Answered: You’re managing a construction project…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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You’re managing a construction project to install several hundred air
conditioner panels in a new office building. Every floor has identical
panels. The customer, a construction contracting company, has provided
specifications for the installations. The team is using a process to install and
verify each panel. As the team completes each panel, your team’s quality
control inspector measures it and identifies defects. The root cause of each
defect is identified. You want to identify the ongoing trends of defective
installations. Which is the BEST tool to use for this?
A. Control chart
B. Fishbone diagram
C. Run Chart
D. Pareto chart

Which risk analysis tool is used to model your risks on a computer to show
random probabilities?
A. Monte Carlo analysis
B. Computerized risk audit
C. EMV analysis
D. Delphi technique

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