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There are five common methods in project management for estimating the cost of a project that include the bottom-up method, top-down method, analogy method, expert judgment method, and parametric method. Select and critically evaluate an estimating method. In your evaluation, do the following: Explain the method and provide a detailed example that demonstrates how it would be used to plan a project in a real or hypothetical scenario. Describe the advantages and disadvantages of this method in your scenario. Explain why this would be the best method for the scenario you described versus the other available methods.
receive customer order from Counter Employee, retrieve uncooked food, drop food into fry vat, wrap cooked food into special packaging
What are the key concepts that underlie the construction and interpretation of control charts?
Assume that the objective function coefficient for X remains 8, but the objective function coefficient for Y changes from12 to 6. Does the optimal solution change?Use the graphical solution procedure to find the new optimal solution.
Develop an MRP planning schedule showing gross also net requirements, order release also order receipt dates.
A small furniture manufacturer produces tables and chairs. Each product must go through three stages of the manufacturing process: assembly, finishing, and inspection. Each table requires 3 hours of assembly, 2 hours of finishing, and 1 hour of inspe..
The IOM and the Leap Frog Group are concerned with the number of medical errors that exist in healthcare. Working to reduce this number is part of the healthcare administrator and professionals’ social responsibility. Generate at least two ideas for ..
What do you notice about the verbal discourse of an organization? What can you discern about the nature of the organization from its discourse? What about the discourse of artifacts and symbols? What added information about the organization do they o..
Provide one example of a sitution in which it seems to be more important for a business to be ethical than lawful, and one example of a situation in which it seems more important for a business to be lawful rather than ethical.
An automatic filling machine is used to fill 1- liter bottles of cola. The machines output is approximately normal with a mean of 1.0 liter and a standard deviation of 0.1 liter. determine upper and lower control limits that will include roughly 97% ..
The mean lifetime of all light bulbs produced by a manufacturer is unknown. A sample of 144 bulbs is randomly selected and tested.
The Oneill shoe Manufacturing Company will produce a special style shoe if the order size is large enough to provide a reasonable profit. For each special style order the company incures a fixed cost of $2,000 for the production set up. The VC is $60..
Compute the cost to produce 300 units using machine #1 and then by machine #2, and using an =IF statement, tell me which machine is cheaper
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