What is x? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
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- 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 09994MODELLING AND SIMULATION 1. What is the best way to plan a simulation project? Why? 2. Does project management help you to simulate a model? In what way/s? 3. Car dealers have realized how profitable it can be to sell automobiles by using the Web. Pretend that you work for a local car dealership that is part of a large chain of car industry. Create a project management process (include the sub-processes) that you will implement in developing such web-based system.The expected number of days to completion for a different project is E(x) = 3.32 The variance of days to completion is var(x) = 1.22 The project cost involves A fixed cost (in thousands of dollars) of FC = $83.783 A variable cost for each day taken to complete the project ($000) VC = $9.774 16 The standard deviation of the project cost is $________. a 13.041 b 12.245 c 11.497 d 10.796
- Evaluate the below statement according to the project management terminologies and choose the correct answer: It is the process of making a forecast or precise approximation Choose... of time and cost associated with a work package or activity. Graphically describes a project consisting of well-defined Choose.. activities, the completion of which marks its end. One of the Perform Quantitative Risk Analysis process has a Choose.. Tools and Techniques. Useful for building accountability through assigning specific Choose.. tasks to team members. It is the standard format each path through the network must be continuous with no gaps, discontinuities, or dangling Choose... activities. Organizational Assets, Project Scope Statement, Cost Management Plan and Schedule Management Plan are inputs Choose.. of: Choose... Work Breakdown Structure Expert Judgment Bar chart Estimating A horizontal diagram format Plan Risk ManagementUsing your results from Problem 6,(a) Calculate the probability that the project will be completedin 38 weeks.(b) Calculate the probability that the project will be completedin 42 weeksA project has the following tasks and duration estimates given. These three tasks are done in succession on a project. Task Optimistic Estimate Most Likely Estimate Pessimistic Estimate Alpha 30 days 40 days 50 days Beta 20 days 25 days 28 days Charlie 4 days 10 days 12 days Delta 25 days 30 days 50 days What is the expected duration for the project? (3 points) What is the variance for the project? (3 points) What is the standard deviation of the project? (3 points) What is the range of the duration of the project given 3 sigma? (3 points)
- 2. Compute the followings: (a) The probability that the project will finish by the end of day 50 (b) The probability that the project will finish at day 52 (c) The probability that the project will finish before the start of day 49. (d) The completion date with at least a 95% confidence levelThe following represents a project that should be scheduled using CPM: ACTIVITY ABCDEFGH А с IMMEDIATE PREDECESSORS IAABUDR C,D D,E F,G TIMES (DAYS) b a 1 1 3 - NTTTTE 1 1 1 1 2 m 5 WaNNASNU 2 5 4 2 2 6 3 ∞∞NWO3770 9 10 12 8using examples, distinguisg between: 1. Direct aand indirect project costs. 2. Recurring and nonrecurring project costs. 3. Fixed and Variable project costs. 4. Normal and expedited project costs.
- . Q3: Answer A or B A\ Answer the following 1- A represents Hierarchical Breakdown of a Project in to element. 2- Resources are different than Expenses 3- A hierarchical structure that identifies the company-wide projects and enables organizing and management of those projects by means or subdivision or level is: 4- How many types of reports we have in Primavera 5- The finish of the successor activity depends on the finish of the predecessor activity is referred as B\ Correct the answer 1- Ponds is the base currency by default in Primavera 2- WBS is a Set of codes to organize the project in the EPS in groups according to specific categories 3- Activity tab used to apply constraints, select an activity and select the 4- The E.P.S usually reflects the management structure of your Organization 5-A resource is the project personal job titles or skills, such as mechanical engineer, inspector or CarpenterBy how many weeks should activity C be crashed? Number By how many weeks should activity D be crashed? Number By how many weeks should activity E be crashed? Number By how many weeks should activity F be crashed? Number What is the total cost of crashing the project 4 weeks (just the additional cost, not total project cost)? (Display your answer to two decimal places.) NumberA project has four major activities. Activity A precedes activity B, activity C precedes activity D. 3-point estimates for activities are A(4, 8, 12 ), B( 3, 6, 9 ), C( 1, 2, 3 ), D( 6, 12, 18 ) weeks. What probability would you assign to a project duration of more than 14 weeks? O a. 0.402 O b. 0.949 O c. 0.75 O d. 0.5
