As Project Manager at Gonzaga Contracting, You Currently Have a Major

question 138

Multiple Choice

As project manager at Gonzaga Contracting, you currently have a major project nearing completion, but are concerned about the delivery of the roofing materials needed to complete the project.Ace roofing, your main supplier, may need to first deliver materials to another of its clients.You put the chance of that happening at 30%.You believe that if Ace has to first deliver to its other client, there's a 60% chance that you will not get your delivery in time to complete your project on schedule.If Ace does not have to first deliver to its other client, you estimate that the chance that you will not get your delivery in time to finish on schedule falls to 10%.Suppose you now learn that Ace will not be able to deliver your roofing materials in time.How likely is that they had to first deliver to their other client?

• A).18
• B).28
• C).09
• D).56
• E).72

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Definitions:

Competitive Advantage

The attributes or conditions that enable a company to outperform its competitors, typically leading to greater sales or margins.

Cycle Time

The total time from the beginning to the end of a process, procedure, or activity.

Cycle Inventories

are stocks that companies maintain to smoothly handle the fluctuations in production and sales, minimizing stockouts and overstock situations.

Setups

The preparation and adjustments made to machinery or equipment before a production run or the execution of a particular job.