Q1. What is/are the actual problem/s of Khursheed Anwer? Q2. What would you suggest Khursheed to rectify these issues based on your knowledge of personal vision, SMART goals, self-esteem and critical thinking?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Case study:
Khursheed Anwar is 19 years old. He has great interest in IT – computer hardware and software, internet, programming languages, and the like. He wants to live a very successful life. His elder cousin, who is studying BBA, has asked him to craft a compelling personal vision as a first step to live a successful life. Khursheed drafted this personal vision: “After 10 years, I want to establish my own advertising company having a large client base, operate a successful travel agency, and run an exclusive boutique for upper-class clients.” He made several goals as per the advice of his “guru cousin.” His cousin had advised him to make goals SMART. He decided to get admission in a leading institute to study ACCA. Another goal that he made is to start learning guitar to impress and entertain relatives and friends in gatherings. He did SWOT analysis as per his cousin’s advice and in the strength quadrant he had listed computing, programming and physics
Q1. What is/are the actual problem/s of Khursheed Anwer? Q2. What would you suggest Khursheed to rectify these issues based on your knowledge of personal vision, SMART goals, self-esteem and critical thinking?
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