Explain why the PERT estimate of expected project duration always is optimistic. Can we get any feel for the magnitude of this bias?
Answer to relevant QuestionsCritique the “Distinctive Characteristics of Service Operations” by arguing that the characteristics of, customer participation, simultaneity, perishablity, intangibility, and heterogeneity, may apply to goods as well. Conduct a triple bottom line evaluation for a hospital by identifying its social, economic, and environmental attributes that enhance the sustainability movement. Discuss the difference between time variance, cost variance, and schedule variance. A consulting firm is planning a reengineering project for a client. The following activities and time estimates have been identified: a. Draw a project network diagram. b. Calculate the scheduling times and total slack for ...The project network and table below show the expected number of weeks to complete a series of activities and the corresponding variances: a. Determine the critical path and the earliest expected completion time. b. What is ...
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