The functions of financial management are as follows: Financial planning and forecasting Fund Investment Determining the capital structure... View Article
The examples of financial management in a business can be creating project budgets, hiring of a new employee, purchasing of assets, managing... View Article
The 4 elements of the financial management are: Planning Organising Controlling Directing Stay connected with our website for questions... View Article
The three basic functions of a finance manager are as follows: Investment decisions Financial decisions Dividend decisions Stay connected... View Article
Characteristics of CPM or Critical Path Method are: CPM uses activity oriented network Duration of any activity can be estimated with a good... View Article
The formula used for calculating the Late start and Late finish in CPM is as follows: Late Start of Activity = Late Finish of activity –... View Article
CPM or Critical Path Method was developed by J.E.Kelly and M.R.Walker in 1957. Learn about more questions and answers on business studies and... View Article
PERT was developed by US Navy Special Forces in the 1950s in association with Booz, Allen and Hamilton, which was a management consulting firm.... View Article
The formula for calculating PERT expected time or PERT estimate is as follows: E = (O + 4M +P) / 6 Where, E= PERT estimate O= Optimistic M=... View Article
CPM is known as Critical Path Method and it is suitable for non-research based projects such as construction of a building, or ship building.... View Article
PERT calculates a weighted average which is known as pert estimate and it is calculated on the basis of the following formula Pert Estimate =... View Article
PERT is a project management tool that is used by a project manager for analysing the project tasks and the time it will take to complete each... View Article
Advantages of PERT and CPM are as follows: PERT is a useful tool for scheduling the activities of a large project. PERT shows the critical... View Article
CPM stands for Critical Path Method, which is an algorithm that is used for planning, managing and analysing the timing of a project. Also see:... View Article
PERT stands for Program Evaluation Review Technique, it is a project management tool that is used to calculate the time it will take to... View Article
Law of variable proportion is a very important law in economics that when the quantity of one factor of production is increased while keeping the... View Article
