Material management
Material can be defined as integrated
Important Terms Activity Event Network Critical Path Predecessor successor
Difference between PERT and CPM PERT Critical Path Method Event based Does not Consider the time CPM Program Evaluation and Review Tech. Activity based Consider time related to cost
Break Even Analysis Investment analysis method Deterministic model Cost-volume-profit study Equilibrium point is Break Even Point No-profit, no-loss stage
Assumptions Advantages Limitations
Quality Mgt. Definition of quality Concept of quality Quality circle TQM Kaizen 5 ‘s’ 6-sigma
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