6. Suppose you are given the following data for a project:ActivityExpected Activity Time(in days)ABCDEFGHF242430Variance2.12.81.8HWhat is the probability the project will take less than 80 days?a. 2.5%b. 16%c. 84%d. 97.5%e. 99.85%ICritical PathZ27 7N

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Answered: 6. Suppose you are given the following…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Using PERT, Adam Munson was a ble to determinethat the expected project completion time for the construction ofa pleasure yacht is 21 months, and the project va riance is 4.a) What is the probability that the project will be completed in17 months?b) What is the probability that the project will be completed in20 months?c) What is the probability that the project will be completed in23 months?d) What is the probability that the project will be completed in25 months?e) What is the due date that yields a 95% chance of completion?
A project consists of five activities as shown in the following table. Activity Floor sanding Floor buffing Paint mixing Wall painting Ceiling painting Optimistic Time (hr) Most Probable Time (hr) 4 4 0.5 2 3 5 5 Сл 1 3 7.5 Pessimistic Time (hr) 6 6 1.5 10 9 Naturally, the paint mixing precedes the painting activities. Also, both ceiling painting and floor sanding must be done prior to floor buffing. (a) Construct the PERT/CPM network for this problem.
How Can You Get to a Backlog of over 100 Projects? There are never enough resources to get everything done." Backlogs build over time. Sacred cow projects get included in the selection system. Projects proposed from people who have left the airline stil reside in the project portfolio. Non-value-added projects somehow make their way into the project portfolio. Soon the queue gets longer. With everyone in IT working on too many projects concurrently, project completion and productivity are slow. Which Projects Remain? To cut the number of projects, the steering committee used a weighting scheme that reflected the airline's priorities, which were: fly safe, generate revenue, reduce costs, and customer service. The weighting scheme easily weeded out the fluff. Coady noted that "by the time you get to the 20s the margin of differentiation gets narrower and narrower." Of the remaining projects, project sponsors had to have solid justification why their project is important. Reduction of the…
Create a risk matrix for this project:Event Cost ($000) ProbabilityEquipment breakdown 40 .20Vendor is late with key segment 200 .60Subcontractor has labor issues 140 .30Weather problems 15 UnknownFunding delays 50 .40 to .60Testing delays 20 .40Explain your reasoning for your placement of the events Weather problems and Funding delays.
A company is willing to develop their rocket before the end of current financial year which is now 28 weeks away. The chief engineer of the company has decided to use PERT technique in order to plan, schedule and control program of development for the data given in table below. What is the probability that the program will be completed by the end of the current financial year? (all durations are in weeks). (i) G) Optimum Duration Most likely duration Pesimistic duration 1 2 3 8 13 3 2 8 4 3 8 10 4 7 10 3 6. 3 8 4 9 10 4 8. 4 9. 5 7 9. 12 6. 5 11 7 9. 14 8 4. 00 2.
11. Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 24 months, and the project variance is 4. Part 2 a) The probability that the project will be completed in 20 months = ______ (round your response to four decimal places)
Analyze the characteristics of a project that calls for a predictive approach to the SDLC, and the one that calls for adaptive approach.
Management Firm is a consulting company that specializes in the development of decision support systems. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Report generation 2 8 12 B Web scraping 4 9 11 C Testing A, B 1 1 1 (A) Based solely on the critical path, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.) (b) Using all paths through the project network, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)
c. What is the expected project completion time? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Project completion time d. What is the probability of completing this project within 16 days? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Do not round intermediate calculations. Round "2" value to 2 decimal places and final answer to 4 decimal places.) Probability 10 00 days 09994
Management Firm is a consulting company that specializes in the development of decision support systems. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Report generation 2 8 12 B Web scraping 4 9 11 C Testing A, B 1 1 1 (b) Using all paths through the project network, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)
Mueller & Associates is a urban planning firm that is designing a new public park in an Omaha suburb. Coordination of the architect and subcontractors will require a major effort to meet the 45-week completion date requested by the owner. The Mueller project manager prepared the following project network. Start A B F H 0 D E Finish Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows. Activity Optimistic Most Probable A 4 8 Pessimistic 12 B 6 7 8 C 6 12 18 D 3 5 7 E 6 9 18 F 5 8 17 G 10 15 20 H 5 6 13
Q4) What Is Project Quality Management? Write briefly about the five Cost Categories Related to Quality .Describe about Quality Assurance.

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6. Suppose you are given the following data for a project: Activity Expected Activity Time (in days) A 24 24 30 c. 84% d. 97.5% e. 99.85% Variance 2.1 D E F G H What is the probability the project will take less than 80 days? a. 2.5% b. 16% 2.8 1.8 Critical Path Z ZZ N N N