Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Why are preliminary estimates prepared?
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- The manager of the Oak Hills Swimming Club is planning the club’s swimming team program. The first team practice is scheduled for May 1. The activities, their immediate predecessors, and the activity time estimates (in weeks) are as follows: Activity Optimistic Most Probable Pessimistic Immediate Predecessors A 1 2 3 - B 4 6 8 A C 2 4 6 A D 1 2 3 B, C E 2 3 4 B F 1 2 3 A G 1 2 3 D H 1 2 3 G I 1 1 1 E, H, F A. Draw a project network for this problem. B. Fill in all the blanks in the following table. Note: For variance (σ2) in activity time, keep two decimal places. Activity Expected Time t (weeks) Variance σ2 ES EF LS LF Slack Critical Path? A B C D…arrow_forwardActivity 1 (Assessment Phase) Discuss the major operational threats DHL logistical functions face as a result of global terrorism Activity 2 (Improvement Phase) What might the organization do better, to mitigate the terrorist threats to its logistics operations? Armed forces personnel who cannot address these questions owing to security concerns should examine a larger question What logistical threats does the nation face, and how can these risks be reduced?arrow_forwardBased on the Project Oxygen at Google: What are limits/ dangers of implementing project oxygen widely at Google?arrow_forward
- The manager of the Oak Hills Swimming Club is planning the club’s swimming team program. The first team practice is scheduled for May 1. The activities, their immediate predecessors, and the activity time estimates (in weeks) are as follows: Activity Optimistic Most Probable Pessimistic Immediate Predecessors A 1 2 3 - B 4 6 8 A C 2 4 6 A D 1 2 3 B, C E 2 3 4 B F 1 2 3 A G 1 2 3 D H 1 2 3 G I 1 1 1 E, H, F a. Draw a project network for this problem. b. Fill in all the blanks in the following table. c. What is the expected time and variance to complete the project? Note: For variance (σ2) in activity time, keep two decimal places. Activity Expected Time t (weeks) Variance σ2 ES EF LS LF Slack Critical Path? A B C…arrow_forwardProvide an explanation for the discrepancy between the planned 100-fold rise in the cost-performance ratio and the estimated 50-fold increase in IT performance.arrow_forwardQ2: A company invested an amount of $85,000 to implement a project, and the expected receipts from this project during the 5 years were as follows: End the year 11/ 2 $25,000 Receipts() $10,000 3 $35,000 4 $45,000 5 $30,000 Find I.R.R and determine if the project is desirable or not If the MARR was 16%?arrow_forward
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