This Table Contains the Performance Criteria and Scores (Larger Numbers

question 8

Multiple Choice

This table contains the performance criteria and scores (larger numbers are better) for four potential suppliers to Kramerica Industries. Evaluate the data and identify the BEST source for Kramerica. $$\begin{array} { | l | c | c | c | c | } \hline \text { Performance Dimension } & \text { Company A } & \text { Company B } & \text { Company C } & \text { Company D } \\\hline \text { Quality } ( \mathrm { W } = 0.4 ) & 3 & 4 & 2 & 5 \\\hline \text { Cost } ( \mathrm { W } = 0.3 ) & 4 & 3 & 5 & 3 \\\hline \text { Flexibility } ( \mathrm { W } = 0.2 ) & 5 & 3 & 4 & 2 \\\hline \text { Speed } ( \mathrm { W } = 0.1 ) & 2 & 5 & 5 & 4 \\\hline\end{array}$$

• A)Company A
• B)Company B
• C)Company C
• D)Company D

Identify and explain the processes involved in running simulations using Crystal Ball.

Define and apply the concept of critical paths in project management models.

Describe the process of defining assumptions in Crystal Ball.

Explain the significance and procedure of risk analysis in project management.

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Definitions:

Intrinsic Motivation

The drive to engage in activities for their own sake, due to the inherent satisfaction or fulfillment derived from the activity itself, rather than for some external reward.

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise rather than by intrinsic factors like personal satisfaction or enjoyment of the task itself.

Activity Directed

Focused or oriented towards specific actions or tasks.

Human Growth

The physical, psychological, and emotional development of humans from birth to the end of life.