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Critical path in business

Using the Critical path in business, project manager can determine actual dates for each activity and compare what should be happening to what is taking place and react accordingly. The method will provide you with a graphical view of the project, the time required to complete an activity and the activities that will become critical to the project if not completed within the specified time.
  1. Proper scheduling


    This method is essential to accurately monitoring the progress of your business initiatives. There are several additional scheduling tools that will assist in further refining and controlling your schedule. The critical path method is often used with much success. Some of the basic critical path method concepts include:
    1. Reducing each task's estimated duration and adding a buffer, providing backup resources and time to your critical path.
    2. The critical chain method also employs leveling your resources by making sure the workload is evenly distributed.
    3. Alternate methods include, when necessary, compressing your schedule using crashing or fast tracking. Crashing focuses on allowing additional cost as a tradeoff to reducing the project duration. Fast tracking schedules tasks to run in parallel where they were once scheduled to run sequentially. These additional methods will enhance your ability to control your schedules, but gain proficiency with your precedence diagram before enlisting these additional methods.

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  1. Without a formal schedule and details, such as EST and LST, you can not begin to determine which tasks can and can't be delayed without affecting the overall timeline. Without the insight of an EST, the team is unaware that a task is in danger of being late before it even starts. Additionally, keep a close eye on your zero slack tasks which make up your critical path and start all tasks no later than their LST or they will impact the project schedule.

    There is some risk with this approach if a change of events causes a change in the critical path. For example, changes in resource allocation could affect departmental timing, the duration of activities or different timing of an incoming event. This would result in the identified improvement projects enabling more float in that subprocess rather than having immediate impact on the overall lead time.

  1. Locating areas of improvement


    Critical path in business offers a useful approach and rationale for prioritizing improvement opportunities within a complex process space. On a journey of continuous improvement, every sub-process improvement is a valid exercise. The right projects, selected through Critical path in business, add up to demonstrable business improvements to total overall lead time.

    The example we used here, illustrates how to use critical path analysis to guide project prioritization to effect overall lead time. The suggested priorities can be formulated as:

    Critical path Charter external to department Charter within department
    inp2 Reduce lead time of completing inp2  
    act2   Reduce lead time of completing act2
    act3   Reduce lead time of completing act3
    inp4 Reduce lead time of completing inp4  
    act7   Reduce lead time of completing act7

    In that example a critical path analysis (How to make critical path analysis?) has allowed the business to narrow improvement opportunities from potential projects on four inputs plus seven activities, or 11 total project opportunities, to five opportunities, effectively achieving a 55 percent narrowing of initiatives. This will certainly impact the immediate business objective of total lead time reduction.

Business strategies definition

 

Business strategy development

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      The strategy of assessing the potential for a change or enhancement to enhance the generation of revenue.
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    2. Benefits of break even analysis
    3. Fourt Woodlock equation
      The tool used to determine whether the product idea will be profitable or not.
  4. Critical path analysis
  5. How to make critical path analysis?
  6. Critical path in business
  7. Logistics strategic plan
    Logistics is how to get raw materials, move them in the system, distribute and replace them.
 
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Image relevancy is important when it comes to image optimization for SEO. An image of a train on a page related to Ferrari will do you no good. I know its common sense but this step is so important that I just can't miss it out.

Our focus has shifted from Social Media to VISUAL Social Media. This is a shift from Tell to Show. We are drawn to "visual content" online in more ways than ever before. The opportunity this provides for business is massive.

In short, it means that businesses or brands online need to take note of the stats. In 2012 alone we have seen You Tube pass 4 Billion Daily Video Views and Pinterest become the 4th largest driver of traffic worldwide. UPDATE: In fact, Pinterest, has just recently become the 2nd largest driver of traffic worldwide.

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    If you are a photographer or graphic artist - looking to market your creations, you'll be glad to add Get Free Followers to tour arsenal. Yes - VK, sometimes referred to as the "Russian Facebook," - can now be used to fullfill your marketing requirements and photo SEO!

For business, this means a massive opportunity for businesses who can leverage the power of visual marketing. If we can learn how to use images, photos, video, and other visual media in our online marketing, then we have a greater chance of reaching more people with our message. This then provides the opportunity for more exposure as visuals drive traffic to our websites products and services.

People are drawn to visual content and take action based on its subtle cues faster than any other medium–faster than text, audio or video.

The power of pictures isn't restricted to image-centric platforms like Pinterest and Instagram. Visuals are attracting attention and driving engagement across all social networks. Vkontakte - being the Russian Facebook - is no exception.

Post your photos in VK and then use the Vkontakte image SEO tool - Get Free Followers to boost likes on your VK images.

Fact is - all of the major social networks are highlighting visual content. Brands that can leverage the power of original, optimized images are going to get noticed more than the others.


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    Improve your Videos' search engine rankings. What YouTube wants to see is engagement and you can get that in the form of YouTube comments. Encourage others to comment on your video. Encourage discussions to start.
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