Construct the Project Network Diagram 2.Find the Expected Duration and Standard Deviation and Variance of each Activity 3.Find the Critical path and Expected Project Completion Time
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Considering the Project Details;
1.Construct the Project Network Diagram
2.Find the Expected Duration and Standard Deviation and Variance of each Activity
3.Find the Critical path and Expected Project Completion Time
Step by step
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- 1) what is the Importance of problem formulationProblem definition & project objectives2. what are the steps in data science (analytics) problem solving approachExplain basic steps & important aspectsbuilding project failures Exactracted from (News 24,2021) with reference to case study provided the 1.1criically discuss the primary reason contributing to failure of building 1.2 in reference to the reasons provided in question 1.1 above, discuss the impact of project failures and suggest solution that can be considered by project managers to mitigate against future project failures 1.3 with reference to construction project,critically discuss the contents of a project quality plan. your response should refer to reference to revent examples6.Differentiate one of these risk assessments that may be affected by psychological, ideological, religious orotherwise subjective factors, which impact rationality of the process.A. Individual risk assessmentB. Systems risk assessmentC. Simple risk assessmentD. All the above 7.All the statements below involve Risk mitigation EXCEPT A. Obtaining insurance against lossB. Developing system standards (policies, procedures, responsibility standards)C. Performing contingent planningD. Identification of project risks 8.Choose the TRUE statements regarding Risk Assessment.I. Identify hazards and risk factors that have the potential to cause harm.II. A source or a situation with a potential for harm in terms of human injury or ill health.III. Possibility of suffering harm or injury.IV. Analyze and evaluate the risk associated with that hazard. A. I, III & IVB. I & IIIC. I & IVD. I, II & IV 9.Identify two correct answers for Hierarchy of ControlI. EliminationII.…
- CRISIS ITIn May 2007, Frontier Airlines Holdings hired Gerry Coady as chief information officer (CIO). Nearly ayear later the airline filed for bankruptcy under Chapter 11. In an interview, Coady describes how hemanaged IT projects during the bankruptcy and recession crisis of 2008–2009.Fundamentally, Coady faced a situation of too many projects and too few resources. Coady used astrategy of focusing on reducing the number of projects in the portfolio. He put together a steeringcommittee of senior management that reviewed several hundred projects. The end result was a reductionto less than 30 projects remaining in the portfolio.How Can You Get to a Backlog of over 100 Projects?“There are never enough resources to get everything done.” Backlogs build over time. Sacred cowprojects get included in the selection system. Projects proposed from people who have left the airline stillreside in the project portfolio. Non-value-added projects somehow make their way into the projectportfolio.…1. Which of the following is NOT an objective of the Monitor Risks process? a. Determine if implemented risk responses are effective b. Project assumptions are still valid c. Determine if risk management policies are being followed d. Determine methods to eliminate all residual risksAnalysis of Journal Article: Fergnani, A (2022) Corporate Foresight: A New Frontier for Strategy and Management, Academy of Management Perspectives, Vol.36, No.2 pp.820-844. Q1 Provide an evaluation of the strengths of Fergnani’s article (100words) Q2 Provide an evaluation of the weaknesses of Fergnani’s article (100words) Q3 In your view is foresight and scenario planning a useful tool for businesses to use in practice, can you identify any limitations, or issues with foresight and scenario planning for businesses, ie: for firms in particular industries, markets or macroeconomic conditions. (300words)
- Taryn would like to open a new business as an interior designer, to funds her ambition she sold some of thefollowing assets:1. Antique Painting that was given to Taryn by her father 5 years ago. Taryn’s father bought it on 20 August1984 for $2,500. Taryn sold it on 1’st June 2020 for $25,0002. Taryn sold her car (Toyota Corolla) for the amount of $12,000 on 20’th May 2020, she bought on 1’stJanuary 2015 for the amount of $20,0003. Taryn sold her Harry Potter’s collection for the amount of $1,500 on 4’th January 2020, she bought itsecond hand on 10’th October 2018 for $350.4. Taryn sold her gold necklace for $2,000 on 20’th March 2020, she bought it for $1,200 on 8’th August20185. Taryn sold a sculpture for $6,000 on 1 January 2020, she bought it on December 1994Advise the Capital Gain Tax Consequences19. Which of the following is not a key activity that internal audit can engage in facilitating risk identification and evaluation with a management group? a. Asking the group to spontaneously come up with any risks that may exist b. Gathering data from other industry groups or from leading metrics c. Distributing a set of questions in advance to draw input from the group anonymously d. Creating a risk checklist and distributing it to the group members for ranking35. The term risk escalations refers to a. The increase in an enterprise's risk profile resulting from previously unknown risks arising from changes in the internal or external environments or changes to the organization's objectives and activities b. Weaknesses in the internal control system that raise residual risks beyond the limits of the risk appetite c. The process of and procedures for reporting risk incidents up the chain of command d. Risks that have materialized as events 36. Which of the following audit engagements is least likely to be performed by internal auditors solely as consulting, rather than an assurance or "blended" category? Systems development review Control self-assessment Financial statement Business process mapping Question 37 What is the greatest challenge that is unique to conducting and interpreting risk prioritization exercises? a. Risk analysis, evaluation, and prioritization are processes that require regular updates b. The…
- 13- Mazin was planning to open a restaurant in Salalah at the beginning of the Khareef season. But, due to Covid 19, he could not start his restaurant. This indicates that a. Mazin has chosen a bad business idea b. Mazin has a low level of dedication c. Mazin lost the window of opportunity d. Mazin does not have planning skillsMultiple choice: 6. Scope change control MUST be integrated with all of the following control processes EXCEPT ( ).A. ScheduleB. CostC. ProcurementD. Quality7. In the PDCA cycle of quality management, the function of "D" is ( ).A. transforms quality target values into actual values through input-output activitiesB. take corrective actions to correct the problems or failures in quality inspectionC. determine quality objectives and develop action plans to achieve quality objectivesD. examines the implementation and results of the plan8. As the project enters the execution phase, the project manager learns that the team members are workingovertime doing unanticipated work without a change in scope. What is the most likely reason for thissituation? ( )A. Unclear communications management planB. Insufficient work breakdown structureC. Incorrect estimation in activity durationD. Poor resource planning9. Large and medium-sized engineering projects are composed of several ( ) .A. single…End-of-Chapter Application Case Why is beer flavor important to Coors’ profitability? What is the objective of the neural network used at Coors? Why were the results of Coors’ neural network initially poor, and what was done to improve the results? What benefits might Coors derive if this project is successful? What modifications would you make to improve the results of beer flavor prediction?