Question 6
Objective Ensure timelines and costs for promotion of activities are
realistic and consistent with budget resources
Use mathematical formulas to interpret expenditure and
business timelines
Refer to Planning and Scheduling for OOH Advertisements
A) How can Bela ensure that timelines are realistic and consistent with budget resources?
(within 50-70 words)
B) How can Bela estimate the timelines?
Use PERT (Program Evaluation and Review Technique) formula to estimate time;
that is:
(O + 4M + P)/6
P- the most pessimistic case where everything can go wrong
O- the most optimistic case where everything goes right
M- the most likely case given normal obstacles and opportunities
C) Provide your own conclusions on the following question. What should you do to make
sure that promotional activities are realistic and consistent with budget resources?
(within 150-250 words)
A) In order to ensure that the timeline are realistic and consistent with the budget Bela has
to list down the assigned task in the business promotion. Bela also has to visualize it
through the Gantt Chart to make it in a proper way.
B) In order to estimate the timeline Bela should try to make use of PERT which will help
Bela to examine the tasked that are in schedule will be determining the actual methods
to complete the task with associated dependencies.
C)