8- The probability of completing the project in a time greater than the critical path time plus 2 weeks is * 11%
Q: Three activities are candidates for crashing on a project network for a large computer installation…
A: Crash cost per day = (Crash cost - Normal cost) / (Normal time - crash cost)
Q: c. Suppose that the indirect costs of the project amount to $200 per day. Find theoptimal number of…
A: Given Data Activity Immediate Predecessor Normal Time Expedited Time Normal Cost Expedited…
Q: B. What is the expected project completion time? 7 weeks 8 weeks 9 weeks 6 weeks C. Which are the…
A: In this question, I would construct the Gantt chart based on the given Activity ID, Activity…
Q: If indirect costs for each duration are $300 for 27 weeks, $240 for 26 weeks, $180 for 25 weeks,…
A: Find the Given Details below: Activity Normal time (Weeks) Normal Cost Maximum Crash time Crash…
Q: 13.39 Activity A is worth $500, is complete, and actually cost $500. Activity B is worth $1.000, is…
A: Earned Value (EV) is the sum of percentage completed multiplied by the task budget. The calculation…
Q: A E Start Finish B D F G Activity | A А В C D E F G Time 3 5 5 6 he crashing data for this project…
A: Critical path activity-
Q: 1. A project was planned using PERT with three-time estimates. The expected completion time of the…
A:
Q: Ql: For the project listed below, find the following items: 1- Total project finishing time. 2-…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: a) What is the probability that the project can be completed in 25 days or fewer?
A: The expected activity time is the time taken by the particular activity to complete the project…
Q: Three activities are candidates for crashing on a project network for a large computer installation…
A: Activity Normal Time (days) Crash Time (days) Normal Cost Total Cost with Crashing…
Q: Why might the critical path change during a project? What happens if the critical path does change?
A: A critical task might be described as a task that must be met on a plan for the project to complete…
Q: 2. Reduce job 3 by two days. ONo O Yes 3. Reduce job 5 by two days. Yes O No e. What is the…
A: Given Information: Critical Path:- 1-2-5-8-9-11 Expected Completion Time:- 26.5 days
Q: 4- Standard Deviation Value For the critical path in the project is
A:
Q: d. The partners have decided that shortening the project by two days would be beneficial, as long as…
A:
Q: The critical path through a network consists of activities A, B and C where each activity has an…
A: Duration of each critical activity = 10 weeks Total duration of critical path = Duration of A +…
Q: Gabrielle Kramer, owner of Pet Paradise, is opening a new store in Columbus, Ohio. Her major concern…
A:
Q: Why might a probabilistic estimate of a project’s completion time based solely on the variance of…
A: Near critical paths might have a larger path variance when compared to the critical path itself,…
Q: probability. The actual time period for the completion of the project within the PERT technology?
A: ANSWER IS GIVEN BELOW:
Q: QI: For the project listed below, find the following items. 1- Total project finishing time 2-…
A: NOTE: Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Use the following project status information to calculate each of the requested EVM numbers below.…
A: Task Budget Cost Duration % Complete Actual Cost Planned Value Earned Value =% complete *PV A…
Q: Task Name Normal time Normal Crash time Crash cost (slope) Predecessor cost 4. 85 3. 10 5. 100 4. 30…
A: We are using Forward pass method to solve below problem. Forward pass is a strategy to push ahead…
Q: Your company has just received an order from a good customer for a specially designed electric…
A: Solution a) The project network diagram is shown below
Q: activities, of which are on the critical path. If the estimated time along the critical path is 214…
A: We have for the estimated time, Mean = 214 Variance = 169
Q: Month 1 Month 2 Month 4 Month 5 Month 6 Activity A Cost $100 $200 $ 60 $ 80 $ 40 $150 $300 $100 $ 50…
A: The Cost Performance Index or called (CPI) is a process for estimating the cost efficiency &…
Q: The diagram below was developed for the project launch of Kitty Condo, a new product in the luxury…
A: Project paths Normal duration A-D-G 29 A-E-H 31 B-F-H 27 C-I-H 25 Critical…
Q: 1. A project was planned using PERT with three-time estimates. The expected completion time of the…
A: Given- Expected completion time (x) = 40 weeksDesired completion time (μ) = 40 weeks or…
Q: a) The expected (estimated) time for activity C is 12.00 weeks. (Round your response to two decimal…
A: To determine the Estimated time for any activity, we would use the below formula, the expected time…
Q: Activity Normal_time Crash_time Normal_cost Crash_cost Slack A. 31 17 4800 6200 B 14 14 5500 5500 34…
A: Given- Activity Name Normal Time Crash Time Normal Cost Crash Cost SLACK A 31 17 4800 6200 0…
Q: Determine the probability that the project will be completed in 23 weeks, 25 weeks and 27 weeks.
