PM.61 Rob Smith is managing a small project at Boston University. He is under pressure to shorten the overall duration of the project by 4 weeks and hewants to do so at the lowest cost possible. In order to meet this objective a number of activities must be crashed.Activity Normal Time (weeks) Crashed Time (weeks)A53BсDEF66365What is the duration of the project (in weeks)?1255233What is the target duration of the project (after crashing the project)?8By how many weeks should activity A be crashed?0By how many weeks should activity B be crashed?1By how many weeks should activity C be crashed?1By how many weeks should activity D be crashed?0By how many weeks should activity E be crashed?3Normal Cost Crashed Cost Predecessor(s)$900$1,300$300$350$625$1,000By how many weeks should activity F be crashed?2$550$800$1,350$900$3,150$1,500-AсBWhat is the total cost of crashing the project 4 weeks (just the additional cost, not total project cost)? (Display your answer to two decimal places)Number

Project crashing is a process which reduces the total project completion time using additional cost…

Answered: PM 61 Rob Smith is managing a small…

Practical Management Science

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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IT PROJECT MANAGEMENT:EX 2.4 You have a project to be completed in 12 months, and the budget of the project is R100, 000. 6 months have passed, and R60, 000 has been spent., but on closer view you find that only 40% of work has been completed so far. Given in question : Actual cost (AC) =R60 000 Earned Value (EV) =40% of R100 000 =R40 000 Find the project's cost varience (CV) and determine if you are under budget or over budget.
8. Which of the following is NOT likely to occur after crashing a project activity? A. More risk associated with the project B. Less risk associated with the project
1.15 Given the following financing project being considered by a venture firm, find the probability of completing the path with the longest expected duration by 17 weeks. By 24 weeks. By what date is management 90 percent sure that this path will be completed? refer to first pic If the venture firm can complete the project for the customer within 18 weeks, it will receive a bonus of $10,000. But if the project delays beyond 22 weeks, it must pay a penalty of $5,000 due to lost opportunity.  If the firm can choose whether or not to bid on this project, what should its decision be if the project is only a breakeven one normally? Figure 8.15a shows the network. refer to second pic
A company is willing to develop their rocket before the end of current financial year which is now 28 weeks away. The chief engineer of the company has decided to use PERT technique in order to plan, schedule and control program of development for the data given in table below. What is the probability that the program will be completed by the end of the current financial year? (all durations are in weeks). (i) G) Optimum Duration Most likely duration Pesimistic duration 1 2 3 8 13 3 2 8 4 3 8 10 4 7 10 3 6. 3 8 4 9 10 4 8. 4 9. 5 7 9. 12 6. 5 11 7 9. 14 8 4. 00 2.
PM.61 Rob Smith is managing a small project at Boston University. He is under pressure to shorten the overall duration of the project by 4 weeks and he wants to do so at the lowest cost possible. In order to meet this objective a number of activities must be crashed. Activity Normal Time (weeks) Crashed Time (weeks) Normal Cost Crashed Cost Predecessor(s) А $800 $1,100 B 5 3 $400 $600 C 6 $500 $625 D 3 $850 $1,050 A E 6 $1,500 $2,850 F 3 2 $600 $700 B What is the duration of the project (in weeks)? Number What is the target duration of the project (after crashing the project)? Number By how many weeks should activity A be crashed? Number By how many weeks should activity B be crashed? Number By how many weeks should activity C be crashed? Number
A project has four major activities. Activity A precedes activity B, activity C precedes activity D. 3-point estimates for activities are A(4, 8, 12 ), B( 3, 6, 9 ), C( 1, 2, 3 ), D( 6, 12, 18 ) weeks. What probability would you assign to a project duration of more than 14 weeks? O a. 0.402 O b. 0.949 O c. 0.75 O d. 0.5
You are given the following data for an activity: ES = 10 EF = 15 LS = 16 Which of the following can you determine from this data? A. The activity's float and duration B. Only the activity float C. Only the activity duration D. Neither the activity's float nor its duration
Need help solving C and D. D) Freeze Inc.’s CEO established as a goal for top management to complete the project on or before 22 weeks. What is the probability that this project will be completed on or before 22 weeks?
Example 2.39 Table 2.119 provides normal and crash times as well as normal and crash costs for the activities of a project. Table 2.119 Project activity details Activity Normal Time (Weeks) Normal Cost (Lakhs) Crash Time (Weeks) 1-2 3 5 2-3 4 8 2-4 3 4 2-5 8 S 3-6 4 3 4-6 6 2 5-7 5 10 6-7 3 7 1 3 2 7 2 4 4 1 Crash Cost (Lakhs) 9 14 6 6 5 3 14 10 Project Network Analysis-1 | 141 (a) Draw the network and find the critical path. (b) Using the above information, crash or shorten the activities step by step until the shortest duration is reached. MMM, VI Sem, Mumbai Univ, 2006
EX6-11 (Algo) A large Southeast city is requesting federal... A large Southeast city is requesting federal funding for a park-and-ride project. One of the requirements in the request application is a network plan for the design phase of the project. Sophie Kim, the chief engineer, wants you to develop a project network plan to meet this requirement. She has gathered the activity time estimates and their dependencies shown here. 10 Description A B Survey Soils report C Traffic design 0 Lot layout. Approve design E F 111umination G Drainage H Landscape I Signage 3 Bid proposal The project is expected to take The critical path is Early start for Activity E is: Late finish for Activity F is: Slack for Activity Cis: Predecessor None A A A B, C, D. E E E t F. G, H, 1 Time (days) 11 18. 15 7 85 25 18 23 15 8 days. day(s)
11. Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 24 months, and the project variance is 4. Part 2 a) The probability that the project will be completed in 20 months = ______ (round your response to four decimal places)
The 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

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