CPA And R And D Flashcards
What is the structure of a cell in a critical path analysis
The top right is the earliest start time
The bottom left is the latest finishing time
What is an easy way to remember how to calculate total float looks
Total float looks like a sunlounger with the earliest start time (right top) of the first activity connecting with the latesting finishing time of the activity in front of it
What is the formula to calculate total float
Latest finishing time of next activity - duration-earliest start time of this activity
What is an easy way to remember how to calculate free float
Free float = smiley face
Free float is when you connect the earliest start time of the first activity with the earliest start time of the activity in front
What is one qualitative factor that may affect project Management and why
The ability of the manager to motivate employees- if the employees aren’t motivated they won’t be encouraged to get projects completed on time
Slowing down the whole company and decreasing productivity
What are the main aims of research and development within a business
Launch new products or improve existing ones
Improved production process
Research alternative materials
Research how they could avoid waste
What are some negative effects of research and development
High cost
Risk of copying from other businesses
Changes in technology may render your research and development obsolete
Customer wants and needs may change
What are some factors affecting research and development
Level of competition
External environment
State of economy
What does value analysis mean
Value analysis is when business aim to improve the value of a product by better understanding its parts and their costs
Often finds improvements by reducing the costs of parts or increasing value of functions
