If an activity has its optimistic, most likely and pessimistic times as 2, 4 and 9 respectively, then what is it's expected time and variance
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If an activity has its optimistic, most likely and pessimistic times as 2, 4 and 9 respectively, then what is it's expected time and variance.
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- Systems Inc. is scheduled to launch its new software application in the next two weeks. Tim would like to hire a marketing research company to study the market situation prior to the launch. The market research company needs four weeks to complete the research project and deliver comprehensive results. Therefore, Tim decides against hiring the research company and goes ahead with the scheduled launch without further research. What factor is the determinant of the need for marketing research in Tim' situation? a. Time constraints b. Benefits vs costs c. Availability of data d. Nature of the decisionThe following table shows the various activities of the development of a new product in your organization. Activity Event Immediate Predecessor(s) Estimates of Activity Duration (Weeks) Optimistic (To) Most Likely (Tm) Pessimistic (Tp) Average (Te) 1 A - 2 3 4 ? 2 B A 1 2 ? 2 3 C A 1 ? 4 2.2 4 D B ? 5 6 5 5 E B 3 ? 5 4 6 F C 2 3 ? 3 7 G D ? 2 4 2.2 8 H E,F, G 3 4 6 ? 9 I H 3 ? 5 4 10 J I 2 1 3 ? Questions: Calculate ALL the missing (?) data points. Draw the PERT network from the given data. Determine ALL the paths, the critical path and its total duration in days. Explain the limitations…None
- time 1 2 3 4 5 6 7 8 9 10 Returns on Project A 70.00% -24.00% 46.00% 46.00% 0.00% 9.00% -83.00% 68.00% -39.00% 112.00% Returns on Project B 63.00% -21.60% 41.40% 41.40% 0.00% 8.10% -74.70% 61.20% -35.10% 100.80% The risk of a portfolio composed of 50% in project A and 50% in project B is greater than the risk of either project A or Project B. True FalseIntegrated Health was a large private, nonprofit health care system located in Tempe,Arizona. A year ago, the decision was made to implement a computerized medication administration record (MAR) at Integrated Health. During the first year, the MAR system would be implemented at Central Hospital of Tempe. After the “bugs” were worked out, the computerized MAR would be implemented system-wide. The MIS department at Central Hospital was designated as the initiator and direction setter for the project. Art Smith, the Chief Information Officer at Central Hospital assigned Kate Cohen, a programmer/analyst, as project leader. Kate had the responsibility for developing and implementing the MAR project at Central. Kate did the programming work for the MAR and assembled a team from Pharmacy Services, Nursing Services, and Internal Auditing. Members of the project team provided feedback on the software, made suggestions related to user training, and worked on an implementation schedule. Both team…We have been operating our mobile food truck business now for 30 days at the Harvard University campus.Our daily sales and number of customers are increasing at a constant rate. Our problem is that we do not know if our customers are happy with the quality and variety of the food, the level of pricing, or the courtesy of our staff. Task: You will design a four-to-five open questions survey that we could pose to our prospects to solve our problem. note: make 4 to 5 open questions to gather enough informations
- What is the purpose of a feasibility study in the initial stages of a project?Identity the strengths, weaknesses, opportunities, and threat's of the 7 terms storming, norming, performing ,adjourning etcIntegrated Health was a large private, nonprofit health care system located in Tempe,Arizona. A year ago, the decision was made to implement a computerized medication administration record (MAR) at Integrated Health. During the first year, the MAR system would be implemented at Central Hospital of Tempe. After the “bugs” were worked out, the computerized MAR would be implemented system-wide. The MIS department at Central Hospital was designated as the initiator and direction setter for the project. Art Smith, the Chief Information Officer at Central Hospital assigned Kate Cohen, a programmer/analyst, as project leader. Kate had the responsibility for developing and implementing the MAR project at Central. Kate did the programming work for the MAR and assembled a team from Pharmacy Services, Nursing Services, and Internal Auditing. Members of the project team provided feedback on the software, made suggestions related to user training, and worked on an implementation schedule. Both team…
- Integrated Health was a large private, nonprofit health care system located in Tempe,Arizona. A year ago, the decision was made to implement a computerized medication administration record (MAR) at Integrated Health. During the first year, the MAR system would be implemented at Central Hospital of Tempe. After the “bugs” were worked out, the computerized MAR would be implemented system-wide. The MIS department at Central Hospital was designated as the initiator and direction setter for the project. Art Smith, the Chief Information Officer at Central Hospital assigned Kate Cohen, a programmer/analyst, as project leader. Kate had the responsibility for developing and implementing the MAR project at Central. Kate did the programming work for the MAR and assembled a team from Pharmacy Services, Nursing Services, and Internal Auditing. Members of the project team provided feedback on the software, made suggestions related to user training, and worked on an implementation schedule. Both team…Consider the office renovation project data in the following table. A "zero" time estimate means that the activity could take a very small amount of time and should be treated as a numeric zero in the analysis. Click the icon to view the table. a. Based on the critical path, find the probability of completing the office renovation project by 40 days. Refer to the standard normal table. (Make sure to round all intermediate calculations for to and variance to two decimal places.) The probability is (Enter your response rounded to four decimal places.) b. Find the date by which you would be 80 percent sure of completing the project. Refer to the standard normal table. One is 80 percent sure the project will be complete in days. (Enter your response rounded up to the next whole number.) Data table Activity START ABCD E F G H - XL NOOON NOTO J K Optimistic 0 7 0 15 FINISH 3 2 6 0 2 2 0 1 0 Time Estimates (days) Most Likely 0 10 ON - w ~ ~No WO-8 20 10 Print Pessimisitic 0 OWN ON Or W Ñ A ∞…Medico Industries, Inc. plans to deliver the last shipment of their Cardiostents to the distribution center this month. The company estimates that the delivery time is most likely 8 days. However, if bad weather ensues, the job could take as many as 15 days. If there are no problems, the shipment could be delivered in as little as 7 days. How long should distribution center “expect” the delivery to take? Group of answer choices 8 days 9 days 10 days None of the above.