Quantitative Methods in Project Management by John C. Goodpasture

By John C. Goodpasture

Coverage, tools, and instruments to make stable decisions

Project good fortune capacity making the numbers. venture good fortune potential providing enterprise worth from the applying of assets to venture scope and taking measured hazards to accomplish deliverables. Quantitative equipment give you the foundation for calculating price, developing the venture metrics that would be the measures of good fortune, and supporting venture managers comprehend the numerical values of hazards to be addressed.

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6 1 1 1 1 1 1 2 2 2 2 2 2 3 3 3 3 3 3 …. 6 Sum of Face Values 2 3 4 5 6 7 3 4 5 6 7 8 4 5 6 7 8 9 …. 12 Notes: The number “7” is the most frequent of the “Sum of Face Values,” repeating once for each pattern of 6 values of the first die, for a total of 6 appearances in 36 combinations. Although not apparent from the abridged list of values, the number “5” appearing in the fourth-down position in the first pattern moves up one position each pattern repetition and thus has only 4 total appearances in 36 combinations.

Of curves is plotted. Let us consider the first quadrant in the upper left of the plotting space. We see this illustrated on the Kano graph. In this quadrant, customer satisfaction is increasing, but there is little expectation for functionality. In this space are latent, or unspoken, requirements — missing functionality but also unknown or unappreciated by the customer. In the upper left quadrant there is little or no impact on customer satisfaction. From the project 10 Quantitative Methods in Project Management management perspective, this space means that no investment need go into filling the missing functions since they have little impact.

Retained earnings are cumulative earnings of the business, less any dividends to the stockholders. ᭿ Stock is the paid-in par value, usually taken to be $1 per share, of the outstanding stock. In this case, there would be 98,000 shares in the hands of owners. allowed to be positive numbers; that is, one does think of recording a negative debit. Debiting an asset always means increasing its dollar value. To reduce an asset’s dollar value, it is credited. No particular connotation of good or bad should be assigned to the words debit and credit; they are simply synonyms for dollar increases left and right.

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