Discussion Post: Operation Management
• Discuss several techniques to reduce the risk of a cost overrun in a project.
• Why do we use the Critical Path method? What is the common flaw in this technique that is hard to identify? How can you protect from this flaw?
• Describe the elements of a matrix project. Elaborate on how this technique can be helpful and also how it can lead to confusion. How do you prevent the latter?
• What is the implication of negative slack time?
• What happens if managers close projects early for political reasons even though the project is not complete?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.