A project has a task with the following task time estimates: Pessimistic completion time = 18 weeks
Question:
Pessimistic completion time = 18 weeks
Most likely completion time = 15 weeks
Optimistic completion time = 7 weeks.
What is the variance for the task?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
By using formula 122 we can calcul...View the full answer
Answered By
Saud Ur Rehman
Evaluating manufacturing processes by designing and conducting research programs; applying knowledge of product design, fabrication, assembly, tooling, and materials; conferring with equipment vendors; soliciting observations from operators. Developing manufacturing processes by studying product requirements; researching, designing, modifying, and testing manufacturing methods and equipment; conferring with equipment vendors. Keeping equipment operational by coordinating maintenance and repair services; following manufacturer's instructions and established procedures; requesting special service.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Managing Supply Chain and Operations An Integrative Approach
ISBN: 978-0132832403
1st edition
Authors: Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W Webb
Question Posted:
Students also viewed these Management Leadership questions
-
A project has an expected completion time of 40 weeks and a standard deviation of 5 weeks. It is assumed that the project completion time is normally distributed. (a) What is the probability of...
-
Task time estimates for a production line setup project at Robert Klassens Ontario factory are as follows: (a) Draw the project network using AON. (b) Identify the critical path. (c) What is the...
-
Is it better for managers to be pessimistic or optimistic when preparing a budget? Explain your reasoning.
-
A curve has equation y = x 2 ln 3x. Find the value of dy/dx and d 2 y/dx2 at the point where x = 2.
-
Charleston Dry Dock does major ship repair and reconditioning. The table below shows the activity of the dry dock over the past 365 days. Specifically, the table shows the number of days there were...
-
Refer to Exercise and prepare journal entries to record each of the merchandising transactions assuming that the periodic inventory system is used by both the buyer and the seller. In Exercise,...
-
In a certain state lottery, people select eight numbers in advance of a random drawing of six numbers. If someone's selections include the six drawn, they receive a large prize, but this prize is...
-
Endnote Enterprises entered into the following transactions during 2015: 1. Sold merchandise for $52,000 in cash. 2. Purchased a parcel of land. The company paid $12,000 in cash and issued a $30,000...
-
Assume that payroll records of GG Shoes provided the following salary information for the weekly pay period ended December 1 3 , 2 0 2 4 : A B C D E F G H EMPLOYEE HOURS WORKED 4 0 HOURS WEEKLY...
-
The management of Pratt Engineering Company had agreed in principle to a proposal from Hardin Tool Company to acquire all its stock in exchange for Hardin securities. The two managements were in...
-
Suppose that a task in a project has the following time estimates: to= optimistic completion time = 6 weeks tm= most likely completion time = 8 weeks tp= pessimistic completion time = 11 weeks...
-
The optimistic, most likely, and pessimistic times for the tasks making up a project are as follows. Use the data to compute the expected completion time and variance for each task. Task 4 16 5 910
-
A block with mass m is revolving with linear speed v 1 in a circle of radius r 1 on a frictionless horizontal surface (see Fig. E10.42). The string is slowly pulled from below until the radius of the...
-
What is the key difference between procedural programming paradigm and object oriented design paradigm. Provide an example for one problem solved using a procedural and object-oriented design. ...
-
What is the difference between function oriented and object oriented design?
-
Question How do you design object oriented design models using: a. Model Driven Development (MDD) Assume scenarios or examples to elaborate.
-
What is a data dictionary and what would it contain for object-oriented design?
-
Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint process. The joint costs incurred are $390,000 for a standard production run that generates 270,000 pints of...
-
In Exercises 112, plot the given point in a rectangular coordinate system. (-3, -5)
-
The following T-accounts show postings of selected transactions. Indicate the journal used in recording each of these postings a through e. Cash Accounts Receivable Inventory (d) 500 (e) 300 (b)...
-
The manager of Biggs Department Store has four employees available to assign to three departments in the store: lamps, sporting goods, and linen. The manager wants each of these departments to have...
-
Dr. Beth McKenzie, the head administrator at Washington County Regional Hospital, must determine a schedule for nurses to make sure there are enough nurses on duty throughout the day. During the day,...
-
Dr. Beth McKenzie, the head administrator at Washington County Regional Hospital, must determine a schedule for nurses to make sure there are enough nurses on duty throughout the day. During the day,...
-
S&J Catering is a small catering business operating in Western Sydney. Business partners, Jack and Simon, established the business a year ago. To start up the business, the partners contributed...
-
In 20X1, Lee was hurt in the course of his employment with Foster Farms. In 20X1, Lee was paid the following amounts from Foster Farms' worker's compensation insurance company: $30,000 for a physical...
-
Briefly describe tax administrative matters including: Tax collection and withholding mechanisms (PAYG withholding, PAYG instalments).
Study smarter with the SolutionInn App