What is the project standard deviation
Q: Solve the following integer programming problem using branch and bound method. 1. 2. Maximize z =…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: O D Depot C1 C2 C3 C4 C5 C6 Depot 0 8 12 5 9 8 15 C1 7 0 13 11 8 7 13 C2 4 11 0 6 15 4 14 C3 5 12 7…
A: Seeing at the table we know he has to go to 6 different stations for the deliveries so we will…
Q: The materials handling manager of a manufacturing company is trying to forecast the cost of…
A:
Q: WhatYouNeed is an online retailer with operations in Northern Indiana. Their network includes five…
A: Inventory management includes all those activities which are related to managing the stock level in…
Q: Discuss two challenges faced by business analysts in verifying and validating requirements
A: Business analysis is the practice of identifying the needs of the business and determining their…
Q: The program manager for KWTV Channel 8 would like to determine the best way to allocate the time for…
A: Decision Variables: Suppose- L be the minutes allocated to local newsN be the minutes allocated to…
Q: A large business Office Supply & Technology company, “ Smart Space,” recently entered the B2B…
A: Businesses must carefully choose the proper price for their goods and services in the fiercely…
Q: importance of being mindful of our own behaviors and actions as leaders. The statement that "we have…
A: Being a mindful leader necessitates an understanding of oneself as well as the impact of one's own…
Q: operation management Compute the early, late, and slack activity times for each activity, and…
A: Forward Pass:Early Start (ES) = Max EF value from immediate Predecessor(s)Early Finish (EF)= ES +…
Q: Assume the network and data that follow: Activity A B с D E F Normal Time Normal Cost Crash Time…
A: A network diagram is a graphical representation of project which helps to identify the activity…
Q: 2. Complete the following grid using the weeks-of-supply method: Plan Sales for a Week $5,000 $8,000…
A: Here, I have been given information for planned sales for a week, the Annual turnover, I would…
Q: If Task B is delayed by 2 days, which of the following task will be directly impacted? Task…
A: Task Duration Predecessor A 3 days - B 5 days A C 4 days B D 2 days B E 1 day C, D F 1…
Q: Provide an illustration of one of the four access control strategies. How is this option…
A: Having the ability to limit or permit access to certain locations or resources is crucial to the…
Q: Pauline Found Manufacturing, Inc., is moving to kanbans to support its telephone switching-board…
A: Set up Cost S 30 Annual Holding Cost H 125 Daily Production p 30 Annual Usage D 3000 Lead…
Q: It was this developer’s goal to build the most sustainable office building ever, and have it also be…
A: Real estate development can be both tough and lucrative, with numerous elements to consider before…
Q: a. Select the Run chart for the above data. Use five-minute intervals (i.e., count the calls…
A: A run chart shows how well a process performs within specifications. If there is any variation in…
Q: 1. Complete the following grid assuming a 4.0 annual turnover: Month February March April May June…
A: Stock replenishment is the process of restoring inventory levels to meet customer demand. It…
Q: A checkout line at a grocery store takes an average of 2.25 minutes to ring up a customer's order.…
A: Work in progress (WIP) = 4 (customers in the checkout line) Flow time (T) = 2.25 minutes
Q: Consider again the kitty litter ordering policy for Sam’s Pet Hotel in Problem 13. Suppose that…
A: Find the Given details below: Given details Demand 90 Bags per Week Working Weeks 52 Weeks…
Q: Virtual machines and memory are opposites. How do corporate objectives compare? Which options have…
A: Virtualization technology has transformed the IT industry by allowing for the optimal use of…
Q: Do you think it’s worthwhile for most projectmanagers to get certified?
