Decision Making and Planning in Construction
The formula to determine the most probable to complete the backyard swimming pool is as follows: I will also let them sign the document of engagement that they will be 100% responsible if the subcontractor fails the project. (Anderson, et al. 2003, Anderson, et al. 2017).
Where
a = Optimistic
m = Most probable
b =Pessimistic
The study uses Microsoft Excel software to calculate the probable time for the project. The results show that the project will be complete within 49.5 days, which is approximately 50 days as revealed in Table 1 below.
Activity
Immediate Predecessor
Duration in Days
Optimistic
Most Probable
Pessimistic
Expected Time
Project Schedule
The study uses the Microsoft Excel to develop the project schedule and output is revealed below:
The PERT distribution to complete the project is in Fig 1 as follows
Fig 1: PERT Distribution to Complete the Project
The stimulation to determine the expected time to complete the Swimming Pool project with 90% confidence is as follows:
Activity
Variance
Variance
A
(6-3)/36
0,08
B
(6-2)/36
0,11
C
(7-5)/36
0,06
D
(10-7) /36
0,08
E
(6-2)/36
0,11
F
(3-1)/36
0,06
G
(10-5)/36
0,14
H
(10-6)/36
0,11
i
(5-3)/36
0,06
Total
0,81
The next is to find the Standard Deviation (SD), which is the square root of the variance as follows:
Thus, Square root of 0.81 =0.90 days.
Thus, there is 90% confidence that the project will complete at expected time.
3. What is the estimated probability that the project can be completed in 25 or fewer days?
The critical part of the project is A-C-F and expected time is 12.83. The variance is 0.20, and the standard deviation is 0.44. Thus, P (X 25) is 65%.
Problem II
Activity
Optimistic
Most Probable
Pessimistic
Expected Times
Variance
A
4.0
5.0
6.0
B
2.5
3.0
3.5
C
6.0
7.0
8.0
D
5.0
5.5
9.0
E
5.0
7.0
9.0
F
Answer to Question 4
I will provide the past records of the projects which I have successfully completed. I will submit a letter of recommendations from reputable general contractors in the country.
Reference
Anderson, D. R., Sweeney, D. J., Williams, T. A., Wisniewski, M., & Pierron, X. (2017). An introduction to management science: quantitative approaches to decision making. Andover, Hampshire: Cengage Learning EMEA.
Anderson, D. R., Sweeney, D. J., & Williams, T. A. (2003). Solutions manual, An introduction to management science: quantitative approaches to decision making, 10th edition. Cincinnati, OH: Thomson/South-Western.
Decision Making, Impulse Control, And Cognitive Development Cognitive development entails the development in children with respect to processing of information, conceptual resources, skills in perception, learning the language and development of the brain. Piaget and Vygotsky advance theories explain cognitive development in children. These theories are similar in some aspects, yet they still differ about issues (Nakagaki, 2011). Piaget gives four stages to explain cognitive development whereby he advances that each
Black Women in White Male Industries Revise and Resubmit You have chosen in this paper a topic that has both national and international significance. How indeed inclusive, fair, and just are so called "inclusion or set-aside" initiatives? How open and accessible are the programs to new immigrants and minorities? These are all very interesting questions that your paper raises. But you don't fully address whether or not the rational approach considers such programs
LEADERSHIP, INTERPERSONAL SKILLS, DECISION-MAKING research paper prepared for the staff of New Jersey Publishing Corporation Improving Leaders and Interpersonal Relationship Communication Skills Written, Oral, Listening, Perception) Organization and Planning This research paper analyzes the effect of leadership skills providing direction, interpersonal skills in interacting with others and decision making. It includes oral communication skills, written business communication, and perception skills important in analyzing problems and proposing solutions. Final component deals with organizational change and self-designing change management. The
Developing infrastructure in Kava will be difficult precisely because of the problems that the infrastructure is meant to address -- terrorism, constant threats of destruction from natural disaster, and health problems that affect the workforce could all prevent or set back infrastructure development significantly. With the right commitment and effective, detailed planning in the infrastructure development, however, these problems can be mitigated and even overcome. The more infrastructure is
"Brainstorming, scenario planning, and expert interviews is the tools highway engineers commonly use in routine engineering and construction management tasks." (U.S. Department f Transportation 2007 P. 2). Table 3 reveals the summary of the tools and technique in the risk identification process. Table 3: Risk identification tools and techniques PROJECT-SPECIFIC DOCUMENTS PROGRAMMATIC DOCUMENTS TECHNIQUES Project description Work breakdown structure (WBS) Cost estimate Construction schedule Procurement plan Team issues and concerns Historic data Checklists Final project reports Risk response plans Organized lessons learned Published commercial databases Academic
Conclusion In understanding the facets of a PFI/PPT construction endeavor, one must first understand the aforementioned facets of the partnership that will come into play from the construction project's inception to its completion. The decision to engage in such an endeavor is clearly one that is subjective, but should be undertaken carefully in gauging the risks involved. References Akintoye, A., Bing, L., Edwards, P. And Hardcastle, C. (2004). Risk allocation preferences in PPP/PFI