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Question 1.
You have been assigned a project that will most likely take 8 months to complete. After looking at the data, you believe that if everything goes right, the project may be completed in 5 months. On the flip side, if everything goes wrong, the project could take 11 months to complete. What is the expected completion time for the project? Calculate using the PERT formula.
Choose either 6.5 months, 9.5 months, 6 months or 8 months
Question 2.
You have been assigned a project that will most likely take 15 weeks to complete. After looking at the data, you believe that if everything goes right, the project may be completed in 13 weeks. On the flip side, if everything goes wrong, the project could take 29 weeks to complete. What is the expected completion time for the project? Calculate using the PERT formula.
Choose either answer 24 weeks, 17 weeks, 13 weeks or 9.5 weeks
Question 3.
Pomona Valley Hospital uses a planning process to define a new radiology service line. The decision matrix gave it a high priority, and the administrators want to evaluate its financial feasibility. Estimated fixed costs are 1 million, and the estimated net reimbursement level is $1,500 per procedure. Salaries for physicians and other providers on a direct basis are $340 per procedure, and total operating expenses will add another $160 per procedure. Calculate the breakeven point for this potential new service line.
Choose either 1,000 procedures, 1500 procedures, 10,000 procedures or 900 procedures.
Question 4.
If Pomona Valley Hospital discovered a way to reduce the total initial investment to $600,000, causing the average pricing level to fall to $1,200 and the other assumptions to stay the same, how many procedures would be required to break even?
Choose either 857 procedures, 757 procedures, 1857 procedures of 500 procedures.
Question 5
Explain how economic analysis and the program evaluation review technique (PERT) can be used to evaluate medical programs.
Your response must be at least 200 words in length.(does not need to be in apa format