A: Managers of projects are tasked with keeping everything on track. It is up to them to provide…
Q: For the project in the table below: a) Draw the network diagram showing ES, EF, LS, LF, and the…
A: Find the Given details below: Activity Predecessor Normal Time (NT) (Days) Normal cost (NC) Crash…
Q: Give one example of a process improvement that could improve capability of the process and an…
A: Process improvement is a methodical strategy for locating, evaluating, and enhancing company…
Q: Apple Self-Driving Cars Want to Rid of Human Interaction, Plan for 2025 Launch - Bloomberg Apple is…
A: Apple, the technology behemoth recognised for its creativity and design, is purportedly working on…
Q: A shoe manufacturer uses 2,000 rubber soles per year for its popular shoe line. The firm makes its…
A: Here, the annual demand is 2000 rubber soles per year, The production rate is 90, the carrying cost…
Q: a What is the expected time for activity 1? b. What is the variance for activity 1? C Based on the…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: A manufacturer's average WIP inventory for Part #762 is 882 parts. The workstation produces parts at…
A: (1) Given that: WIP Inventory 882 Work station parts 275 Remember the formula, Avg. WIP…
Q: Find the initial cost solution utilizing the intuitive least cost method for the transportation…
A: Cost D1 D2 D3 Supply S1 4 12 5 35 S2 10 9 12 40 S3 8 11 13 55 Demand 40 55 50
Q: When the mean time between failures (MTTR) gets closer and closer to zero, what happens to the…
A: The mean time between failures (MTBF) is a reliability statistic that calculates the average time…
Q: a competitor is a primary stake holder that is greatly affected by the firm and has a great impact…
A: Businesses must consider the idea of stakeholder management to ensure they feel the interests of all…
Q: Develop a new quantitative method for transportation project evaluation to take advantages of better…
A: The transportation management system is the one that helps in managing the operations of the…
Q: How can a party to a contract protect their interests and mitigate their risks, both before and…
A: Here, I would discuss how a party could protect its interests and mitigate its risks before and…
Q: What are the many tools that are used for scheduling, such as Gantt charts and PERT/CPM charts? What…
A: Any project needs to schedule tasks to plan and manage resources effectively. Several scheduling…
Q: True or False Quality cannot be manufactured into a product unless it is designed into it.
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: Find the value of X in the following Flow Shop data consisting of 5 jobs which are to be processed…
A: Johnson's Rule is a sequencing method that can be applicable in scheduling into two workstations.…
Q: On a piece of scratch paper, draw the network associated with this table and determine the…
A: A network diagram shows the link of each task with the duration taken by each activity with respect…
Q: Refer to the following information and output. Number of Servers Arrival Rate Service Rate P(0),…
A: In a queuing system, customers may have to wait in a queue before they can be served by the service…
Q: What is the answer
A: Annual demand (D) = 72,000 mowers per year Back ordering Cost (Cs) = $120 Ordering Cost (Co) = $60…
Q: evaluation of the strategic stances Samsung can take in its journey to increase sales volume in…
A: Samsung is a multinational business that manufactures a variety of items such as cellphones,…
Q: The instructional technology is divided into three distinct parts, all of which collaborate well…
A: Instructional technology entails using technology to plan, develop, and deliver instruction with the…
Q: Prepare a run chart for the number of defective computer monitors produced in a plant as shown…
A: First, this dataset is taken to The Minitab tool to prepare the run chart for the given number of…
Q: In the classic Economic Order Quantity (EOQ) associated with inventory under the assumptions of…
A: Inventory management is the method most followed by the management to oversee and control the…
Q: Ron Satterfield's excavation company uses both Gantt scheduling charts and Gantt load K charts.…
A: A Gantt chart is based on as a project management tool that shows the work finished over a certain…
Q: A manager wants to improve the reliability of a component to .98. The component has a reliability of…
A: Cost is actually the funds or money spent by an organization on performing its business activities…
Q: Investigate key areas of concern with regard to risk management. Discussion What part does risk…
A: Risk management is critical in the development of a company plan because it ensures that the plan is…
Q: Industry: Healthcare Industry The current trends and/or disruptions in this industry 2. How will a…
A: As per this Q, I would discuss the current trends or disruptions in the healthcare industry, then, I…
Q: Case 2: A marketing research professor is conducting a telephone survey and needs to contact at…
A: Suppose-X be the number of daytime callsY be the number of evening calls
Q: Where in your view,does it lie on the diagonal of the product-process matrix?
