The expected times and variances for the project activities are given below, critical path is A-D-F-H. What is the probability of the completing the project in 28 periods?
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- How do you manage project problem crises during controlling phase?Creative Homework/Short Project. Sometimes advertising or other marketingactivities cause problem recognition by showing consumers how much better off they would be with a new product or by pointing out problems with products they already own. Discuss problem recognition for the following product categories. Make a list of some ways marketers might try to stimulate problem recognition for each product. Present your ideas to your class.a. Toothpasteb. A home security systemc. A new automobiled. An online dating servicee. A health club membershipANSWER THE B PART. ONLY THE SUMMISSION MEMO.Preparing your Event Communications: Communication Sponsorship Package Scenario: Event name is pallet of positivity Mental health sip and paint event. As a member of your event organizing agency in your PLAN8020 Event Planning course, you now have to prepare a communication package for your event sponsorship. Each member will work on a similar package INDIVIDUALLY.This is NOT a group assignment, and you may not collaborate or share your work with other students, until you have all submitted your individual packages to the Dropbox. You will design and develop a branded Event Communication Sponsorship Package for your Event Planning (PLAN8020) event. March 1, at 8pm is the deadline for sponsors. Your Package will consist of: 1. Email #1: The Sponsorship email will need to outline the event, promote the sponsorship opportunity, as well as outline the process to be a sponsor. The deadline for sponsors is March 1, at 8 p. m. . 2. Executive…
- Does WBS explain? How can you make a reasonable plan?How does the Analysis Period differ from Project Live?Bobby is an employee of a publicly traded corporation, and holds stock and stock options. As a member of the product development team, he has been working on the design of a new product at the company. For its part, the company has been pinning most of its future economic hopes on thesuccess of the release of the product. However, the development of the product has not gone public yet. The company is keeping the entire project a complete secret until it releases it publicly. The company has been so secretive about the new product that no one but Bobby knows the releasedate yet. When Bobby realizes this, he decides to use this information to profit heavily by purchasing as much stock as he can afford in the company right before the product goes public. Then, when the stock prices rise after the successful release of the product, he plans to sell it all. What kinds of information are considered "material information" when discussing insider trading? Would the information Bobby used to…
- explains two control mechanisms and how they may increase project concept buyers' worth.d) Risk is defined as the uncertain event or condition that if occurs has a positive or negativeeffect on the project's objective. The project objectives can be classified into three; cost,schedule and performance. There are 5 steps on risk identification process which startfrom identification and end with monitoring.Based on these three project objectives please explain the project risk managementprocess.explain it briefly and include exampleManaging risk in project is the responsibilities of all stakeholders. Althoughthe potential risk cannot be eliminated, however, the potential risks to happen can be minimized and reduced. In organization, risks can come from all aspects such as business, technical, market, program, or other types of risks. 1. Describe TWO types of analysis processes conducted in performing risk analysis and management.2. List and discuss any THREE types of risk components that can be used to classify the severity level of risk categories. 3. Evaluate how organizations identify, manage, and minimize risks by adopting the use of risk register table?
- Explain the factors that hinder the success of 5S 1.)Project sponsor is not decision maker 2.) Organizational policies 3.) Lack of experiencce in undertaking cross-functional activities 4.) Lack of top management support 5.) Implementation carried out through orders from the top 6.) Implementation done by task forces 7.) 5S treated as a project 8. )Emphasis on immediate results Justify as to how the management of the positive risk will influence theachievement of project objectivesc) Explain why it is important for a risk management process to cover both threat andopportunity. Make sure that you justify your reasons.Question twelveA firm has developed a new product X. They can either test the market or abandon the project. The details are set out below;Testing the market cost 50,000FCFA, while the likely outcomes are favourable with a probability of 0.7 or unfavourable (failure) with a probability of 0.3. If favourable they could either abandon or produce it. The demand, probability and loss/profit for the product when produced are anticipated and presented in the table below;DemandProbabilityProfit/lossLow 0.25- 100,000Medium 0.6150,000High0.15450,000If the test market indicates failure, the project would be abandoned. Abandonment at any stage results in a gain of 30,000FCFA for the special machinery used. a) Draw the decision tree showing the nodes and…briefly explain the difference between the main features of Enlightened planning approach and IRM Risk Management standard (with regards to the concept stage of project lifecycle). Show the understanding of the four frameworks and their inter relevance.