What are the main advantages of using a network-based approach, management homework help

Discussion Question 1

1.What are the main advantages of using a network-based approach to project management rather than a Gantt chart?

2. Under what circumstances might a Gantt chart be preferable to a network-based approach?

Discussion Question 2

From the end of Chapter 6, consider the two capacity options for Arktec manufacturing from Problem 2 and the three possible demand scenarios from Problem 4.

1. First, draw the decision tree for Arktec Manufacturing. When drawing your tree, assume that managers must select a capacity option before they know what the demand level will actually be.

2. Then, calculate the expected value for each decision branch. Which option would you prefer and why?

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