Question
1. In the scheduling offshoot of The Theory of Constraints (TOC) by Elihu Goldratt, there is a method that concentrates on resource constraints, creates buffers
1. In the scheduling offshoot of "The Theory of Constraints (TOC)" by Elihu Goldratt, there is a method that "concentrates on resource constraints, creates buffers att the end of the project and focuses on completing each activity in order to complete the entire project by the promised end date. it also emphasizes the elimination of multi-tasking".
a). What is the name of this scheduling technique?
b). What is meant in this context by multi-tasking?
2. You are completing the closeout of a project to design an aircraft hangar in South Bend, Indiana. THe contract is a cost plus incentive fee contract. The target costs are $300,000 with a 10% target profit. However, the project came in at $275,000. The incentive split is 80/20. How much will the total contract cost? Show all the work
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started