A: Here, The expected activity time or time estimate could be determined using the formula, (Optimistic…
Q: What’s the significance of identifying the critical path?
A: Since you have asked multiple questions, we will answer the first question for you. If you want a…
Q: Given the project information in the following table, what is the probability of completing the…
A: THE ANSWER IS AS BELOW:
Q: snip
A: Given, First path ( X1) , Length= 10 days Variance= 2 days Second path ( X2), Length= 11 days…
Q: 1. A project was planned using PERT with three-time estimates. The expected completion time of the…
A: Given- Mean (x) = 40 weeks Desired completion time (μ) = 40 weeks Variance (σ2) = 9 weeks
Q: Define Time–Cost Models and Project Crashing?
A: Project crashing Project crushing refers to the process of reducing the project duration by…
Q: The possibility of completing the project in less or equal time The critical path plus 2 weeks is 95…
A:
Q: 3- The value of the variance of the critical path in the project is
A: Variance = square of sum standard deviations of critical activities Standard deviation = (b-a)/6
Q: a. Determine the expected project completion time and the variance. b. What is the project's…
A: The critical path is a method to find the shortest duration by which a project can be completed with…
Q: The following activities represent a small project to be constructed Normal Duration Previous (…
A: Given data is
Q: ABC is one of the construction company and they are experiencing a huge idle time and cost overrun…
A: The given problem is Activity ImmediatePredecessors NormalTime NormalCost CrashTime CrashCost A…
Q: [Project Management] Because a housing project is running late, the developer will need to complete…
A: Given Activity prior normal days crash days A - 9 9 B A 9 9 C B 14 12 D B 18 11 E…
Q: How do we estimate the likelihood of a project being finished by a certain date? In this…
A: Project Evaluation and Review Technique (PERT) is a technique for evaluating and reviewing projects.…
Q: What is the probability of completion of the project before week 42
A:
Q: Calculate the ES, EF, LS, and LF times and the slack for each activity in t the critical path for…
A: The full form of the term is as follow, ES- Earliest Start Time EF-Earliest Finish Time LS-Latest…
Q: Q2. In the above question, the completion times of the activities BD and DE are on average 6 hours…
A: The question is related to Crtical Path. The Path having the longest duration is Critical Path. In…
Q: A project being analyzed by PERT has 60 activities, 13 of which are on the critical path. If the…
A:
Q: 1- The number of critical paths in the project is All options are incorrect O
A: One of the methods to find the longest duration that a project would take to complete is the…
Q: What is the effect of overlapping activities that are not on the critical path?a. An earlier project…
A: The correct answer is (c)
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Solved in 4 steps with 3 images
- Image of Diagram included Using the diagram, find: The critical path. How long it will take to complete the project? How does simulation determine the probabilities of various project completion times? What is "slack" and why is it important? Why is activity-on-arrow (AOA) or activity-on-node (AON) of significant value to the project manager? How is the uncertainty in project scheduling dealt with? Should the critical path activities be managed differently from noncritical path activities? Explain.Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop a project network. A project network with 8 activities and 8 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B and to activity D. Activity B is connected to activity E. Activity C is connected to activity F. Activity D is…1.You’re managing a project to install 400 windows in a new skyscraper and need to figure outyour budget. Each week of the project costs the same: your team members are paid a total of $4,000every week, and you need $2,000 worth of parts each week to do the work. If the project isscheduled to last 16 weeks, calculate theBAC, PV, EV, AC, SPI, SV, CPI, SPI, CV for the project? 2.You’re managing a highway construction project. Your total budget is $650,000, and there isa total of 7,500 hours of work scheduled on the project. You check with your accountingdepartment, and they tell you that you’ve spent a total of $400,000. According to the schedule,your crew should have worked 4,500 hours, but your foreman says that the crew was allowed towork some overtime, and they’ve put in 5,100 hours of work. Calculate theBAC, PV, EV, AC, SPI, SV, CPI, SPI, CV for the project?
- Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a). Develop a project network. (b) Develop an activity schedule. Activity EarliestStart LatestStart EarliestFinish LatestFinish Slack A B C D E F (c) What are the critical activities? (Enter your answers as…Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop a project network. A project network with 8 activities and 8 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B and to activity C. Activity B is connected to activity E. Activity C is connected to activity D. Activity D is…Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (d) Assume that the company wants to complete the project in six months or 26 weeks. What is the amount of crash time (in weeks) for each activity that minimizes cost? (A, B, C, D, E) = (e) Develop an activity schedule for the crashed project. Activity EarliestStart LatestStart…
- Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop an activity schedule. What are the critical activities? (Enter your answers as a comma-separated list.) Assume that the company wants to complete the project in six months or 26 weeks. What is the amount of crash time (in weeks) for each activity that minimizes…c. What is the expected project completion time? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Project completion time d. What is the probability of completing this project within 16 days? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Do not round intermediate calculations. Round "2" value to 2 decimal places and final answer to 4 decimal places.) Probability 10 00 days 099941 Cara's clients, Emily and Dave, have just had a baby and she would like to do something nice for them. She signs them up for a baby registry that sends them a small gift. Emily and Dave will be sent information and service lists that are geared toward helping new parents. She provided their names, address and phone numbers so that they will not miss any of the activities provided in the package. Has Cara dealt with her clients appropriately? NUYLOTNQhObm1bEVKUTO90 a0 Cara did not protect her clients' privacy when she shared their personal information with the baby registry. O Cara should not make this a regular practice. Her clients will begin to expect gifts and she will not be able to sustain this. CO Cara should have set up an appointment to re-evaluate her clients' needs now that they have had a baby. 40 Cara's gift is very thoughtful and will help to build a relationship with her clients. NUTYks10TNRUQ2h0bmkbEVKUTO90
- Using your results from Problem 6,(a) Calculate the probability that the project will be completedin 38 weeks.(b) Calculate the probability that the project will be completedin 42 weeksDave is the project manager for a construction project that is building agazebo. When the project first started, he met with the stakeholders to definethe scope. The sponsors mentioned that the gazebo is a really important partof their daughter’s wedding ceremony that was planned for 7 months fromthen. In fact, they said that if the gazebo couldn’t be completed in 7 months, itwouldn’t be worth it for them to even start the project. Dave wrote down the7-month deadline to put in his Project Scope Statement. In which section ofthe document did the deadline appear?”A. Project ConstraintsB. Project DeliverablesC. Project ObjectivesD. Project Assumptions Which of the following is a “hygiene factor” under Herzberg’s Motivation-Hygiene Theory?A. Recognition for excellent workB. Self-actualizationC. Clean clothingD. Good relations with coworkers and managersThe following represents a project that should be scheduled using CPM: ACTIVITY ABCDEFGH А с IMMEDIATE PREDECESSORS IAABUDR C,D D,E F,G TIMES (DAYS) b a 1 1 3 - NTTTTE 1 1 1 1 2 m 5 WaNNASNU 2 5 4 2 2 6 3 ∞∞NWO3770 9 10 12 8