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How can you get the weighted average for activitie of different size in the same project?
Wiki User
∙ 11y ago
A "weight" in these circumstances is equal to the number of times an entry is used in calculatin the average. Suppose we find the average of 1, 2, and 6. It is (1+2+6)/3 = 3. But suppose the value for 2 is regarded twice as reliable or important as the others. In that case you put it into the calculation twice: (1+2x2 + 6)/4=3.75 and that is a weighted average with the second item having weight 2. In general, you add up all the terms all with their own weights applied (some may be 1, some less than 1, some more than 1) and then divide by the sum of the weights, to finish up with a weighted average.
Wiki User
∙ 11y ago
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What is advantages and disadvantages of weighted average?
The advantages of using weighted averages are that it smooths out fluctuations due to statistical outliers. The disadvantage is that this gives a uniformity in the statistics and can make it difficult to project trends.
If you have a 47 in your math class and you got a 85 on your math project what is your grade?
Depends upon how the project is weighted compared to the rest of the course.
What is a weighted scoring model in project management?
A weight scoring model is a tool that provides a systematic process for selecting projects based on many criteria. 1. Identify criteria important to the project selection process 2. Assign weight (percentages) to each criterion so they add up to 100% 3. Assign scores to each criterion for each project 4. Multiply the scores by the weights and get the total weighted scores. The height the weighted score the better.
What are the advantages of a weighted scoring model for management?
1.) If the weighted scoring model is on a spreadsheet, the weights can be changed on the fly to reflect any changes that may have occurred in your project. 2.) By supplying percentages to key aspects of importance in your model, you can accurately ascertain the value after computing the averages in said weighted model.
Each project has an initial investment of Rs 150 million (Mn) and the Weighted Average Cost of Capital is 13%.Years Expected Net Cash flowsProject A 68,65,63,60Project B 74,76,73,71Calculate(i) Payback (ii) NPV (iii) IRR (iv) ARR?
.
What does results mean for science projects?
This is the outcome, the data you got from your project. For instance, if you did a project comparing different fertilizers for use in growing flowers, your results would be how high (on average) your flowers grew in each different fertilizer.
How do you make our project different?
by changing your project
How IT project management is different from project management?
I do not see it as being different. Project management methodology and sound practices can be applied to all projects. That doesn't mean the projects work breakdown won't look different for a construction project versus an software project. But he 'management' of the project should follow the same or similar methodology.
What is the homograph of project?
The homograph of "project" is "project." Homographs are words that are spelled the same but have different meanings.
What is average cost of project management as a percentage of a project?
It will depend on the organisation. An "Average" project might take between 10-20% PM costs. Bigger projects normally take more PM costs.
What is project documentation?
Project Documentation is the different documents that are produced during the lifetime of a project, such documents include the business case, the project plan, and the end project report.
What is the average cost of design as a percentage of a project?
5%
