Barbara Gordon, the project manager for web Ventures, Inc., compiled a table showing time estimate for each
Question:
Barbara Gordon, the project manager for web Ventures, Inc., compiled a table showing time estimate for each of the company’s manufacturing activities of a project, including optimistic, most likely and pessimistic,
a. Calculate the expected time, te for each activity.
b. Calculate the variance, Ï2 for each activity
Transcribed Image Text:
Activity Optimistic (days) Most Likely (days) Pessimistic (days) 19 18 16 20 12 15
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (22 reviews)
Web Ventures Inc Activity Statistics Activity Optimistic Most L...View the full answer
Answered By
Ayush Mishra
I am a certified online tutor, with more than 3 years of experience in online tutoring. My tutoring subjects include: Physics, Mathematics and Mechanical engineering. I have also been awarded as best tutor for year 2019 in my previous organisation. Being a Mechanical Engineer, I love to tell the application of the concepts of science and mathematics in the real world. This help students to develop interest and makes learning fun and easy. This in turn, automatically improves their grades in the subject. I teach students to get prepared for college entry level exam. I also use to teach undergraduate students and guide them through their career aim.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Operations management processes and supply chain
ISBN: 978-0136065760
9th edition
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
Question Posted:
Students also viewed these Management Leadership questions
-
The project manager for the project in Problem 1 has estimated the probabilities of not detecting the risks in time to react to them as follows, again on a seven-point scale: Threat 1: 4, Threat 2:...
-
1. Identify each of the company s expenses (including cost of goods sold) as either variable fixed or mixed. 2. Using the high-low method separate each mixed expense into variable and fixed elements....
-
You are the project manager for Eagle Golf Corporation. You are considering manufacturing a new golf wedge with a unique groove design. You have put together the estimates in the following table...
-
Consider the following. (a) Find aw s aw at (b) Find aw s w at w = x cos(yz), x = s, y = t, z =s - 2t aw aw by using the appropriate Chain Rule. (Enter your answers in terms of s and t.) s at aw s...
-
A 2,000 square foot house in New Jersey j costs $1,725 each winter to heat with its existing oil-burning furnace. For an investment of $5,000, a natural gas furnace can be installed, and the winter...
-
Basing on the " Artificial Intelligence for the Real World" article by Thomas H. Davenport, Rajeev Ronanki and published by the Harvard Business Review. Answer the following questions: Discuss the...
-
Prepare closing entries from the ledger : The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $800; Services Revenue $13,000;...
-
Vivian Milroy Callaway (photo on page 216), vice president for the Center for Learning and Experimentation at General Mills, retells the story for the indulgent, delicious, and gooey Warm Delights....
-
EXAMPLE The firm is considering a project of building new production facilities on its own piece of land. It is necessary to remove some buildings and move the equipment. Are the following cash flows...
-
Of the following items of property, plant, and equipment, which one must be tested for impairment under IFRS? A A commercial building was purchased last year and there have been no comparable...
-
Consider the following project information. a. Draw the network diagram for this project. b. Specify the critical path. c. Calculate the slack for activities A and D. d. What happens to the slack for...
-
Recently, you were assigned to manage a project for your company. You have constructed a network diagram depicting the various activities in the project. In addition, you have asked your team to...
-
For each of the following situations, indicate whether the analysis is an example of a descriptive analytic, diagnostic analytic, predictive analytic, or prescriptive analytic. 1. An accounting firm...
-
Pop Company holds 70% of Son Company stock. Pop has sold inventory to Son Company as follows: Percent of Sold Sales Inventory Cost to Price to Held at Year Pop Son Year end 2018 $203,000 $355,000 30%...
-
A B C D E F G H J K L 1 Cost Mortgage Payments 2 Cost Description The upscale hotel's building was acquired for $10 million, leading to monthly mortgage payments of $60,000. Behavior Dollar Amount...
-
What celebrity attributes make for effective celebrity product endorsements? Celebrity testimonials are advertising messages delivered by famous people who say or imply that they use the...
-
Initial investment of $100,000 in a new medical equipment. Interest Rate 10% (Borrowed money from a bank). Item Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Investment 100,000 Expected Cash Flow 20,000...
-
How do I draw a top view of this sketch and I was also wondering how to draw an oblique cabinet projection. + + 1 1 ' '
-
Refer to the instructions in the preceding question: Repeat those instructions for the following transactions. a Amortization of patent, treated as an expense. b Amortization of patent, charged to...
-
Shreemaya Hotel in !adore was facing a problem of low demand for its rooms due to off season. The Managing Director (MD) of the hotel, Mrs. Sakina was very worried. She called upon the Marketing...
-
European countries have relied to a much greater extent on emissions charges than has the United States, which seems to be moving toward a greater reliance on cap-and-trade. From an efficiency point...
-
What are some typical issues involved in employee scheduling?
-
What are some typical issues involved in employee scheduling?
-
What quantitative techniques are available to help develop employee schedules? What quantitative techniques are available for advanced planning and scheduling systems?
-
Which of the following statements regarding traditional cost accounting systems is false? a. Products are often over or under cost in traditional cost accounting systems. b. Most traditional cost...
-
Bart is a college student. Since his plan is to get a job immediately after graduation, he determines that he will need about $250,000 in life insurance to provide for his future wife and children...
-
Reporting Financial Statement Effects of Bond Transactions (please show me how you got the answers) Lundholm, Inc., which reports financial statements each December 31, is authorized to issue...
Study smarter with the SolutionInn App