Question: the value of using a monte carlo simulation is that it allows a project manager to inform the client of the exact date a project

the value of using a monte carlo simulation is that it allows a project manager to inform the client of the exact date a project will be completed true or false

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The following balance sheet was prepared for Jared Corporation as of December 31, 2011. The following additional information relates to the December 31, 2011, balance sheet. (a) Cash includes $4,000...

The value of using a Monte Carlo simulation is that it allows a project manager to inform the client of the exact date a project will be completed. True or False True False

3) (15 pts) Consider a project with seven tasks described in the table below. Assume that the project begins at time 0. Task Normal Duration (days) Immediate Predessor Start Start A,B a) Using the...

In which of the following scenarios would a Program Manager use a PERT chart to describe the status of a project? More than one answer may be selected. Check All That Apply when providing an update...

3) (15 pts) Consider a project with seven tasks described in the table below. Assume that the project begins at time 0. Task Normal Duration (days) Immediate Predessor Start Start A,B a) Using the...

You want to promise your customer a due date that you can meet with at least a probability of .75. Using the Classic PERT model, what due date would you set? What is the ECP (Expected Critical Path)...

Which of the following is true when using a Monte Carlo simulation technique to estimate a project's timeline? Check All That Apply It uses simulations to provide outcome probabilities. It is...

If I need to I can list these questions separately and also provide more of the annual report if needed. Thanks for the help! I need help. I have been asked to review the the 2018 Annual Report (Form...

QUESTIONS 20 Save As Exploring Risk Measurement As a manger it is important to determine what is driving the success of a project of product What factors could lead to fallure, what stations would be...

Under development at MIT, photonic crystals allow solar panels to be twice as efficient by absorbing and converting the sun's Multiple Choice brightness. light. shadows. sound. Pulsed laser...

7. Determine the stability for the following linear system y(n) = 5x(n) + 30x(n 3) 10x(n-20) 8. Consider the sequences -2 x(k)= {1 0 2 h(k)=-1 0 k = 0, 1, 2 k = 3,4 otherwise k = 0 1,2 otherwise 00...

The probability of being in a car accident when driving more than 10 miles over the speed limit in a residential neighborhood is .06. Of the next 1,000 cars that pass through a particu- lar...

The tax reform recently passed in the United States eliminates the incentive for companies to use transfer pricing aggressively, i . e . , recognize higher profits in lower - tax countries. Group of...

The post-closing trial balance for Horner Autos is shown below. The subsidiary ledgers contain the following information: (1) accounts receivableB. Hannigan 2,500, I. Kirk 7,500, and T. Hodges 5,000;...

Assume that the motor whose transfer function is shown in Figure P5.47(a) is used as the forward path of a closed-loop, unity feedback system. a. Calculate the percent overshoot and settling time...

The GHYD company comprises two divisions: GH and YD. GH manufactures components using a specialized machine. It sells the same components both externally and to YD. The variable costs of producing...

Verify the expected mean squares given in Table 13-1. Table 13-1. A Fixed B Fixed A Fixed B Random A Random E(MS) B Random bn 2 T o + bn o? + n + bno; E(MSA) o? + n + a - 1 a 1 E(MS B(A) o? + o +...

A cold-air duct 120 cm by 15 cm in cross section is 100 m long and made of galvanized iron. This duct is to carry air at a rate of 6 m 3 /s at a temperature of 15C and atmospheric pressure. What is...

Answer the following 4 questions below on 5G (5 th Generation of mobile network/technologies) & IoT (Internet of Things). What are facts and myths with 5G? What is IoT? Do you like or dislike IoT...

Have written rules listing infractions that may require discipline and discharge.

2. What are the prospects for these occupations?

If a rule is broken, get the workers side of the story in front of witnesses, and preferably get it signed. Then check out the story.