Using the following project informationOptimistic TimeEstimate(weeks)ActivityABсDEFI GHJ22.353424742The critical path is A-C-E-G-I-J.Most Likely TimeEstimates (weeks)347in in un c07357Pessimistic TimeEstimates (weeks)558713968103GHIJActivity A BCDEVariance 0.25 0.20 0.25 0.44 2.25 1.36 0.11 0.03 1.00 0.03ImmediatePredecessor(s)noneAAB, CB. CDܗ ܒ ܘ ܫH.I(a) Calculate the probability that the project will be completed in 31 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.)P(project ≤ 31) -(b) Calculate the probability that the project will be completed in 34 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.)P(project = 34)-

ActivityOptimistic timeMost likely time Pessimistic timeImmediate…

Answered: (a) Calculate the probability that the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

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

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What is the difference between the watelfa/1 approach and agile project management?
b) Explain what is meant by stakeholder management and describe how the project manager ensures stakeholder cooperation. c) Explain the role of the sponsor in a project organization and his/her relationship with the project manager.
How did COVID-19 in South Africa affected the sources of project risk associated with performance criterion?
Project Management in Practice 4EDISCUSSION QUESTIONDQContrast the three types of nonnumeric project selection methods. Could any specific case combine two of them, such as the sacred cow and the oper- ating necessity, or the comparative benefits and the competitive necessity?
Using the following project information Activity Optimistic TimeEstimate(weeks) Most Likely TimeEstimates (weeks) Pessimistic TimeEstimates (weeks) ImmediatePredecessor(s) A 2 3 5 none B 2.6 4 5 A C 5 7 8 A D 3 5 7 B, C E 4 7 14 B, C F 2 5 8 D G 4 5 6 E H 6 6 7 F I 4 7 10 G J 2 3 3 H, I The critical path is A-C-E-G-I-J. Activity A B C D E F G H I J Variance 0.25 0.16 0.25 0.44 2.78 1.00 0.11 0.03 1.00 0.03 (a) Calculate the probability that the project will be completed in 31 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.) P(project ≤ 31) = enter a probability (b) Calculate the probability that the project will be completed in 35 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.) P(project ≤ 35) = enter a probability
Describes Two Types of Control Systems; How Might They Benefit Users of Project Ideas?
In a large consumer products company, the company wanted a leadership development program to improve employee engagement and retention. Before the program, metrics were chosen, and the pre- and post-program evaluation measured not only the participants’ reaction but also the impact on the metrics chosen for employee engagement and the desire for employees to stay with that company. Combined with other evaluation factors, a correlation between investment to return was identified. a) As the project manager of the company cited above, discuss the considerations you can make to provide your project team leaders with an effective training program that best enhances their careers. b) Discuss the steps you can follow in determining and evaluating a training strategy that you as the project manager has recommended for use in training the said project leaders.
c. What is the significance of project monitoring and control? What are the various dimensions of project monitoring and control? Do monitoring and control affect the project schedule? Discuss.
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Identify at least two (2) other critical issues that the project management team might faced inexecuting, monitoring, and controlling project work and discuss the strategies used toeffectively manage these issues for a sport programme
please help, project management Running Case1 The Global Treps Project team is working hard to ensure they meet expectations, especially for the people who will be holding and participating in the four events. The team has a detailed scope statement, but you want to make sure you are not forgetting requirements that might affect how people view the quality of the project. You know that the project’s sponsor and other key stakeholders are most concerned with getting people to use the new website, having successful events, and helping promote entrepreneurship across the globe. You also know that various geographic and cultural issues will need to be addressed. 2. Based on the list you created for Task 1, determine how you will measure progress on meeting the requirements. For example, you might have people take a survey after they view the online training videos to collect feedback.
please help, project management Running Case1 The Global Treps Project team is working hard to ensure they meet expectations, especially for the people who will be holding and participating in the four events. The team has a detailed scope statement, but you want to make sure you are not forgetting requirements that might affect how people view the quality of the project. You know that the project’s sponsor and other key stakeholders are most concerned with getting people to use the new website, having successful events, and helping promote entrepreneurship across the globe. You also know that various geographic and cultural issues will need to be addressed. 3. After analyzing survey information, you decide to create a Pareto chart to see which types of guidelines for running an event generated the most interest. First, create a spreadsheet in Excel using the data in the following table. List the most frequently requested guidelines first. Use the attached Excel template…

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(a) Calculate the probability that the project will be completed in 31 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.) P(projects 31) - (b) Calculate the probability that the project will be completed in 34 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.) P(project ≤ 34)-