QUESTION 1 OF 40You have three estimates for an activity in a project budget, as shown in the table below. Using the beta distributionmethod, what are the estimated hours?Number of HoursOptimistic estimateMost likely estimatePessimistic estimate60O 1008066.676080100 QUESTION 2 OF 40Some information can be communicated through charts. To share information about a project's timeline, which chartwould a project manager most likely use?a Gantt charta pie charta Pareto chartO a P31 chartPrevious Next

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Answered: QUESTION 1 OF 40 You have three…

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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Activity Immediate Predecessors Normal Time (NT) (weeks) Normal Cost (NC) ($) Crash Time (CT) (weeks) Crash Cost (NC) ($) A --- 4 $200 2 $650 B A 6 $500 4 $900 C A 5 $600 3 $1,200 D A 6 $1000 5 $1,400 E B 6 $1,500 5 $2,000 F C, D 5 $200 4 $400 G E, F 6 $600 4 $1200 Determine the minimum cost-schedule for this project to be completed in 18 weeks.?
Activity Normal_time Crash_time Normal_cost Crash_cost Slack 28 22 5800 6700 0 30 4200 4200 1 13 4500 4500 0 25 4300 6700 1 18 5700 6700 2 20 5200 6500 2 AB C D E F 30 13 33 29 Previous 34 The table shows normal time (in days), crash time (in days), normal cost (in dollars), crash cost (in dollars) and slack time (in days) of activities in a small construction project. According to this table which activity must be crashed first? Assume there is only one critical path. (Only type the name of the activity, Example: A. Next
subject: PROJECT MANAGEMENT Question : PM.346.HSF1 The Practice of Project Management Pls do not generalize the answer. Thank youuuuu TO DO: Createee aaaa Resource Breakdown Structure below. Background Joseph-McHendry Purveyors, Ltd.  (JMP) is an international retailer of fine collectibles and bibelots, including authentic antiques, objets d'art (paintings, sculptures, etc.) and expensive jewelry.   It operates on a world-wide basis, with over twenty outlets in various developed countries, and is headquartered in San Francisco.    JMP has an excellent reputation, and is known in the industry for its quality, honesty and providing "the personal touch."   Much like Nordstrom, JMP charges a premium for the products; but their clientele believe that they are getting their money's worth!  Revenues for this past year exceeded $800 M.  The firm's organization is essentially functional, with a product orientation.  Major departments include Marketing, Finance and Accounting,…
Question 43 Given the activities, time estimates and dependency relationships: Duration (days) Activity Predecessor Optimistic Most Likely Pessimistic A *** 3 5 13 B *** 4 7 10 C A 5 7 15 D B 8 9 22 What is the estimated standard deviation for the critical path? Group of answer choices 2.78 2.54 2.36 1

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QUESTION 1 OF 40 You have three estimates for an activity in a project budget, as shown in the table below. Using the beta distribution method, what are the estimated hours? Number of Hours Optimistic estimate Most likely estimate Pessimistic estimate 60 100 O 80 66.67 60 80 100