With a perspective of burden on the student, what are the advantages and disadvantages of doing team projects in MEBA?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
With a perspective of burden on the student, what are the advantages and disadvantages of doing team projects in MEBA?
Advantages of working in a team project are:
- Division of work: The major advantage of working in a team is that there is often an equal division of labor , so in lieu having to look into all outlook of a project singly, each person merely has to deal with one aspect to it.
- Shared responsibility when things go wrong : If for some reason the course project fails ,then a good team will stand by one another such that they can jointly take the responsibility
- Gaining a new perspective :Working in a team is that we can learn to look at things from an entirely new perspective, Over the years we might be used to doing things in a particular manner but when we work in a team then we get to observe how other people work.
- Improve communication skills : For any course project to be successful ,it is important that each team member communicates and consults with the rest of the group such that nobody realizes in any decision made.
- Development of leadership qualities : As we work as a team , we were able to develop leadership qualities.
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