Reference no: EM132527823
Assignment: Option 1: Beta Distribution
(Note: This subject is often included in the PMP exam questions.)
You are the project manager for the Sweep Time software project. You have decided to use the beta distribution, or 3-point estimation, technique for this project. For the "phase 1 test" activity in days, the following estimates are available: O=5, P=10, M=6.
Address the following:
1. Explain beta distribution, when it is used, and the benefits and shortcomings of the technique.
2. What is the result of this estimate in the example?
3. How does a skew from the mean/median figure relate to planning a project? That is, if your beta is 7.5 and your M=6, how do these relate?
Submission: • Write a 3- to 4-page paper addressing beta distribution. The length does not include the required title and references pages, and the appendix in which you show your calculations.
• Support your paper with a minimum of two current scholarly sources.
Differences between the speech given by old major
: Differences between the speech given by Old Major in chapter one, and Lenin in 1919.
|
Industry experts believe blockchain is technology
: Industry experts believe blockchain is a technology that has the potential to affect the business of most IT professionals in the next five years.
|
What are the basic hand strikes in taekwondo
: What are the basic hand strikes in taekwondo?
|
How much sales do you expect to generate
: How much sales do you expect to generate in the overseas market in the 2nd quarter of 2020based on the least squares line? In your work
|
Explain beta distribution and the benefits of the technique
: Explain beta distribution, when it is used, and the benefits and shortcomings of the technique. What is the result of this estimate in the example?
|
What journal entries would be made relative to the facts
: Instructions - Assuming that actual warranty costs are incurred exactly as estimated, what journal entries would be made relative to the following facts
|
Why did not strategy work
: Why do you think the author/producer thought this message would be effective? In other words, what was the strategy behind the message?
|
Emerging threats and counter measures
: A threat is an event which has the potential to adversely affect assets.
|
Determine the minimum acceptable return on investment
: The Eastern Division has $350,000 of invested assets, operating income of $200,000, and residual income of $151,000. Determine the minimum acceptable return
|