5) What is the probability that this project will be completed after 110 days? A. 0.0228 B. 0.1587 C. 0.0013 D. 0.8413 E. 0.9772
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A network diagram shows the sequence of the task that is done to complete a project. It usually shows the link of each task with the duration taken by each activity with respect to the completion of the project. Each task is shown with the nodes that are connected with each other with the help of arrows. There are 2 types of network diagrams:- CPM and PERT.
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- The following precedence diagram reflects three time estimates for each activity. Determine: Use Table B1 and Table B2. 9-10-12 3 8 5-7-10 8-10-14 11-12-13 6 11 14-18-26 10.5-13-15.5 10 8-8-8 1 5-6-7 2 4 13-13-13 7 7-10-12 a. The expected completion time for each path and its variance. (Round intermediate calculations to 4 decimal places and final answers to 2 decimal places.) Path Mean Var. Std. Dev. 1-2-3-8-11 37.33 1-2-4-6-11 43.00 5.11 1-2-4-7-11 0.81 1-2-5-9-10-11 46.83 1.25 9-9-9 10-11-12 10-12-14c. What is the expected project completion time? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Project completion time d. What is the probability of completing this project within 16 days? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Do not round intermediate calculations. Round "2" value to 2 decimal places and final answer to 4 decimal places.) Probability 10 00 days 09994Topic: ProbabilityGoal: In your business planning, you will employ mathematics probability to increase your chances of success.You play the role of a tiny business owner who wants to expand into a much larger enterprise. You must write a written report and deliver it to the group on the most likely outcome(s) of the business you wish to start.The target audience is a group of small company owners who could be interested in partnering with you. Product: A written report on the business's likely results that will be given to the group. Success Criteria: The written report that will be provided must be... - Represents genuine business problems or patterns. - Persuasive, based on probability mathematics.
- whixh of the following least denotes the control of risks: a) They are normally associated with project management b) They are extremely difficult to quantify c) They are associated with know and logical events d) Are associated with unkown and unexpected eventsMODELLING AND SIMULATION 1. What is the best way to plan a simulation project? Why? 2. Does project management help you to simulate a model? In what way/s? 3. Car dealers have realized how profitable it can be to sell automobiles by using the Web. Pretend that you work for a local car dealership that is part of a large chain of car industry. Create a project management process (include the sub-processes) that you will implement in developing such web-based system.Calculate the schedule durations for a 68.26%, 95.44% and 99.73% confidence level? Optimistic = 59 days Most likely = 63 days Pessimistic = 75 days
- 2. Compute the followings: (a) The probability that the project will finish by the end of day 50 (b) The probability that the project will finish at day 52 (c) The probability that the project will finish before the start of day 49. (d) The completion date with at least a 95% confidence levelSWOT and risk analysis for a Start up cultural tourism company (baba nyonya). >Full sentence pleaseManagement Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a s company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Time (Weeks) Activity A B с с Description Report generation Web scraping Testing Immediate Predecessor This answer has not been graded yet. A, B Optimistic 2 5 1 Most Probable (a) Construct the project network. (Submit a file with a maximum size of 1 MB.) Choose File No file chosen 9 10 1 O The probability estimate from (c) based on both paths is more accurate. O The probability estimates from (b) and (c) are equal. Pessimistic (d) Should you use the estimate in (b) or (c)? O The probability estimate from (b) based on the critical path is more accurate. 13 12 (b) Based solely on the critical path, estimate the probability that the project will be…
- A project has the following tasks and duration estimates given. These three tasks are done in succession on a project. Task Optimistic Estimate Most Likely Estimate Pessimistic Estimate Alpha 30 days 40 days 50 days Beta 20 days 25 days 28 days Charlie 4 days 10 days 12 days Delta 25 days 30 days 50 days What is the expected duration for the project? (3 points) What is the variance for the project? (3 points) What is the standard deviation of the project? (3 points) What is the range of the duration of the project given 3 sigma? (3 points)b) As a Project Engineer, cost control is one of the areas that is pertinent to project budget. When project cost is over-run against project budget, what will be the challenges as an engineer that you will be to be concerned? Please list down 3 concerns and elaborate on your answers. (CO1, C4)Instructions ASSIGNMENT PROJECT SCENARIO: You are married and you are the father or mother of a family of five with kids ages 10, 13 and 15) and a dog. The family has decided to take a camping trip when the children are out of school for the summer. The planned family camping trip is the project you will use to complete this assignment. INSTRUCTIONS: Create a Responsibility Matrix for no less than seven activities to be addressed in preparation for the family camping trip. Every member of the family must be assigned primary responsibility to complete at least or more activities for the project. Also, decide whether the dog will go on the camping trip with the family or whether arrangements will be made for someone to care for the dog while the family is away. Based on your decision regarding the dog, you must include at least one activity associated with the dog as part of the project responsibility matrix. Within the matrix, use "R" to indicate which individual has primary…