17 list the project planning techniques used in

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17. List the project planning techniques used in project management. Gantt chart, Critical path method (CPM), Programme evaluation review techniques (PERT). 1.7 Project management - revised (table format) 54
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Question bank for Energy Managers & Energy Auditors 18. What is slack time in critical path in CPM? The slack time for an activity is the time between its earliest and latest start time, or between its earliest and latest finish time. Slack is the amount of time that an activity can be delayed past its earliest start or earliest finish without delaying the project. 19. List the internal source of funds during financing stage in project management. Internal sources of fund include: ¾ Direct cash provision from company reserves ¾ From the revenue budget (if pay back period is very attractive and less than a year) ¾ New share capital 20. Explain the need for measurement and verification in a project management system Facility energy savings are determined by comparing the energy use before and after the installation of energy conservation measures. The “before” case is called the baseline; the “after” case is referred to as the post-installation or performance period. Proper determination of savings includes adjusting for changes that affect energy use but that are not caused by the conservation measures. Such adjustments may account for differences in capacity utilization, raw material quality, product mix and other parameters, between the baseline and performance periods. In general, Savings = (Baseline Energy use) adjusted –Post-installation Energy use For example in a paper mill a variety of products depending on thickness (Grams per Square meter) are made. If energy consumption is evaluated as kCals or kWh per tonne of paper the figures could be misleading. Under these circumstances the measurement and verification system is to be designed accounting for these variations Part – III Long type questions and answers 1. Briefly explain steps in project management. a) Project definition and scope: The first step in project development cycle is to identify components of the project. Projects may be identified both internally and externally. Next screening of the projects is used to rank older project opportunities. b) Technical design: Once project makes its part the screening process, the hard work of developing technical specification begins. For a project to be considered a viable investment, its proponent must present a sound technical feasibility.
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