B. "Smitty" Smith is a project manager for a large consumer electronics corporation. Although she has been with the company only four years, she has demonstrated an uncanny ability to bring projects in on time, meet technical specifications, and be close to budget. Her latest assignment is a project that will involve merging two existing technologies. She and her team have almost finished developing the proposal that will be presented to a management committee for approval. All that remains to be done is What project durations (in weeks) should Smitty include in the proposal to develop a time estimate for the project. The team has to construct a for these risks of not delivering the project on time: 5 percent, 10 pernetwork diagram for the project. It has three paths. The expected dura- cent, 15 percent? What are the pros and cons of quoting project times tions and standard deviations for the paths are listed in the following table. aggressively? Conservatively?
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B- -Smitty- Smith is a project manager for a large consumer electronic.docx
1. B. "Smitty" Smith is a project manager for a large consumer electronics corporation. Although
she has been with the company only four years, she has demonstrated an uncanny ability to bring
projects in on time, meet technical specifications, and be close to budget. Her latest assignment is
a project that will involve merging two existing technologies. She and her team have almost
finished developing the proposal that will be presented to a management committee for approval.
All that remains to be done is What project durations (in weeks) should Smitty include in the
proposal to develop a time estimate for the project. The team has to construct a for these risks of
not delivering the project on time: 5 percent, 10 pernetwork diagram for the project. It has three
paths. The expected dura- cent, 15 percent? What are the pros and cons of quoting project times
tions and standard deviations for the paths are listed in the following table. aggressively?
Conservatively?
