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A Project Manager wants to pick the most efficient vendor to test a new prototype. He has previous experience with 3 testing companies. Prototype testing is a highly variable activity as shown in the table below. (HINT: For example, Company X completes testing in 40 hours in 60% of cases while it takes 90 hours in the remaining 40% of tests).
Company Probability Hours Required Cost / Hour X 60% 40 $12 40% 90 Y 10% 10 $11 20% 20 30% 60 40% 100 Z 50% 25 $10 40% 90 10% 200 a. Which testing company should be picked if the Project Manager is primarily interested in completing the task in the shortest time?b. Which testing company should be picked if the Project Manager is primarily concerned with completing the task for the lowest cost?
Out of the eight traits associated with being an effective project manager, choose three that you possess and how do these traits contribute to effectively managing the execution of a project
Prepare a project schedule in Microsoft Project 2007 and explain the rationale behind time and cost estimation methods and why you would chose one method over another
Handling a crisis by the Obama administration - During a recent visit to Colombia, several members of the Secret Service apparently engaged in various forms of misconduct.
Develop a cost analysis of the above items relating to the library project so we have hard numbers to work with and have a monetary value for reporting and audit purposes.
Due to these issues the Treasury Department are not paying incentive payments to these banks.
Establishment of customer service department to address client's issues and requirements and conducting daily meeting for particular projects to review the progress of the project and to open the floor for new idea and suggestions.
project management and riskcomment on below.risk management is a major component of successful project management. from
salvage value of a projectgrant publishing just undertook a project that required a 340000 investment in nowc which
Multitasking has become the norm in our everyday society and why is it important for a project manager to be aware of multitasking during a project?
What would you consider the attributes of high-performing project teams?
Determine whether a steel company or a retail food chain would have a greater business risk and calculate the return on equity (ROE) for 2010 and 2014, using all of the five components.
task 1evaluate the use of three different process planning techniquesselect and assess the use of a capacity assessment
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