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APA
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Accounting, Finance, SPSS
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Coursework
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English (U.S.)
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Discussion

Coursework Instructions:
Select one of the questions below. Provide the calculation and analyze the exercise from both concept and problem-solving perspectives. Support your thoughts with at least one external reference (not your book). The Critical Path: Why is it important to identify the critical path before starting a project? On what kind of projects would the critical path be irrelevant? Concurrent Engineering (Fast Tracking): What are the disadvantages of concurrent engineering (fast-tracking)? What kinds of projects should avoid using concurrent engineering? How is the work breakdown structure and change control connected? What are the likely outcomes if a change control process is not used? Why? What are the major differences between managing negative risks and managing positive risks (opportunities)?
Coursework Sample Content Preview:
The Critical Path Studentโ€™s Name Institutional Affiliation The Critical Path Calculation and Analysis Critical path is a vital aspect of project management that managers must understand to execute their projects as designed. Project managers use critical paths to identify the sequence of tasks that could lead to the delay of an entire project if overdue. To calculate the critical path, one must consider two parts. The first part is the forward pass which explores the earliest start times (ES) relative to the finish times (EF) for every activity (Kogon & Blakemore, 2024). To determine EF, one adds the duration of each activity to the ES. Thus, EF+ ES+ t (activity duration). The second part of a critical path is the backward pass. To calculate the backward pass, one determines the latest start times (LS) and the finish times (LF) of the activities (Vanhoucke, 2013). Notably, the LF of a last activity equals its EF. Hence, LF- t (activity duration) Concept Perspectives There concept of critical path is important for a range of reasons. Primari...
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