The project described in the following table has just begun, Ask an Expert

Management Studies

The project described in the following table has just begun. It is scheduled to be completed in 11 weeks.

a. If you were the manager of this project, would you be concerned? Explain.

b. If there is a penalty of $5,000 a week for each week the project is late, what is the probability of incurring a penalty of at least $5,000?

Activity	Estimated Time(weeks)	Standard Deviation (wks.)
1-2	4	0.70
2-4	6	0.90
1-3	3	0.62
3-4	9	1.90

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91599286

Have any Question?Write your Review or question?

Related Questions in Operation Management

As the athletic director at academic high school ahs you

As the Athletic Director at Academic High School (AHS), you are responsible for securing officials for all home football games. You call referee A on the phone and he agrees to referee all five (5) home games this season ...

Assignment prompt white paperoverviewthe final step in the

ASSIGNMENT PROMPT: White Paper Overview: The final step in the design thinking process is to establish a prototype of our solution to start to get some feedback on its effectiveness to determine whether or not to move fo ...

Describe the role of vision and mission statements in the

Describe the role of vision and mission statements in the strategic management process According to Glassdoor’s newest report on job trends, there are close to 6 million jobs to be filled right now, a record number since ...

Introductionthis assignment has three parts all centered on

Introduction This assignment has three parts, all centered on your ability to create a plan for A-plus customer experiences. We have mentioned before how the employees are the voice and image of any business. Well then, ...

This is related sourcing and supplier relationships in

This is related Sourcing and Supplier Relationships in Supply chain (1) Using suitable examples, distinguish between “Strategic Items” and “Core Standard Items”. (2) Should a company develop partnership relationship with ...

In this lesson we provided you with a list of common

In this lesson we provided you with a list of common questions asked during an interview: 1. Tell me about yourself, and the work experiences you have had. 2. Give an example of a time when you had a great success at wor ...

Develop a 1050-word evaluation describing business

Develop a 1,050-word evaluation describing business structure and financial statements, including the following: Identify and describe the legal categories of a business organization contrasting tax-related advantages an ...

Bryson carpet mills produces a variety of different carpets

Bryson Carpet Mills produces a variety of different carpets. Changing from production of one carpet to another involves a setup cost of $2,500. One particular carpet costs $5 per yard to produce. Annual demand for this s ...

1 what is cost planning and what are some of its methods

1. What is cost planning and what are some of its methods? How is cost planning utilized in a project environment? 2. A portfolio is being formed that includes 2 assets with the goal of reducing as much risk as possible ...

Slp assignmentin this slp assignment you will prepare a

SLP Assignment In this SLP assignment, you will prepare a PowerPoint slide presentation about Age Discrimination. To begin, review the SLP materials related to Age Discrimination in the background material. To better inf ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert