What is the expected price of the material

Assignment Help Other Subject
Reference no: EM13188548

a) You are the project manager for a new high-rise office building. You are working on estimating the exterior landscaping for the new development. The landscaping requires the use of a special landscape stone. Based on recent experience, the most likely price for the material is $120.00/ton. However, the price for this stone is volatile, and the price fluctuates over time based on market conditions and material availability. The most optimistic price estimate is $100.00/ton, and the most pessimistic estimate is $200.00/ton. (Note there are 3 data points in for this estimate.) 

What is the expected price of the material? 

b) In addition to price fluctuations, you are also uncertain of how much of the material will be required for the project. Scope changes and site conditions will affect the amount of material actually needed. The most likely amount required is 36 tons. However, as little as 32 tons or as much as 44 tons might be required.

What is the expected amount of the material needed for the project?

c) Using the estimates from (a) & (b) what is the expected cost for the material over the life of the project using the COMPLEX method?

Reference no: EM13188548

Questions Cloud

The panic of 1819 got many people involved in politics : The panic of 1819 got many people involved in politics because they resented
Autonomic nervous system : The branch of the autonomic nervous system that slows down the body as it recovers from exposure to a stressor is the _______________ nervous system
Ethical perspectives or business ethics : Locate two articles discussing the ethical perspectives or business ethics of a foreign country. Each article must contain information on a different foreign country on a different continent;
Walk into the shade under a tall tree : You now walk into the shade under a tall tree. You notice that you can still see the light bulb in your hand. Remembering that light travels in a straight line,explain why you can still see the bulb while standing in the shade?
What is the expected price of the material : You are the project manager for a new high-rise office building. You are working on estimating the exterior landscaping for the new development. The landscaping requires the use of a special landscape stone.
Is the glowing power company liable for the damages : State X licensed the Glowing Power Company to operate several nuclear power plants within its territory. Despite all due care, an accident occurred at one of those plants and a large cloud of radioactive dust escaped into the atmosphere.
The it department at hamelinhospital : HamelinHospital is a large (700-bed) regional hospital in the northeasternUnited States. The information technology (IT) department employs75 people and has an operating budget of over $35 million
Identify protocol and parameters for devise of an hr dbms : Assume that you are the HR manager and that your organisation requires you to provide a plan and a set of recommendations that would identify protocol and parameters for devise of an HR DBMS
Is it easier to spot highs-lows-possible trends on histogram : Is it easier to spot highs, lows and possible trends on a histogram? During how many years of the 1950s did San Antonio receive below average rainfall? Was this the longest continuous period of below average rainfall recorded?

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

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