Question: The project referred to in Problem 28 has been partially completed. Task a required four weeks, task b nine weeks, task c four weeks, and

The project referred to in Problem 28 has been partially completed. Task a required four weeks, task b nine weeks, task c four weeks, and task d five weeks. Update the simulation model you developed for Problem 28 and calculate the probability that the project will be finished in 23 weeks. Explain why the probability of completing the project in 23 weeks has changed.

Step by Step Solution

★★★★★

3.47 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Since the times for activities are now known for activities ad updating the simulat... View full answer

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

132-B-M-L-P-M (1045).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

Terry's Equipment Center, referred to in Problem 24-2, is also preparing a cash budget for the first two quarters. In addition to the data given in Problem 24-2, the following estimates are...

What is the probability that this project will be finished in 19.8 weeks or less?

What is the conditional probability that the man will be affected given that the woman is affected? How does this value compare with the prevalence in Table 3.5? Why should it be the same (or...

IT 625 Final Project Guidelines and Rubric Overview Note: In order to successfully complete this project, you will need to carefully review the Final Project Guidelines and Rubric document and the...

GLIMPSES OF GLORY TO REMEMBER AND TO LEARN Zarifah Abdullah, Hafizah Abd-Mutalib & Muhaminad Rosni Amir Hussin Synopsis Covid-19 reached Malaysia in late January 2020. Since its first discovery in...

QUESTION: In the place of Kashyap, how should someone respond to this demotion? What otherresponses can be suggested to address the events in the case? Please help me in the question above after...

PROJ6000: Principles of Project Management Assessment 3 - Project Charter Report. Length 2,000 words (+/- 10%) Task Summary After reading the project case study, use it to develop a 2,000-word...

PROJ6000: Principles of Project Management Assessment Assessment 2 - this is actually a case study and its called a Individual Report: PMBoK versus PRINCE2 or Agile in contemporary projects . so one...

The rigid T-shaped frame shown in the figure is hinged at point O. It carries masses m and m2, and is supported by springs k and k2. One end of spring k is subject to pre- scribed motion y(t). Use...

Why are virtually all large business firms corporations?

The sales level that results in zero NPV is called the Question 13 options: 1) accounting break-even. 2) financial break-even. 3) minimal sales level. 4) net present value

21.14 Computer crime. Adults are spending more and more time on the Internet, and the number experiencing computer-based or Internet-based crime is rising. A 2018 Gallup Poll of 1019 adults, aged 18...

Why is it important for the project manager to adopt the systems approach?

What is the primary role of a project manager? How are the primary roles related to one another?

What are the important characteristics of project team members?

An investment offers $4,090 year per forever, with the first payment occurring one year from now. If the required return is 10.4%, what is the value of the investment? (Round your final answer to two...

a-1. If your portfolio is invested 25 percent each in A and B and 50 percent in C, what is the portfolio expected return? (Do not round intermediate calculations and enter your answer as a percent...

15. A $100,000 par value T-bond futures contract trades at $98,700. T-bond rates increase by 100 basis points from 7.0% to 8.0%. The T-bond has a duration of 9 years. What is the change in the value...