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Operations Management: Processes and Supply Chains, 12th Edition by Larry P. Ritzman, Manoj K. Malhotra, Lee J. Krajewski

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Developing the Project Schedule

A key advantage of network planning methods is the creation of a schedule of project activities that will help managers achieve the objectives of the project. Given a project network, managers can (1) estimate the completion time of a project by finding the critical path, (2) identify the start and finish times for each activity for a project schedule, and (3) calculate the amount of slack time for each activity.

Critical Path

A crucial aspect of project management is estimating the time of completion of a project. If each activity in relocating the hospital were done in sequence, with work proceeding on only one activity at a time, the time of completion would equal the sum of the times for all the activities, ...

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