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Three activities are candidates for crashing on a project network for a large computer installation (all of course are critical). Activity details are in the following table:Normal Normal Crash Crash
Activity Predecessor Time Cost Time Cost
A --- 7 days $6,000 6 days $6,600B A 4 days 1,200 2 days 3,000C B 11 days 4,000 9 days 6,000
A) What action would you take to reduce the critical path by 1 day? B) Assuming no other paths become critical, what action would you take to reduce the critical path 1 additional day? C) What is the total cost of the 2 day reduction?
Analyze the need for project management in today's companies. Which companies (or industries) have the most need for formal project management practices and why? Please provide specific examples.
Consider the following statement: "The essence of project management is risk management." What does it mean in terms of completing a project successfully?
Given Gasoline production function of QG = 72MG 1.5 MG2, illustrate what is gasoline marginal profit. Given fibre production function of QF = 80MF 2MF2, illustrate what is fibre marginal profit.
In order to assess the operational and cost effectiveness of your supply chain it will be necessary to MEASURE progress. How do you go about creating a measurement protocol and how often would you apply it?
What is the purpose of inventory? How does inventory management impact operations performance objectives? Provide specific examples.
What were the key stages or milestones and the timeframe for the tender and who was on the tender selection panel and why?
Each week a sample of 100 residents is questioned on their feelings towards project. Results to date are shown below. Analyze this data using an appropriate control chart with a 5% risk of Type I error.
What is the utilization rate of a clinician? (Round your answer to 4 decimal places.)
Explain why you believe the strategy you disagree with is ineffective or ill-advised. Suggest how you would alter the strategy to improve it.
Suppose that the exchange rate adjusts so that interest-rate parity holds. suppose also that the interest rate on a one-year German bond is 7% and the interest rate on a one-year U.S. bond is 4%.
Goop Inc needs to order a raw material to make a special polymer. The demand for the polymer is forecasted to be Normally distributed with a mean of 250 gallons and a standard deviation of 125 gallons.
Analyze why you think that the Securities Act of 1933 allows for an exemption to a nonprofit educational organization?
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