This unit discusses creating activity durations. In some industries, subject matter experts may guess the time...

This unit discusses creating activity durations. In some industries, subject matter experts may guess the time it will take to complete an activity. In other industries, the estimated duration will be calculated based on a formula. Name an industry that would likely use subject matter experts to estimate the activity durations. Name an industry where the estimated duration will likely be calculated based on a formula. Explain your reasoning, and provide examples supporting your thoughts.

Please limit to 200 words.

Expert Solution

Take the example of any projects in the Automobile industry. The nature of the projects, activities, and deliverables are well-experienced beforehand. So, it may be easy for the respective departments to have standard estimates of working time per activity. For example, the introduction of a new car model is just like the introduction of the previous model and all the related activities are somewhat standardized. So, the department leads will rather use standard formulae.

On the other hand, industries where the projects and more evolving in nature will rely more or the subject matter experts' knowledge. Take the case of the film industry. Each movie will have its specific requirement and the related activities will take varying estimates of duration. For example, the producer of an upcoming Avenger movie may not know the time to complete the special effects due to its sheer uniqueness and hence take the expertise of the subject matter expert to estimate the same.

keosha answered 1 year ago

5.What are subject matter experts? The project executive board The project sponsors Anyone...

5.What are subject matter experts? The project executive board The project sponsors Anyone with an opinion A source of expert judgment 6.What is a deliverable? A product required in order to complete a process, phase or project Something that affects the execution of the project A product that is outside the scope of the project A document that is a part of the project charter 7.What is the process of dividing project...

1. As a teacher, you have some students who clearly want to learn the subject matter...

1. As a teacher, you have some students who clearly want to learn the subject matter you are teaching and other students who are interested only in the grades they get in your class. a. Considering the textbook’s discussion of extrinsic versus intrinsic motivation, how would you expect the two groups of students to differ in terms of classroom learning and performance? Describe five differences you are likely to see between them. b. Describe three strategies you might use to...

At the beginning of May, Williams Industries has 200 units of a product with a unit...

At the beginning of May, Williams Industries has 200 units of a product with a unit cost of $500. Its inventory records report the following transactions for the month of May: Units Unit Cost Total Cost Beginning Inventory 200 $500 $100,000 Purchase #1 250 $550 137,500 Purchase #2 100 $600 60,000 Purchase #3 60 $650 39,000 Total 610 $336,500 Williams sells 500 units in May. a) Compute the Cost of Goods Sold (COGS) for May for this product, assuming Hanna...

The activity of a sample of a radioisotope at some time is 10.1 mCi and 0.36...

The activity of a sample of a radioisotope at some time is 10.1 mCi and 0.36 h later it is 6.60 mCi. Determine the following: (a)Decay constant (in s−1) (b) Half-life (in h) (c) Nuclei in the sample when the activity was 10.1 mCi (d) Activity (in mCi) of the sample 1.90 h after the time when it was 10.1 mCi

List six different types of barriers that may be found in some industries

Coronado Industries purchased a new machine on May 1, 2012 for $547200. At the time of...

Coronado Industries purchased a new machine on May 1, 2012 for $547200. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $30000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2021, the machine was sold for $81600. What should be the loss recognized from the sale of the machine?

List 6 different types of barriers that may be found in some industries and discuss.

40 Juanita had been thinking of creating a graphic designservice business for quite some time....

Juanita had been thinking of creating a graphic design service business for quite some time. As a single mom, she knew that she needed to be able work from home and she also has several leads for prospective customers. She is aware of how much cash flow she needs to cover her ongoing operating expenses. She is considering several ways to legally structure her new business, including working by herself or taking on a partner. Both ways needed more thought...

This activity requires you to spend some time viewing the world using the perspective of the...

This activity requires you to spend some time viewing the world using the perspective of the social construction of disability. From the social constructionist perspective, disability is created through interaction between individuals and their environments. Include at least two separate observations. Each of your observations should illustrate a different way that disability is socially constructed. Describe what you observed and then briefly explain how your observation illustrates the social construction of disability. Professors Example: Today I was in line at...

Time management is said to reduce stress. Name and describe some time management techniques that may...

Time management is said to reduce stress. Name and describe some time management techniques that may be used to reduce stress and Identify some of the consequences of job dissatisfaction and Identify and explain some important trends that are leading to an increasingly diverse workplace and Identify and describe the four properties of emotions.

Question