In addition to price fluctuations you are also uncertain of

Assignment Help Computer Engineering

Reference no: EM13462479

1.Estimating Procedures

(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 $80.00/ton, and the most pessimistic estimate is $180.00/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 28 tons, and as much as 56 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: EM13462479

Questions Cloud

Some believe that a project management office pmo is : some believe that a project management office pmo is nothing more than yet another level of management with the

Conduct an internet search for one of following examples of : conduct an internet search for one of the following examples of poor procurement.a. the chicago parking meter fiascob.

Suppose that youre an office manager and youve been tasked : imagine that you are an office manager and you have been tasked with the job of coordinating and heading the dismissal

A standard deviation of 47 the mean score for patients : a residential treatment facility tests a new group therapy for patients with self-destructive behaviors. the therapists

In addition to price fluctuations you are also uncertain of : 1.estimating proceduresa you are the project manager for a new high rise office building. you are working on estimating

A first benchmark goal of anger management program find the : a school psychologist is planning to study the effect of a new anger management program on the aggressive behavior of

Some interest groups in the united states have been : some interest groups in the united states have been lobbying for legislation to control the outsourcing of it and

You are the project manager for a new high rise office : 1.estimating proceduresa you are the project manager for a new high rise office building. you are working on estimating

Assuming a gre verbal test mean in population of 462 and : 3.a private tutoring company has made the claim that its tutoring package will improve gre verbal test scores by at

User Account

All Pages