d) the efficiency of the project can be increased by crashing other activities in addition to creating the guest list and purchasing the food. Annie can crash activities like buying decorations and planning the menu. By crashing the buying of decoration Annie reduces the costs of the project by $70 and its duration by 2 hours. It is also recommended to crash this activity because it does not depend on the number of guests and it does not influence other activities. By crashing of the planning of the menu activity, Annie reduces the cost of the project by $60 and its duration by one hour. This activity influences activities like purchasing of food, and preparing it. Therefore, the reduction of planning the menu can help increase the efficiency of purchasing and preparing the food.
In addition to this, Annie can also crash the sending of invitations activity. This can reduce the costs of the project by $25 and its duration by one hour. The activity regarding sending the invitations does not influence the following activities of the project. Therefore, it is recommended to crash this activity in order to reduce the financial resources that this project requires. The money saved using this strategy can be spent on improving other issues.
This strategy can be applied to most projects, regardless of their objectives or size. It is important that project managers try to reduce the costs associated to projects' activities, but also their duration. By crashing certain activities, project managers can save important resources (Meyer, 2002). However, it is recommended to thoroughly analyze the effects of this strategy. This is because some of projects' activities cannot be crashed because they have significant effects on the quality of the project. Therefore, it is important that managers have the ability of determining which activities can be crashed.
e) by crashing the activities of the project Annie can save $480. Annie saves 12 hours by crashing the project. If she saves $40 for every hour reduced from the project, than this leads to $480. Annie wants to use this money she saved by crashing the activities of the project for buying a better present for her sister Gwendolyn.
This is a good example of the importance...
References: Brinlee, D., MRP inventory management, Inventory Management, http://www.askdeb.com/inventory-management/mrp / last accessed on February 7, 2012 Heathfield, S.M., How to change your culture: organizational culture change, About.com, http://humanresources.about.com/od/organizationalculture/a/culture_change.htm last accessed on February 7, 2012 Johnson, R.W., Phased retirement and workplace flexibility for older adults: opportunities and challenges, Focus on Workplace Flexibility, http://workplaceflexibility.org/images/uploads/program_papers/johnson_-_phased_retirement_and_workplace_flexibility.pdf last accessed on February 7, 2012 Reh, F.J., Managing change: managing people's fear, About.com, http://management.about.com/cs/people/a/MngChng092302.htm last accessed on February 7, 2012 2010, ERP
The Improve Phase of the DMAIC process is also essential for managing the piloting and testing of the Six Sigma solutions discovered. It is also essential during the new product development process for measuring and quantifying the unique value proposition of the product or service being produced as well. The final phase, Control, is essential in both a Six Sigma and new product introduction process as well (Pestorius, 2007). Conclusion The
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