Health information technology project

Assignment Help Business Management
Reference no: EM131337896

You are the project manager for a large health information technology project. You are confronted with an important decision on your project: How much posttesting of the design is appropriate for this project? Employ decision tree analysis to provide senior management with the best course of action for this decision.

For this decision, you have three possible choices: no posttesting of the design, moderate posttesting of the design, or full posttesting of the design. No posttesting will incur no additional costs due to testing and has a 25% chance of a successful implementation. If it is unsuccessful, rework costs are likely to be $30 million dollars. Moderate testing will cost $5 million and has a 50% chance of success. If it is unsuccessful, rework costs are likely to be $30 million. Full testing will cost $10 million and has a 75% chance of success. If it is unsuccessful, rework costs are likely to be $30 million. Which solution is appropriate for this project?

Reference no: EM131337896

Questions Cloud

Determine implied volatility of the underlying stock : A call option is made at t=0 and expires in 3 months. Strike price is $90 but price today is $80. Risk free rate is 4%. Draw a graph that shows the price as a function of volatility and explain the graph. Determine implied volatility of the underlyin..
Develop the intro more by discussing chipotle corporate : Develop the Intro more by discussing chipotle corporate social responsibility in clear details, also need to make the research question clearer.
How-and in what limited ways-might reading made to matter : ENGL1011:What is to be done? What is to be done? Only those utterly indifferent to the suffering of others can forestall asking this question for long.How-and in what limited ways-might reading and writing be made to matter in the new world that is..
Explore the factors impacting e-commerce adoption : E-COMMERCE (COMP 1008) - Explore the factors impacting e-commerce adoption in food industry in Oman and Consumption of E-Banking services by consumers in Pakistan and the Adoption of e-Banking: The Case of Omani Banks
Health information technology project : You are the project manager for a large health information technology project. You are confronted with an important decision on your project: How much posttesting of the design is appropriate for this project? Employ decision tree analysis to prov..
Write the given netflix essay : Illustrate what went wrong when Netflix deviated from its original business plan. Also, examine how the managers and executives dealt with the reactions to the changes.
Find appropriate statistic that will help to understand data : Find appropriate statistics that will help to understand the data set. Are there any notable features? Are there any outliers? Describe the key elements of center, variation, distribution, and outliers.
Discuss about the intellectual standards : In your first paragraph, write a detailed description of the standard you have selected and why you selected it.Then, in a paragraph each, describe how that standard has helped you in your work life, in your school life, and in your personal life. ..
Design a psychological skills training program : Design a Psychological Skills Training program for a collegiate athlete of your choice. Select an athlete and the sport, explain the issues, and then create a comprehensive Psychological Skills Training Program

Reviews

Write a Review

Business Management Questions & Answers

  What strategies can be used to increase ticket sales

What strategies can be used to increase merchandise sales, from the standpoint of both the product selection and promotion during the concert?

  Identify key success factors for implementation

Identify key success factors for implementation Critical succes factors.

  Intro straightscape is a tool that a person

Intro StraightScape is a tool that a person who cuts their own hair can use to get straight line ups in the front and in the back of their head. It can also be used to prepare various hairstyles and help a person shave their facial hairs with ease. I..

  Competitive with usair

In 2011, American Airlines had labor cost of $7,053,000,000 and ASM of 154,321,000,000. If they are successful in cutting $1.25 billion per year, what would their labor cost/ASM be and would that be competitive with USAir?

  What is the npv of the lease

The copier wouldcost $8,100 to buy and would be depreciated using the straight-linemethod to zero salvage over nine years. The firm can borrow at arate of 8%. The corporate tax rate is 30%. What is the NPV of the lease?

  Characteristics of high performance workplaces

Describe how high-performance workplaces and organizations differ from traditional organizations in terms of operational effectiveness, workplace stress, and organizational dynamics.

  Quantitative analysis

How is forecasting done in your work environment?

  Retention strategy

We are an outside consulting team and we have to propose a strategy for ABS in finding ways of retaining employees in the public sector because they are leaving for private sector positions.

  Accounting treatment of government grants

State the two broad approaches to the accounting treatment of government grants and the arguments in support of each of them.

  Illustrate what is the nominal annual breakeven rate

Explain how low would the yield to maturity on the new bonds have to be in order for it to be profitable to call the bonds today, i.e., illustrate what is the nominal annual "breakeven rate"?

  Analyze the effect of therapies on stalking-type behaviors

Analyze the effect of the therapies on stalking-type behaviors after therapy ended while controlling for initial number of hours of stalking-type behaviors.

  Calculate his likely cash balance or deficit for the end

Calculate his likely cash balance or deficit for the end of the year. Start with beginning cash and subtract the asset buildup (equal to 50 percent of the sales increase) and add in profit.

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