Sample Problem Modeled with GERT

A part is manufactured on a production line in four hours. Following manufacture, parts are inspected. There is a 25 percent failure rate, and failed parts must be reworked. Inspection time is a stochastic variable, exponentially distributed, with a mean of 1 hour. Rework takes 3 hours, and 30 percent of the reworked parts fail the next inspection and must be scrapped. Parts that pass their original inspection or

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Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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