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Chapter 18 - Sourcing professional services. Chapter 18 focuses on sourcing professional services. The service sector has taken on an increasingly important role in the world economy. The service sector has become the engine of growth for the American economy, fundamental to the health and prosperity U.S. businesses, large, medium, or small.
ools • The Critical Path Method (CPM) – • A graphical representation of the interrelationships of the various project activities CPM establishes – The quantity of work for each activity – The startup and sequence or order in which the work or the activity is to be done – The rate at which the work will be performed to Purchasing and Supply Chain Management 12 reach completion Steps in CPM Project Planning Specify each individual activity Sequence the activities CPM crashing • Draw a network diagram Update the CPM diagram Estimate the completion time for each activity Identify the critical path Crashing • Speeding up the project • by reducing the completion time of activities while paying the crash cost Purchasing and Supply Chain Management 13 Questions? Purchasing and Supply Chain Management 14 ... by reducing the completion time of activities while paying the crash cost Purchasing and Supply Chain Management 13 Questions? Purchasing and Supply Chain Management 14