Evaluate the situation and decide whether to try all over

Assignment Help Project Management

Reference no: EM133383843

Question: Production of Chipset by the project team "Start-up" costs (fixed plus production costs) $100,000. Probability of 0.40 that the production will succeed Probability of 0.60 that the production will fail. If the production fails, the project team will have to re-evaluate the situation and decide whether to try all over again. If the team decides to try all over again: The project must incur the "start-up" costs plus it must spend an additional $100,000 to redesign the chipset. The probability of success is estimated to be 0.90. The probability of failure is estimated to be 0.10. If failure occurs, the chip must be purchased from an outside vendor. Purchasing the chipset from Galactic. The project must pay the vendor $100,000 in development costs plus $50 per chipset.

Reference no: EM133383843

Questions Cloud

Find one online article about an employee or employees : Find one online article about an employee or employees who are in conflict with their organization's values. In one page, summarize the article.

What are the risk factors for a cm at risk : My question is, what are the risk factors for a CM at risk, and how could they mitigate them? If you are hired as a CM and start working on the project during

What the company needs to do going forward to be sustainable : Do a complete Industry Analysis of the company STITCH FIX. Once you have completed the analysis, provided a detailed report of your findings.

Why time and material contracts are considered : how a win-win outcome of the negotiation between the buyer and seller. Explain why time and material contracts are considered to be beneficial to the buyer

Evaluate the situation and decide whether to try all over : The probability of success is estimated to be 0.90. The probability of failure is estimated to be 0.10. If failure occurs, the chip must be purchased from

Design a programme of research and investigation : EGR9045M Research Methods and Engineering Innovation, University of Lincoln - Demonstration of systematic knowledge in the selected subject area and evidence

Discuss this tweet in reference to the role of geopolitics : Brain Lilley said in a tweet that the federal interest payment in the debt is rising faster than the federal increase to health funding.

Develop a new quality control program for the organization : You are hired to work as a Project Manager in ZPharma, a pharmaceutical company in Toronto, to develop a new quality control program for the organization's drug

Preparing a project health assessment template : Preparing a Project Health Assessment Template- Group Please refer to the Toronto Transit System case study project. You have to design a project health

User Account

All Pages