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Activity Optimistic Time Most Likely Time Pessimistic Time Immediate Predecessor(s) Variance Expected TimeA 3 6 9 none 1.000 6.00B 3 5 7 A 0.444 5.00C 4 7 12 A 1.778 7.33D 4 8 10 B 1.000 7.67E 5 10 16 C 3.361 10.17F 3 4 5 D,E 0.111 4.00G 3 6 8 D,E 0.694 5.83H 5 6 10 F 0.694 6.33I 5 8 11 G 1.000 8.00J 3 3 3 H,I 0.000 3.00
The critical path is A-C-E-G-I-J.
(a) Calculate the probability that the project will be completed in 38 weeks.
(b) Calculate the probability that the project will be completed in 42 weeks.
The project life cycle typically passes through four stages: definition, planning, execution, and delivery. Do situations exist in which projects may not pass through each of these typical stages?
In spite of their poor cost performance, why do you think these projects were supported to their conclusion? What would it take to kill a high-visibility project such as these?
Determine the expected time and variance for each activity.
What are some prerequisites for using Bayesian statistics?
The Chaos report lists a variety of success factors that affect project management. This includes user involvement, executive management support, proper planning, clear statement of requirements.
Suppose you now wanted to calculate duration estimates for these activities. How would you make use of the following approaches?
What criteria would managers use to manage this trade-off? How do social analytics aid an organization?
Analysis of the overall project risk
Appraise cultural issues to avoid pitfalls and manage international projects successfully.
What are the differences between qualitative and quantitative risk analysis? Explain.
Suppose that you are interested in buying yourself a new computer. Create a cost-benefit analysis that illustrates the return on investment that you would receive from purchasing a computer
What types of characteristics/qualities do you prefer in your employees?
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