P1

• Linear programming for situations involving multiple constraints.

7

7

8

E2

7

7

Operations

Management

• Solution by graphical methods and simultaneous equations of two variable problems, and the meaning of ‘optimal’ solutions. Operation

s Managem

ent

• Expected value tables and the value of perfect and imperfect information. • Decision trees for multi-stage decision problems.

Operations

Management

• Maximin, maximax and minimax regret criteria • Payoff tables.

• Definition of project attributes.

Operations

Management

• Time, cost and quality project objectives. • The purpose and activities associated with the key stages in the project lifecycle.• Examples of the role of project management methodologies in project control (e.g. PRINCE2, PMI).

• Key tools for project management, including work breakdown schedule (WBS), Gantt Charts, and Network analysis.

Operations

Management

• Scenario planning and buffering.

• The contribution of project management software.