Discuss importance of correlation-probabilistic branching

Assignment Help Operation Management
Reference no: EM13845612

Discuss the importance of correlation, probabilistic branching and probabilistic calendars and how the aforementioned are useful for project cost risk analysis. Discuss how you would incorporate correlation, probabilistic branching and probabilistic calendars into your risk analysis.

Reference no: EM13845612

Questions Cloud

What are the business dimensions for your analysis : You are the vice president of marketing for a nation-wide appliance manufacturer with three production plants. Describe any three different ways you will tend to analyze your sales. What are the business dimensions for your analysis?
Data warehouse project at a retail chain : You are the manager for the data warehouse project at a retail chain with stores all across the country and users in every store. How will you ensure that all the details necessary to decide on the DBMS are gathered during the requirements phase? Wri..
About fundamental aspects of quality-cost of quality : Although a balanced score card is probably the way to go, most companies don't seem to have a clue about the more fundamental aspects of quality, such as the cost of quality. So let's start here. Just what do we mean when we talk about the cost of qu..
Aggregate planning in manufacturing and services : Why is it important to update a sales and operations plan on a regular basis, using a rolling time horizon approach? 3. What is the major difference between aggregate planning in manufacturing and aggregate planning in services?
Discuss importance of correlation-probabilistic branching : Discuss the importance of correlation, probabilistic branching and probabilistic calendars and how the aforementioned are useful for project cost risk analysis. Discuss how you would incorporate correlation, probabilistic branching and probabilistic ..
Discuss how the data resource management methods : As more and more data are collected, stored, processed, and disseminated by organizations, new and innovative ways to manage them must be developed. Discuss how the data resource management methods of today will need to evolve as more types of data e..
Discuss the pros and cons of CPM scheduling : Discuss the pros and cons of CPM scheduling. In your response discuss how to maximize the pros of CPM scheduling and how to minimize the cons of CPM scheduling. Provide an example of a pro for CPM scheduling and a con for CPM scheduling.
Conduct search within the CSU-Global Library : Conduct a search within the CSU-Global Library or on the internet and locate at least one article on the topic of human resources management. The article is to be published in an HR-related journal or industry-related periodical.  Highlight any new i..
Anticipatory socialization-accommodation-role management : Please describe the process by which you were socialized into your organization. The organization can be your place of employment, or some other entity such as a church, a club, or an association. Be sure to clearly describe the specific activities t..

Reviews

Write a Review

Operation Management Questions & Answers

  Should there be a mid-size business preference

What are some of the potential issues and concerns that might arise from this scenario? Do mid-size companies provide any advantages over either a small business or an industry behemoth? If so, what?

  Which of the above has the greatest impact to profitability

Assume that a firm produces a consumer product at a variable cost of $7.25 and has fixed cost of $75,000 per month. Currently the firm sells 14,000 units per month priced at $14 per unit. Which of the above has the greatest impact to profitability?

  Speed up a floor buffing machine by putting a different

Joseph had an idea that he could speed up a floor buffing machine by putting a different motor on it.

  Ways of addressing a new and virulent contagious disease

What are the ways of addressing a new and virulent contagious disease. Discuss in detail about the countries which have faced epidemics in the past. What would have been the possible reasons for such outbreaks

  Finding the crossover point

A product is currently made in a process-focused shop, where fixed costs are $9000 per year and variable cost is $50 per unit. The firm is considering a fundamental shift in process, to repetitive manufacture.

  Provide a formulation to minimize the number of police

A station can serve several districts, but every district must be served by at least one station. Provide a formulation to minimize the number of police stations required to serve Little Rock districts.

  What is the purpose of outsourcing

What is the purpose of outsourcing? How can it be helpful to a company's growth? How can it be harmful? Give examples to support your answer.

  Question regarding the operations management

The number of plumbing repair jobs performed by Augur's Plumbing Service in each of the last three months is listed below.

  Analyze internal and external business processes

Models of the AS IS Process and the TO BE Process. In the textbook, on pages 63-67, several different methods of modeling business processes are illustrated.

  Why is it important for facebook to have an open system

Why is it important for Facebook to have an open system where other developers can make content for the website?

  Why is it important to continuously update implementation

Why is it important to continuously update the implementation and communication of a strategic plan? Who should be responsible for updating and communicating a strategic plan? Why?

  Locate the fire station using the center-of-gravity model

If it is anticipated that zone 2 (which houses senior residents) will be visited twice as frequently as any other zone, where would you locate the fire station using the center-of-gravity model?

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