Critical Path Method
The critical path method (CPM), also known as critical path analysis (CPA), is a scheduling procedure that uses a network diagram to depict a project and the sequences of tasks required to complete it, which are known as paths. Certification Academy Europe presents high-quality formal diplomas, certificates and e-certificates which are formal proof and recognition of…
Managerial Economics
Managerial economics is concerned with the application of economic concepts and economic analysis to the problems of formulating rational managerial decisions. This tutorial covers most of the topics of managerial economics including micro, macro, and managerial economic relationship; demand forecasting, production and cost analysis, market structure and pricing theory. Certification…
The Make or Buy Decision
A make-or-buy decision is an act of choosing between manufacturing a product in-house or purchasing it from an external supplier. Make-or-buy decisions, like outsourcing decisions, speak to a comparison of the costs and advantages of producing in-house versus buying it elsewhere. Certification Academy Europe presents high-quality formal diplomas, certificates and e-certificates which are formal proof and recognition…
Critical Chain Scheduling (CCS)
Critical chain scheduling is a method of improving schedules. Critical chain schedules were discussed in Chapter 5. In a critical chain schedule, buffers are created between the early schedule completion date of the project and the promise date. Certification Academy Europe presents high-quality formal diplomas, certificates and e-certificates which are formal proof and recognition of accredited online…
The Virtual Team
A virtual team (also known as a geographically dispersed team, distributed team, or remote team) usually refers to a group of individuals who work together from different geographic locations and rely on communication technology such as email, FAX, and video or voice conferencing services in order to collaborate. Certification Academy Europe presents high-quality formal…
Crisis Management
Crisis management is identifying a threat to an organization and its stakeholders in order to respond effectively to the threat. Due to the unpredictability of global events, many modern organizations attempt to identify potential crises before they occur in order to sketch out plans to deal with them. When and…
Conflict Management
Conflict management is the process by which disputes are resolved, where negative results are minimized and positive results are prioritized. This key management skill involves using different tactics depending on the situation, negotiation, and creative thinking. With properly managed conflict, an organization is able to minimize interpersonal issues, enhance client…
Total Productive Maintenance
Total Productive Maintenance (TPM) is a comprehensive approach to facility maintenance that aims to achieve perfect production and completely eliminate unplanned breakdowns. TPM maintains and improves equipment reliability, production output, and product quality. Certification Academy Europe presents high-quality formal diplomas, certificates and e-certificates which are formal proof and recognition of accredited online…
Communications Management
Communications management is the systematic planning, implementing, monitoring, and revision of all the channels of communication within an organization and between organizations; it also includes the organization and dissemination of new communication directives connected with an organization, network, or communications technology. Aspects of communications management include developing corporate communication strategies, designing internal and external communications directives, and managing the flow of information,…
Total Quality Management (TQM)
A core definition of total quality management (TQM) describes a management approach to long-term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work. Primary elements of TQM Benefits of TQM Implementing TQM History…
Communication Models
The three most well known models for communication are Linear, Interactional, and Transactional. As West & Turner (2007) explain, each model sheds light on the development of communication, but emphasizes different parts of the communication process. Certification Academy Europe presents high-quality formal diplomas, certificates and e-certificates which are formal proof and recognition of accredited online courses. It shows all…
Traditional Project Management
Traditional project management is a universal practice that includes a set of developed techniques used for planning, estimating, and controlling activities. The aim of those techniques is to reach the desired result on time, within budget, and in accordance with specifications. Traditional project management is mainly used on projects where…