A: CASE STUDY: Van der Lande When Packard Bell designed their new assembly centre in Angers, France,…
Q: Why should feedback be obtained from a project's sponsor?
A: Any successful project must include feedback because it promotes continual development and ensures…
Q: Use Microsoft excel Spreadsheets. $100,000 is the total budget. Use the picture as an example for…
A: A budget in business refers to a financial plan that outlines the expected revenue and expenses for…
- A small project consisting of eight activities has the following characteristics:
Time estimate (in weeks)
Activity |
Preceding activity |
Most Optimistic time (a) |
Most likely time (m) |
Most Pessimestic time (b) |
A |
None |
2 |
4 |
12 |
B |
None |
10 |
12 |
26 |
C |
A |
8 |
9 |
10 |
D |
A |
10 |
15 |
20 |
E |
A |
7 |
7.5 |
11 |
F |
B,C |
9 |
9 |
9 |
G |
D |
3 |
3.5 |
7 |
H |
E,F,G |
5 |
5 |
5 |
- What is the project standard deviation?
Step by step
Solved in 4 steps with 4 images
- A 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)The project described in the following table has just begun. It is scheduled to be completed in 11 weeks.Use Table B1 and Table B2. Activity Estimated Time(weeks) Standard Deviation(wks.) 1-2 4 0.70 2-4 6 0.90 1-3 3 0.62 3-4 9 1.90 a. If you were the manager of this project, would you be concerned? (Round your intermediate calculations to 2 decimal places and "Probability" values to 4 decimal places.) because the probability of finishing on schedule is only about . b. If there is a penalty of $5,000 a week for each week the project is late, what is the probability of incurring a penalty of at least $5,000? (Round your intermediate calculations to 2 decimal places and "Probability" values to 4 decimal places.) Probability Have worked this with various formulas and all come back wrong. Where am I making a mistakeUsing 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?
- Kimpel Products makes pizza ovens for com-mercial use. James Kimpel, CEO, is contemplating produc-ing smaller ovens for use in high school and college kitchens.The activities necessary to build an experimental model andrelated data are given in the following table: a) What is the project completion date?b) Crash this project to 10 weeks at the least cost.c) Crash this project to 7 weeks (which is the maximum it canbe crashed) at the least cost.Is forecasting important in a planning of a project? why? why not?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)
- The purpose of program evaluation is to assess how well the project team, team members, and program manager performed. Group of answer choices True FalseProject Scope Management Khan, (2006) (see below) states that, "Managing the scope of a project is the most important function of a project manager ... Effective scope management of a project also ensures the success of key completion areas, including time, cost, and quality. Project scope management can be further subdivided into its components which include: project initiation, scope planning, scope definition, scope verification, and scope change control." Based on your Integrated Project: Select two of the subdivisions above and discuss the primary issues that could arise from the process. Your response should begin with a definition of the selected subdivision before detailing the selected processManagement 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.)
- 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.)Answer all. What are the critical activities? What is the expected project duration? calculate the variance of the project What is the standard deviation (te) for the project? Suppose that management allotted 13-unit time for the project. What is the probability that we will meet the 13-unit time deadline? If management wants to have a 0.99 probability of meeting the time, what should be the scheduled project duration?Details of a PERT/CPM problem is listed in the table below. Times are given in weeks. Activity Preceding Optimistic Time Probable Time Pessimistic Time A -- 7 9 14 B A 2 2 8 C A 8 12 16 D A 3 5 10 E B 4 6 8 F B 6 8 10 G C, F 2 3 4 H D 2 2 8 I H 6 8 16 J G, I 4 6 14 K E, J 2 2 5 Calculate the expected time & variance for each activity. Enter these values in the appropriate column in the table above. Which activities form the critical path? What is the estimated time of the critical path? What are the project variance and the project standard deviation? { 5. What is the probability of completion of the project after week 40?