A Research and Development team is creating a project plan for developing a new product. Upper management has requested the project be completed in 60 days. They have developed estimated time durations in days for the project as shown in the following table.Activity Immediate Predecessor ActivitiesAOptimistic Time (to)Most Likely Time (tm) Pessimistic Time (tp)111316BA71115CA111621DA101019EB679FC, E111314GB131517HB, D192225IB, D]F, G, H1116211115Compute the expected time for activity H.000011192226

Expected time for activity H can be calculated by using the formula for expected time based on three…

Answered: A Research and Development team is…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

Describe how you will assess the risk of the project using predictive project analytics (PPA)
A project has the following tasks and duration estimates given. These three tasks are done in succession on a project. Task Optimistic Estimate Most Likely Estimate Pessimistic Estimate Alpha 30 days 40 days 50 days Beta 20 days 25 days 28 days Charlie 4 days 10 days 12 days Delta 25 days 30 days 50 days What is the expected duration for the project? (3 points) What is the variance for the project? (3 points) What is the standard deviation of the project? (3 points) What is the range of the duration of the project given 3 sigma? (3 points)
The project manager serves as an expert on the theory and application of statistical techniques. Responsibilities include experimental design, data processing, and analysis. True False
You are in charge of a project. Your team has determined that there are 7 activities to be completed. Here are the activities, the time to complete the activity and the immediate predecessor of the activity. Using this data 1) construct a Gantt Chart, 2) determine the time it will take to complete the project, 3) You are monitoring the progress of this project and discover that activity C is in danger of taking longer than planned due to funding issues. What options do you have to get the project back on track? Activity Time Immediate Predecessor A 10 Weeks None B 6 Weeks A C 7 Weeks A D 6 Weeks B E 8 Weeks C F 3 Weeks D G 4 Weeks F
11) find the early and late start of activity D for the project START a) ES = 12, LS 15 b) ES = 13, LS 22 LEES = 19, LS = 24 A (12) B(4) C(T) E (9) F(12) D (13) H (6) G (11)
Describe the four different project evaluations or reviews: (1) individual performance review, (2) postmortem review, (3) project audit, and (4) evaluation of the project’s MOV with specific examples
Analyze the characteristics of a project that calls for a predictive approach to the SDLC, and the one that calls for adaptive approach.
The purpose of program evaluation is to assess how well the project team, team members, and program manager performed. Group of answer choices True False
2.To obtain reasonable assurance about the completion of the project within the timeline, the best method is which of the following? Group of answer choices To compare the estimated end date and estimated time for completion of the project To obtain confirmation from the project manager about the project completion date To obtain confirmation from the project manager about the project completion date To extrapolate the end date on the basis of completed work and resource availability 15.From among the following activities, which is the best example of a project? Group of answer choices Writing a term paper Completing a college degree Producing automobiles Processing insurance claims
Kimpel Products makes pizza ovens for com-mercial use. James Kimpel, CEO, is contemplating produc-ing smaller ovens for use in high school and college kitchens.The activities necessary to build an experimental model andrelated data are given in the following table: a) What is the project completion date?b) Crash this project to 10 weeks at the least cost.c) Crash this project to 7 weeks (which is the maximum it canbe crashed) at the least cost.
A project manager states that he is involved in monitoring and controlling project costs for the project that he is working on. What is the project manager actually doing? Select one: a. The project manager is measuring actual cost performance against the cost plan and baseline b. The project manager is costing the WBS packages c. The project manager is effecting changes to the project cost baseline d. The project manager is developing a comprehensive budget for the project
A Project Manager is required to regularly report to an oversight body like the Project Steering Committee. One such report outlines what different members of the project team have achieved since the last report. This is an example of... a. A project review b. Forecast reporting c. Progress reporting d. Status reporting

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS