What Is the Estimated Expected (Mean) Time for Project Completion

question 1

Multiple Choice

What is the estimated expected (mean) time for project completion?

• A)35 weeks
• B)39 weeks
• C)50 weeks
• D)104 weeks
• E)105 weeks

Explain the use of various diagrams and tools (e.g., Pareto charts, scatter diagrams) in identifying and solving quality problems.

Distinguish between different costs associated with quality and identify strategies for managing them.

Discuss the evolution of quality management practices and standards, including ISO 9000, and understand the significance of conforming quality vs. target-oriented quality.

Understand the basic concepts of capital budgeting techniques including NPV, IRR, and payback method.

---

Definitions:

Illegal Drugs

Substances whose manufacture, possession, or use is prohibited by law.

Gross Profits

The total revenue of a business minus the costs directly related to producing goods or services, before deducting any administrative expenses, taxes, or interest.

Debtor in Possession

A status in bankruptcy proceedings where a debtor maintains possession and control of their assets while undergoing reorganization under the bankruptcy code.

Bankruptcy Judge

A judicial officer with the authority to preside over bankruptcy cases.