Is forecasting important in a planning of a project? why? why not?
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- What do you think are some of the difficulties of adding 25 percent more employees for the holiday season? what kind of planning do you think would be needed?Follow up to previous question: 3) A company decides to plan a project, with activities, precedences and random duration statistics given in the following table: Activity Immediate Predecessors Duration Minimum (weeks) Duration Mode (weeks) Duration Maximum (weeks) A none 2 5 9 B A 1 6 8 C A 3 5 12 D B 2 4 12 E B, C 4 6 8 F B 6 7 8 G D, E 1 2 6 H F, G 4 6 16 Questions: 1) What method should be used? Compute the mean and variances for each activity and add them to the table above. 2)Draw the project network and label the arcs with the activity name. 3) Assuming that the critical path is AàBàP1àEàGàH, compute the probability that this path duration is between 28 weeks and 32 weeks. 4) Assuming that the critical path is AàBàP1àEàGàH, compute the number of weeks within which the project will be completed with probability 0.95.What factors do you think are important to take into account when considering the feasibility of a particular project for planning
- How is Project Planning, Scheduling, and Controlling is managed by the OM manager?The estimated times and immediate predecessors for the activities in a project at Howard Umrah's retinal scanning company are given in the following table. Assume that the activity times are independent. Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks: Week 1 2 3 4 5 6 7 8 9 10 11 12 Actual Passenger Miles (in thousands) 18 21 20 23 20 18 22 20 23 22 13 23 Part 2 a) Assuming an initial forecast for week 1 of 18,000 miles, use exponential smoothing to compute miles for weeks 2 through 12. Use α = 0.25 (round your…What is project planning? Examine the significance of project planning. Outline the activities involved in project planning. Why is it necessary to plan for the unknowns during a project?
- I want answer with explanation... I'll upvote you... Only typed answer I want... The following table of probabilistic time estimates (in weeks) and activity predecessors are provided for a project. Activity optimistic time most likely time pessimistic time Activity Predecessor A 1 4 7 -- B 2 6 7 -- C 3 3 6 B D 6 13 14 A E 3 6 12 A, C F 6 8 16 B G 1 5 6 E, F Table 1 Reference: Ref 1 Using Table 1, the probability that the project could be completed in 23 weeks or less is approximately A. 0.94 B. 0.87 C. 0.91 D. 0.89Explain why should manager monitor the progress of a project and what can be done if a project is not proceeding according to plan?Using PERT, Adam Munson was a ble to determinethat the expected project completion time for the construction ofa pleasure yacht is 21 months, and the project va riance is 4.a) What is the probability that the project will be completed in17 months?b) What is the probability that the project will be completed in20 months?c) What is the probability that the project will be completed in23 months?d) What is the probability that the project will be completed in25 months?e) What is the due date that yields a 95% chance of completion?