The calculations in PERT allow you to determine the probability that as project will be completed. Suppose you calculate that the probability a project will be completed by a target deadline is only 0.25. What steps might you take if you were the project manager? Would your decisions be different if the probability was calculated as 0.75? Would you be willing to take a 25% risk of failing to complete the project on time?
Answer to relevant QuestionsDescribe a customer experience you have personally encountered where the good or service or both were unsatisfactory (for example, defective product, errors, mistakes, poor service, service upsets, and so on). How might the ...Provide some examples similar to those in Exhibit 1.3, and explain the degree of goods and services content for these examples. Crashing in the Critical Path Method assumes that the cost of crashing an activity is linearly proportional to the amount of time the activity is crashed; that is, the rate of cost increase is constant (see Exhibit 18.12). ...The table below shows the crash times, and normal and crash costs for the international bank systems integration project described in Problem 9. What is the total project completion time and lowest-cost solution if the bank ...8. Environment Recycling, Inc. must clean up a large automobile tire dump under a state environmental cleanup contract. The tasks, durations (in weeks), costs, and predecessor relationships are shown as follows: a. Draw the ...
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