Time Cost Trade Off

Steps in optimization of cost (Cost optimization through Network) After step six, three possible cases may arise: Case I: If the same path remains critical (longest) then crashing is considered for the critical activity serially in the ascending order to their cost slope as far as possible. Case II: While crashing the critical path, there … Read more

Evolution of Management Thought

Chapter highlights The concept of modern management, F. W. Taylor, scientific management, Administrative and functional management,(classical theory), Max Weber and bureaucracy, Chester Bernard, Neo classical theory, Contingency theory The concept of modern management The modern concept of Management:  Management is that field of human behavior in which managers plan, organize, direct, and control human, financial, … Read more