previous experience and seeks guidance...
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90Managerial Accounting - Basic Cost Concepts
An accounting system measures costs which are later used for a number of purposes such as: (i) profit determination, (ii) performance evaluation, (iii) inventory valuation and (iv) cost control. It is, therefore, very essential to understand what...
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90Data Collection Methods
Continuedf from: Measurement Scales Once a research question has been agreed upon, a research design is formulated which includes an appropriate and effective method for collecting data. It has been rightly said by Sir Arthur Conan Doyle (Sherlock...
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89Case Study: PERT / CPM - Calculating Floats
This is in continuation of my previous Case Study on CPM & PERT. Here I would describe ways and means to calculate Floats or Slacks. A little change has been made in Sketch # 3 in the previous article. Description has been reduced to one cell. Since...
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92Managerial Accounting –Decision Making: Relevant Costs & Benefits
When you have a choice between two or more alternatives and you have to select one, you are making a decision. If there is no choice, you will have to simply follow or obey. So a decision implies a selection, a choice, a verdict or a nod. In...
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89Income Distribution
The term “income distribution” is a statistical concept. It shows how a nation’s total income is distributed among its population. The distribution may be equal or unequal, even or uneven. If unequal, there will be few rich and a vast majority...
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88Types of Research
Continued from: Method of Business Research Research can be classified by purpose or by method. If we categorise it by purpose, it would fall into two major categories: Basic Research and Applied Research, while in case of method, it would be...
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