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Rob D. Store is an accountant who prepares tax returns for customers who submit their income information via the Internet. One of Rob's problems is to figure out when he can promise customers that their tax returns will be ready for their signatures and filing. Rob (who has studied project management in his MBA program) knows there are four tasks that must be completed for each tax return. He is also aware that the durations of these tasks are uncertain and vary according to known probabilities. The precedence relationships and possible task durations are given in this table: Task Days Prob Task (A) 2, 0.6, 3 0.2 4 0.2 Task (1.3) 1 0.1 4 0.9 Task (2.4) 7 0.6 9 0.4 Task (3.4) 10 0.5 2 0.5 a. If Rob uses the classic PERT model and wants to give a customer a due date that has at least a 60 percent chance of occurring, what is the earliest date that Rob can promise the customer's tax return will be completed? b. In reality, what is the earliest date that Rob should promise the tax return will be completed with at least a 60 percent probability that this will occur?
Martin made an oral contract with Cresheim Garage to work as its manager for two years. Was the contract binding?
Heather Adams, production manager for a Colorado exercise equipment, needs to schedule an order for 50 UltimatSteppers, which are to be shipped in week 8. Subscripts indicate quantity required for each parent.
Identify key gaps in planning for the exit. Provide recommendations on the exit strategy. Is the sale the right one? What steps ought to be taken to maximize the sales-price?
Search the internet to find product failures and select one example. identify and discuss the primary reason the product failed.
Klint Microsystems, a microprocessor manufacturer, was contracted by Zeitar Studios to manufacture specially designed microchips to be used in an audio engineering process. Zeitar was to pay Klint $300,000 as per the contract. Klint then resold the c..
What do defenders of the market approach to environmental responsibilities state about the ability of economic markets to achieve a sound environmental policy? Discuss if their responses are environmentally adequate.
Briefly describe how project scope can/should be verified. Do you always need to verify project scope thoroughly and completely? Why or why not? How do you know if you have verified project scope thoroughly and completely?
Sid burned his own warehouse in order to collect on a fire insurance policy. Sid has committed:
What is the impact of vigorous enforcement of intellectual property rights on the global economy? Who gains and who loses from strict enforcement of these rights?
Complete a SWOT analysis for home health. What will be your "keys to success"? What are the "critical issues"? What is your market environment like? Make sure you include positioning of your product (s). Complete a rough draft of the appropriate sect..
The resources needed to support operations and implement strategic initiatives can far surpass those available. What is the role of the board in establishing organizational priorities? How do you know which winning ideas are worth pursuing now? Ho..
Use appropriate nodes and arrows to draw the network diagram. On the network diagram, label the activity time under each node.
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