
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Subject :project management
Define what a project is .
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- Name some of the widely used project managementsoftware programs.arrow_forwardwhat are some examples of real world projects?arrow_forwardQuestion type: Project Management Three Estimate A renovation of the gift shop at Orlando Amway Center has six activities (in days). For the following estimates of a, m, and b, calculate the expected time and the standard deviation for each activity: Activity m A B C D E F a 15 45 34 16 34 32 36 62 36 26 36 38 b 52 82 38 38 40 44 What is the probability that the project will completed in 200 days? Assume all activities are required to be completed in a sequence (A -> B-C -> D -> E->F)arrow_forward
- answer into tablearrow_forward12:23 Ill 5G Problem 1 The following table gives expected times and variances for a probabilistic duration type of project (we are not given and we don't need the optimistic, most likely, and pessimistic time estimates). Activity Expected Time Variance A 4 0.44 B 3 0.69 C 7 2.25 D 11 2.25 E 4 0.11 F 9 1.36 G 6 0.44 H 6 0.69 I 7 1.36 J 13 1.00 K 3 0.44arrow_forwardQUESTION 1: Prepare a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis for the following Project. Preparing this SWOT analysis requires answers to the following questions:a) What are the organization’s strengths?b) What are the organization’s weaknesses?c) What opportunities does the project selected above present to the organization in that context?d) What threats does the project selected above present to the organization in that context?QUESTION 2: Using your answers to the four questions above, outline specific cultural, organizational, or environmental issues that may either enable or cripple the above project.Please see attached images for project.arrow_forward
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