Week 2 Assignment 2

I need an explanation for this Excel question to help me study.

Project Management

Let’s practice Project Management using Excel to help us with the computations.

Questions:

  1. What is the expected time to complete the project?
  2. Where is the slack in the project?
  3. What is the Critical Path?
  4. What the probability that the Critical Path will be completed on-time?
  5. What is the probability that the project will be completed on-time?
  6. What is the probability that the project may be completed sooner?

Week 2 Assignment 2

I’m trying to learn for my Excel class and I’m stuck. Can you help?

Nelson Fabricators sells a portable EKG machine. The sales manager requires a weekly forecast of the portable EKG machine so that he can schedule production. The manager uses exponential smoothing with α = 0.30.

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1. Forecast the number of machines at the end of week 5.

2. Calculate the bias and MAD for parts a and b. Why is one of the forecasts more accurate than the other?

Week 2 Assignment 2

I need an explanation for this Excel question to help me study.

Project Management

Let’s practice Project Management using Excel to help us with the computations.

Questions:

  1. What is the expected time to complete the project?
  2. Where is the slack in the project?
  3. What is the Critical Path?
  4. What the probability that the Critical Path will be completed on-time?
  5. What is the probability that the project will be completed on-time?
  6. What is the probability that the project may be completed sooner?