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Quantitative
and Analytical techniques afford meaningful insights on how
to go about Project Planning, execution and control and also
on interpreting the Project results for the Top Management.
The focus
of the Course is on 'how a project Manager can exploit Quantitative
Techniques for successful Project Management?'
We cover
various Mathematical and Statistical Techniques, which could
be applied during different Phases of Project Life cycle.
Some of these techniques include concepts like Economic models
of Project Costing, Sampling distributions (including Binomial,
Poisson and Normal distributions), Pareto charts, Statistical
Quality Control techniques, Decision Trees, Network diagrams,
Earned Value Management systems, Monte-Carlo simulation techniques,
Design of Experiments, Time series Analysis, Regression Models,
Ishikawa diagrams, and Forecasting methods.
We focus
on 'How such tools can be applied to practical Project Managers?'
for their informed decision making.
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