Expected project completion time for the construction

Assignment Help Operation Management
Reference no: EM131418219

Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 24 months, and the project variance is 9.

a) The probability that the project will be completed in 15 months = (round your response to four decimal places).

b) The probability that the project will be completed in 23 months =  (round your response to four decimal places).

c) The probability that the project will be completed in 27 months =  (round your response to four decimal places).

d) The probability that the project will be completed in 33 months =  (round your response to four decimal places).

e) The due date that yields a 95% chance of completion = __________ months (round your response to two decimal places).

Reference no: EM131418219

Questions Cloud

Interested in the mass marketing : Patricia Zell, a dollmaker from Olney, Maryland, is interested in the mass marketing and production of a ceramic doll of her own design called Tiny Trisha. The initial investment required for plant and equipment is estimated at $25,000. Labor and mat..
Recently appointed as manager of small firm selling product : You were recently appointed as a manager of a small firm selling product X. Your first goal is to increase the firm’s revenue. Whiles contemplating on this, a friend suggested that increase the price of product X. With the knowledge of price elastici..
Explain the concept of corporate social responsibility : Briefly explain the concept of corporate social responsibility (CSR). Provide an example of a company that effectively embraces that concept. Then briefly explain how that company uses CSR in its advertising campaigns.
Determine the plant rate and the number of machines : It is desired to produce 2500 units of a product in an 8-hour shift, there is a lunch break of 30 minutes, two coffee breaks of 10 minutes each during the day, and the plant efficiency is estimated at 92%. If the time standard is found to be 1.15 min..
Expected project completion time for the construction : Adam Munson was able to determine that expected project completion time for the construction of a pleasure yacht is 24 months and project variance is 9.
Customers might react negatively : Customers might react negatively when they find out where a product has been manufactured. Briefly explain the concept of country-of-origin effect. Then briefly provide an example of how reading a product’s label could negatively affect the sales of ..
The design of a product can be an important factor : The design of a product can be an important factor in consumer purchases. In your opinion, what is the most important factor that a company should consider when making a product design decision for an international brand? As the marketing manager for..
Differentiation is when a product is perceived as unique : Differentiation is when a product is perceived as unique or superior from the products of competitors. State a product to which you are brand loyal. Then briefly explain how that product is unique or superior to its competitors.
Personal selling is face-to-face communication : Personal selling is a face-to-face communication between a prospective buyer and a sales representative of the company. Provide a specific example of a product should is best sold by using personal selling. Then briefly explain how it would be a chal..

Reviews

Write a Review

Operation Management Questions & Answers

  Describe your risk profile-risk seeking and risk neutral

Describe your risk profile—risk seeking, risk neutral, or risk averse. What are the pitfalls of your risk attitude? How can knowing your manager’s desirability curve come in handy during the decision-making process?

  Working as an individual or in team of three or more people

Working as an individual or in a team of three or more people, use DMAIC to improve a process in one or more of the organizations below:

  Discuss the idea that an information system by itself

Discuss the idea that an information system by itself can rarely provide a sustainable competitive advantage?

  Efficient way for a business to combat the spam problem

Examine the problems with SPAM and then offer an efficient way for a business to combat the spam problem. Be sure you define SPAM, indicate you know where SPAM originates and its intent, the problem with SPAM for businesses, and different ways busine..

  What are some reasons that employers fail to remit on time

Employers are required, by law, to remit payroll taxes withheld from employees' paychecks on a timely basis. In addition, employers must remit their portion of the payroll taxes. Explain what comprises the employer portion of the payroll tax liabilit..

  Should government be run like a business

Should government be run like a business? Why or Why not? From the readings and Instructor Insights, describe how public or non profit management and business management are alike -but different? Be sure to identify specific attributes.

  Evaluate the seriousness and scope of the discrimination

Evaluate the seriousness and scope of the discrimination. What could have been done to prevent the discriminatory practices in the first place? Provide specific action steps you would recommend

  Vacation benefits unfair to some employees

Are carryover provisions in paid sick leave and vacation benefits unfair to some employees? If yes, for whom are the provisions unfair? In either case, explain the rational for your answers

  Compare and contrast the following definitions of quality

Compare and contrast the following definitions of quality. Definition 1: Quality is the totality of features and characteristics of a product or service that bears on its ability to satisfy given needs. Definition 2: Quality is meeting or exceedin..

  Safety practitioner to use macro thinking

Why is it important for the safety practitioner to use macro thinking? Provide one or two examples that support your discussion. Your response must be at least 75 words in length.

  Strong emphasis on cost reduction

Mohawk Industries Inc. is the largest designer, maker, and seller of carpets in the United States. In a separate division, the firm's product line also includes floor tile, pillows, and bed linens. Mohawk has a strong emphasis on cost reduction. If t..

  Constitutional law on business and e-commerce

Please discuss the impact of Constitutional Law on Business and E-Commerce, emphasizing the connections between business, law, politics and ethics. Please include a discussion of the Supremacy Clause and how it works?

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