Q. 1. Illustrate what is "lag" and explain why would you need to use it in your network? Explain how is "lag" different than "slack"?

2. Illustrate what are the purposes of Gantt charts and Network diagrams?

3. In the network computation process illustrate what is a backward pass and illustrate what four things does it find out?

4. Illustrate what is the Concurrent Engineering Approach and explain why should project managers be aware of it?

5. Given an equal level of risk and the need to reduce overall project duration, explain why would you not select the activity with the lowest slope in the entire project network to crash first?

6. There are positive risks and negative risk in your project. Positive risks are those things that can have a positive outcome and provide a previously unseen opportunity. Negative risks are those things that can have a negative outcome and are a threat to successful project completions. Illustrate what are the ways that you would respond to the uncertainty of risk and explain how would you manage positive risks different than negative risks? Please explain these approaches.