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Carla Heard from a Client That a Product Similar to a Popular

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Carla heard from a client that a product similar to a popular one at her retail store was now at Walmart, imported from China, and costing just over half of her sales price.But Carla isn't really worried because she believes in her customers' loyalty, so she has no plans to make changes.Carla is practicing


Definitions:

CPM

Critical Path Method; a project management technique that identifies the sequence of crucial and interdependent steps that comprise the project from start to finish.

Precedence Relationships

Logical relationships that determine the sequence in which activities must be performed in project management and scheduling.

Slack

The amount of time that a project task can be delayed without causing a delay to subsequent tasks or the overall project timeline.

Critical Paths

The sequence of stages determining the minimum time needed to complete a project, highlighting the most important tasks that directly affect the completion time.

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