a. The following Monte Carlo scatter plot is taken from a published paper. The project's current...
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a. The following Monte Carlo scatter plot is taken from a published paper². The project's current budget (maximum Project Cost) is Te (about 155). The project's current deadline (maximum Project Duration) is Ts (about 90). Project Cost 300 280 260 240 220 200 180 160 To 140 120 - T 1 1 1 T + 80 Ts 130 180 Project duration 230 Management understands that the current deadline and budget are too restrictive. They offer workers the choice of two contracts: Contract Alpha would nearly double the project budget (project cost) from 155 to 300, keep the duration the same. Contract Beta would lower the project budget (project cost) from 155 to 140, and increase the project duration from 90 to 130. Should workers choose Contract Alpha, Contract Beta, or keep the current deadline and budget? Briefly explain your reasoning. Contract Alpha, Contract Beta or Current Deadline and Budget? a. The following Monte Carlo scatter plot is taken from a published paper². The project's current budget (maximum Project Cost) is Te (about 155). The project's current deadline (maximum Project Duration) is Ts (about 90). Project Cost 300 280 260 240 220 200 180 160 To 140 120 - T 1 1 1 T + 80 Ts 130 180 Project duration 230 Management understands that the current deadline and budget are too restrictive. They offer workers the choice of two contracts: Contract Alpha would nearly double the project budget (project cost) from 155 to 300, keep the duration the same. Contract Beta would lower the project budget (project cost) from 155 to 140, and increase the project duration from 90 to 130. Should workers choose Contract Alpha, Contract Beta, or keep the current deadline and budget? Briefly explain your reasoning. Contract Alpha, Contract Beta or Current Deadline and Budget?
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Answer Contract Alpha Contract Alpha would nearly double the project budget project cost from 155 to 300 keep the duration the same The current deadline of 90 days is too restrictive and workers may b... View the full answer
Related Book For
Compensation
ISBN: 978-0078029493
11th edition
Authors: George Milkovich, Jerry Newman, Barry Gerhart
Posted Date:
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