Define total contingency duration as forecast

Assignment Help Operation Management
Reference no: EM132163752

Assignment - Post your Team Progress Report with your final risk adjusted project plan.

Post your Team Progress Report with your final risk adjusted project plan in the designated Session discussion forum.

For the Risk Adjusted Plan, you would do the following:

1. Create an Excel for Risk Register:

1.1 Include Project Risks. For each risk identified, include Mitigation, Start/Finish dates, Contingency Durations, and Contingency Cost for each.

2. Run Simulation to show your 90% confidence for Total contingency duration and Total contingency cost estimation.

2.1 First, you will run simulation for 90% confidence of your contingency duration.

2.1.1 You can use BetaPert distribution for your input assumptions.

2.1.2 Define your individual risk durations as assumptions.

2.1.3 Define total contingency duration as Forecast.

2.1.4 Run simulation and show 90% confidence.

2.2 Repeat step 2.1 for contingency cost and show 90% confidence.

3. Submit Excel with simulation data and charts for step 2.1 and 2.2.

4. Enter the risk mitigation tasks (with cost/resources) in MSP; make sure to highlight the new tasks, so they are easily identified.

5. Submit the Risk Register, revised MSP, Simulation Excel sheet(s) and Status Report.

Attachment:- Assignment Files.rar

Reference no: EM132163752

Questions Cloud

Explaining the differences in the siblings jane and john : Apply the behaviorist theory in explaining the differences in the siblings Jane and John. Apply the biological theory in explaining the differences.
Impact on the success of the strategic alliance : What will be the Ideal Research Design when testing if a country's economy has an impact on the success of the strategic alliance?
European government bond rate : Assume that the one-year U.S. Treasury bond rate is 3% and the similar European government bond rate is 5%. Comparing these inflation rates
Would you consider going solo- as opposed to a collaborative : Why might a firm want to consider quantitative and qualitative assessments of a project? Can you cite and example?
Define total contingency duration as forecast : Post your Team Progress Report with your final risk adjusted project plan. Define total contingency duration as Forecast
Do people who use facebook have legitimate claim to privacy : Do people who use Facebook have a legitimate claim to privacy when they themselves are posting information about themselves?
The difference between iso 9000 and total quality management : What are the differences and similarities between ISO 9000 and Total Quality Management?
Identify the cultural dimensions of human behavior : Based on your educational experience, describe how the program helped to prepare you to identify the cultural dimensions of human behavior at the individual.
How should the company measure organizational performance : What criteria will be used when determining whether company objectives are measurable and verifiable?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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