Why might a probabilistic estimate, Operation Management

Assignment Help:

Why might a probabilistic estimate of the project completion time base solely on the variance of the critical path be misleading? Under what circumstances would it be acceptable?


Related Discussions:- Why might a probabilistic estimate

Explain nominal work groups and the delphi techniques, Nominal work groups ...

Nominal work groups and the Delphi Techniques are used as part of which risk management process? Answer Risk identification Risk assessment Risk monitoring and control

Explain cause organizations to redesign their products, What are some of th...

What are some of the factors that cause organizations to redesign their products or services?

Define as a labour relations specialist in the hr department, The committee...

The committee is asking you, as a labour relations specialist in the HR department, whether this wording is likely to be acceptable

Describe what is the profit or loss for the mahcine, A company is to make a...

A company is to make a decision on whether or not to purchase a machine to package its product and has asked you to review the information and provide them with answers to some que

Explain each component and final scissor assembly, Prepare an MRP for sciss...

Prepare an MRP for scissors. Lead times are one day for each component and final scissor assembly, but two days for the plastic grips. 634 pairs of scissors are needed on Day 6. No

Explain various health care plans, The first step in the Model of Scientifi...

The first step in the Model of Scientific Inquiry is to identify the question or problem needing further study. The following seven situations are typical everyday problems in busi

Kaplan and norton balanced scorecard framework, Kaplan and Norton Balanced ...

Kaplan and Norton Balanced Scorecard Framework Kaplan and Norton (1992, 1993, and 1996) describe the concept of a 'balanced scorecard' that includes four categories of measure

Explain relationship between business and society, Describe two forces that...

Describe two forces that you believe shape the relationship between business and society. Provide two examples (one for each force you choose). Look for flaws and strengths in spec

Explain variations in the material characteristics, Rivets used to secure t...

Rivets used to secure the stainless steel sheet metal of aircraft wings are designed to withstand certain shearing forces. It is known that because of random variations in location

Chase plan, Chase Plan The workforce size is varied as per to demand k...

Chase Plan The workforce size is varied as per to demand keeping the use of workers and inventory size constant. During months of low demand the workforce size is decrease and

Write Your Message!

Captcha
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