Assignment:
Question 1: Contrast simulation to other risk analysis tools. What are its advantages and disadvantages? If you were to do an important risk analysis, which tool would you prefer?
Your answer must be at least 200 words in length.
Question 2: The city of McLeod is building a new ?re station in their city. The project manager, city manager, and chief of the ?re department have set the following criteria for the process of selecting a scheduling technique for a new project: easy to use, shows durations of tasks, shows milestones, can see the ?ow of work, can see the sequence of events, can depict which tasks can be undertaken at the same time, and can tell how far tasks are from completion. The city manager favors the Gantt chart, the chief likes PERT, and the project manager prefers CPM. If you were the project manager, which method would you use, and why?
Your answer must be at least 200 words in length.
References:
Meredith, J. R., & Mantel, S. J., Jr. (2012). Project management: A managerial approach (8th ed.). Hoboken, NJ: Wiley