Answered: Propose how to address and anticipate…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Report generation 2 9 13 B Web scraping 6 10 12 C Testing A, B 1 1 1 (a) Construct the project network. (Submit a file with a maximum size of 1 MB.) This answer has not been graded yet. (b) Based solely on the critical path, estimate the probability that the project will be complete within 12 weeks. (Round your answer to four decimal places.) (c) Using all paths through the project network, estimate the probability that the project will be complete within 12 weeks. (Round your answer to four decimal places.) (d)…
Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Report generation 1 8 12 B Web scraping 4 9 11 C Testing A, B 1 1 1 (b) 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.) (c) 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.)
10.a. In a shop that participates in a formalized preventative maintenance program, the _______ isresponsible for adjusting the PM schedule when a component fails more frequently than its currentinspection interval.A. maintenance engineerB. program administratorC. shop general foremanD. shop supervisor10.b. Which one of the following isn’t a goal of a PM program?A. Limit downtimeB. Save a company money on maintenance so that the cost of its products stays competitiveC. Keep a machine running within its specificationsD. Use fewer repair parts and less time to install those parts10.c. Which of the following tasks is an uptime PM task that can be performed while the machine is runningduring production?A. Checking the motor starter contacts for burned and pitted areasB. Checking for excess noise or vibration on the machineC. Checking the condition of the couplingD. Tightening electrical connections
An eager business analyst is excited about his first opportunity to serve as the lead requirements engineer for the Global Real-Time Insurance Measurement (GRIM) project for Reapers Inc. In his desire to make a good impression the analyst completed his own research by examining GRIM Reapers procedure manuals, and workflow documents. He also examined both receipt and invoice documents to get an idea of the data fields. Finally, he even created a data dictionary and glossary of business terms. At the start of the blastoff meeting, the analyst came fully prepared with suggestions on how to make improvements to the organization. Comment on the strengths and weaknesses (if any) of the analyst's approach and make any suggestions on what you would have done differently.
4 Match the type of analytics to which tool would be in each scenario. A company would like a summary of the number of employees that called out sick last week. V A company would like to determine how many of each product should they manufacture each day in order to maximize profits. A company would like to estimate the average number of new clients that will become members next month. a. Predictive analytics b. Prescriptive analytics c. Descriptive analytics
Indicate whether the item below is used as key performance indicators for the areas of (A) Financial, (B) Customer, (C) Internal Process, or (D) Learning and Growth performance. Choose the one best choice. Number of employees who qualified for promotion *(A) Financial(B) Customer(C) Internal Process(D) Learning and Growth performance.
Data analytics played an important in any business context. Be it on daily operational or projects, evaluating the existing performance, study the data patterns and representing it well with suitable data visualization is important to help decision making. Based on scenario in your workplace and company, explain one situation where data analytics has been effectively used. Show a few examples where possible. In addition, identify one gap for improvement. Your output should contain the following: 1) Current situation 2) Performance dashboard 3) Suggestion for improvements *You may mockup suitable data or graphs or performance dashboards.
Please answer all the question in details within 30 minutes. make sure all the questions are answered else i will give negative ratings.
49. Assessing mission-critical positions and people who have the skills to help ensure the organization can deliver on strategic objectives can be facilitated by this increasingly popular easy-to-use method: O a. succession planning O b. 9-box grid O c. career planning O d. employee development O e. job analysis Artiva
23 Which of the following are the primary functions of all organizations? Select one: a. marketing, human resources, and finance/accounting b. marketing, production/operations, and finance/accounting c. research and development, finance/accounting, and purchasing d. production/operations, marketing, and human resources e. sales, quality control, and production/operations
What is the purpose of Key Performance Questions (KPQs)? A. To collect data from various sources B. To analyze and interpret data C. To identify the key metrics for measuring performance D. To create data visualizations
What is the purpose for, and value of, using only timely peer-reviewed primary resources and following The Four Moves in conducting a search for valid and reliable resources?

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Propose how to address and anticipate performance problems. 2. Provide a case example...