Revision: Project Risk Factor Calculation (1/2) Assume the following information: Consequences of Failure Maturity = .3
Posted: Sun Jul 03, 2022 4:26 pm
Revision: Project Risk Factor Calculation (1/2) Assume the following information: Consequences of Failure Maturity = .3 Complexity = .3 Dependency = .5 Probability of Failure Cost = .1 Schedule = .7 Performance = .5 Calculate the Overall risk factor for this project. Would you assess this level of risk as low, moderate, or high? Why?
Revision: Project Risk Factor Calculation (2/2) Assume the following information for an IT Project: Consequences of Failure Maturity = .7 Complexity = .7 Dependency = .5 Client Concerns = .5 Programmer Skill = .3 Probability of Failure Cost = .9 Schedule = .7 Performance = .3 Future Business = .5 Calculate the Overall risk factor for this project. Would you assess this level of risk as low, moderate, or high? Why?
Revision Question: Learning Curve Learning Curve Coefficients (Unit Time and Total Time Multipliers) 70% 75% 80% Unit Unit Time Time Unit Rate 5 10 .437 .306 .248 15 20 25 30 35 40 Based on a .214 .191 .174 .160 .150 Total Time 3.195 .513 4.932 .385 6.274 .325 7.407 .288 8.404 .263 9.305 .244 10.133 .229 10.902 .216 Total Time Unit Time 3.459 .596 5.589 .477 7.319 .418 8.828 .381 10.191 .355 11.446 .335 12.618 .318 13.723 .305 85% Unit Time Total Time 3.738 .686 6.315 .583 8.511 530 10.485 .495 12.309 .470 14.020 .450 15.643 .434 17.193 .421 Total Time 4.031 7.116 9.861 12.402 14.801 17.091 19.294 21.425 It took MegaTech, Inc., 100,000 labor-hours to produce the first of several oil-drilling rigs for Antarctic exploration. Your company, Natural Resources, Inc., has agreed to purchase the fifth (steady-state) oil-drilling rig from their manufacturing yard. Assume that MegaTech experiences a learning rate of 80%. At a labor rate of $35 per hour, what should you, as the purchasing agent expect to pay for the fifth unit?
Revision: Project Risk Factor Calculation (2/2) Assume the following information for an IT Project: Consequences of Failure Maturity = .7 Complexity = .7 Dependency = .5 Client Concerns = .5 Programmer Skill = .3 Probability of Failure Cost = .9 Schedule = .7 Performance = .3 Future Business = .5 Calculate the Overall risk factor for this project. Would you assess this level of risk as low, moderate, or high? Why?
Revision Question: Learning Curve Learning Curve Coefficients (Unit Time and Total Time Multipliers) 70% 75% 80% Unit Unit Time Time Unit Rate 5 10 .437 .306 .248 15 20 25 30 35 40 Based on a .214 .191 .174 .160 .150 Total Time 3.195 .513 4.932 .385 6.274 .325 7.407 .288 8.404 .263 9.305 .244 10.133 .229 10.902 .216 Total Time Unit Time 3.459 .596 5.589 .477 7.319 .418 8.828 .381 10.191 .355 11.446 .335 12.618 .318 13.723 .305 85% Unit Time Total Time 3.738 .686 6.315 .583 8.511 530 10.485 .495 12.309 .470 14.020 .450 15.643 .434 17.193 .421 Total Time 4.031 7.116 9.861 12.402 14.801 17.091 19.294 21.425 It took MegaTech, Inc., 100,000 labor-hours to produce the first of several oil-drilling rigs for Antarctic exploration. Your company, Natural Resources, Inc., has agreed to purchase the fifth (steady-state) oil-drilling rig from their manufacturing yard. Assume that MegaTech experiences a learning rate of 80%. At a labor rate of $35 per hour, what should you, as the purchasing agent expect to pay for the fifth unit?