Determine the expected project duration time and variance

Assignment Help Basic Statistics
Reference no: EM13947773

PM Computers is an international manufacturer of computer equipment and software. It is going to introduce a number of new products in the coming year, and it wants to develop marketing programs to accompany the product introductions. The marketing program includes the preparation of printed materials distributed directly by the company and used by the company's marketing personnel, vendors, and representatives; print advertising in regular magazines, trade journals, and newspapers; and television commercials. The program also includes extensive training programs for marketing personnel, vendors, and representatives about the new products. A project management team with members from the marketing department and manufacturing areas has developed the following list of activities for the development fo the marketing program:

Activity

Activity Description

Activity
Predecessor

Time Estimates (days)

a

a

Preliminary budget and plan approval

-

10

15

20

b

Select marketing personnel for training

-

5

9

12

c

Develop overall media plan

a

15

25

30

d

Prepare separate media plans

c

12

20

25

e

Develop training plan

c

5

8

12

f

Design training course

e

6

14

20

g

Train marketing personnel

b, f

16

20

25

h

Plan TV commercials with agency

d

15

25

35

i

Draft in-house print materials

d

8

15

20

j

Develop print advertising layouts with agency

d

16

23

30

k

Review print advertising layouts

j

4

9

12

1

Review TV commercials

h

3

7

12

m

Review and print in-house materials

i

3

5

7

n

Release advertising to print media

g, i, k

2

4

8

o

Release TV commercials to networks

1

4

7

10

P

Final marketing personnel review

g, i, k

4

5

9

q

Run media advertising, mailings

m, n, o

15

20

30

Construct the network for this project and determine the activity schedule. Identify critical path and determine the expected project duration time and variance. What is the probability that the program can be completed within 4 months?

Reference no: EM13947773

Questions Cloud

Explain reasoning and support it with estimated calculations : What can you speculate regarding the time required to perform the transfer in each scenario?
Determine the earliest and latest start and finish times : Determine the earliest and latest start and finish times, the critical path, and the expected project duration. What is the probability that the center will complete its move before the start of the fall semester?
Compare values and beliefs of the ethnic minority : Compare and contrast the values and beliefs of the ethnic minority or racial group you chose with the majority group in the United States
What is the total contribution margin and optimal mix : Is the grinding constraint an internal constraint or an external constraint? Determine the optimal mix. What is the total contribution margin?
Determine the expected project duration time and variance : Construct the network for this project and determine the activity schedule. Identify critical path and determine the expected project duration time and variance. What is the probability that the program can be completed within 4 months?
Dry unit weight and the specific gravity of soil solids : The saturated unit weight of a soil is 20.1 kN/m3 at a moisture content of 22%. Determine (a) the dry unit weight and (b) the specific gravity of soil solids, Gs.
Explain how market demand drives the jit production system : Explain how market demand drives the JIT production system. Explain how a drummer constraint is used in the TOC approach to inventory management.
Management of the complications of chronic renal disease : Chronic Renal Disease is the progression of the loss of kidney function that occurs overtime. There are many complications that can occur with this disease.
Increase in heat transfer due to use of the fins : Annular fins are integrally cast with the cylinder to increase heat transfer to the surroundings. Consider five such fins, which are of thickness t = 6 mm, length L = 20 mm, and equally spaced. What is the increase in heat transfer due to use of th..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd