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Simulation Methods: Project Risks
Describe the possible benefits to using one of the simulation methods when assessing for possible project risks. Why is this method better for some projects than risk mapping, FMEA, the gut-feeling method, and the Delphi method?
Simulate this model and determine the number of agents needed to achieve an average waiting time of 5 minutes or less. This will require an iterative approach in which you run the model with one server, then with two servers, three servers and so ..
What are the critical path and duration of the project?
American Express marketers say they do not use the percentage-of-sales approach to advertising budgeting because if sales decrease in the segment, so will their budget.
Write a report on Managerial Roles and Gap Analysis
Assume you are analyzing the market opportunity of a distance learning company, Learnmore.com that creates education courses delivered over the Internet for the Fortune 1000 corporate market. Assume that the overall size of the distance learning m..
Role of the Project Manager and Project Sponsor - Explain what can the project sponsor do to help the project manager?
Ensure that project goals support corporate strategies.
Would the firm's break-even point increase or decrease if it made the change?
Project Procurement and Contract Management - Explain what are the tasks that the purchasing function performs and how does successful procurement affect the various phases of a project?
What do you understand by the term Scheduling? Explain how the following ways for duration compression of a project can be achieved- Fast tracking Crashing
Why would a project be categorized by its risk class? What effect does this categorization have on the cost of capital?
Discuss if the project organization reflects organizational strategies and discuss if there has been a proper selection of project sponsor and project manager
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