Development of Version 2.0 of a particular accounting software product is being considered by Jose Noguera's technology firm in Baton Rouge. The activitiesnecessary for the completion of this project are listed in the following table:ActivityABCDEFGNormal Time Crash Time Normal(weeks)Cost$2,100Total CostwithImmediateCrashing Predecessor(s)4$2,800$2,200$2,900$750$750$2,500$2,820$1,000 $1,300$3,200$4,700$1,400 $1,900238634(weeks)31344322a) Based on the given information regarding the activities for the project, the project length =b) The total cost required for completing this project on normal time = $weeks.c) For reducing the duration of the project by one week, the activity that should be crashed first is activityThe cost of the project based on the first activity selected for crashing will increase by $d) The maximum weeks by which the project can be reduced by crashing =Total cost of crashing the project to minimum (or maximum weeks possible) = $|weeks.ABCD, E

Answered: Development of Version 2.0 of a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

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

See similar textbooks

Similar questions

For this assignment, you will design a risk management plan for a project titled “prolonged waiting times for patients in a large outpatient hospital” that will include the following elements: Risk Register/Matrix (list of at least 5 (five) risks along with the associated impact and probability scores along with risk score) Contingency plan (list of any risks you will plan for in advance along with what triggers the contingency). Be sure to include any information useful to stakeholders on the rationale for the creation of these elements as well as any outside references supporting the risk management plan.
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
MODELLING AND SIMULATION 1. What is the best way to plan a simulation project? Why? 2. Does project management help you to simulate a model? In what way/s? 3. Car dealers have realized how profitable it can be to sell automobiles by using the Web. Pretend that you work for a local car dealership that is part of a large chain of car industry. Create a project management process (include the sub-processes) that you will implement in developing such web-based system.
The following represents a project that should be scheduled using CPM: TIMES (DAYS) ACTIVITY IMMEDIATE PREDECESSORS ABCDEFGH G H A A-D-G-H A-C-F-H B-E-G-H A-D-F-H A B C,D D, E F,G b. What is the critical path? a 1 1 1 2 3 3 1 2 m 3 2 2 3 4 4 4 4 D53341565 b 11
What is the minimum cost of crashing the following project that Roger Solano manages at Slippery Rock University by 4 days? Normal Cost $800 $200 $600 $750 $1,200 Normal Crash Activity Time (days) Time (days) 4 3 8 6 The total cost of crashing the project by 4 days is $ ABCDE 487 355 (Enter your response as a whole number.) Total Cost with Crashing Immediate Predecessor(s) $1,500 $1,650 By how many days should each activity be crashed to reduce the project completion time by 4 days? Fill in the table below. (Enter your responses as whole numbers.) Each Activity Should be Reduced BY (days) Activity A B C D E $1,100 $600 $650 A C
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 weeks
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
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?
Problem Statement: Project Control and Monitoring You are working on a manufacturing project having a budget of PKR 3,600,000 and expected time of its completion is one year. There is an ideal condition that your budget and work are evenly spread across the duration of the project that is twelve month. At the end of forth month, the senior management has called a meeting and invited all the stakeholders to brief about the status of the project. You being the PM of this project is giving the presentation to all the attendees and informed that project is on schedule and PKR 1,800,000 have already been spent on the project. Required: Calculate Cost and Schedule Variance What is SPI and CPI of the project? Estimate at completion and Estimated time to complete?
Development of Version 2.0 of a particular accounting software product is being considered by Jose Noguera's technology firm in Baton Rouge. The activities necessary for the completion of this project are listed in the following table: Total Cost Normal Time Crash Time Normal with Immediate Activity (weeks) (weeks) Cost Crashing Predecessor(s) $2,200 $2,100 $2,900 $2,900 A 4 3 1 C 3 3 $500 $500 $2,500 $1,000 $3,200 $2,800 $1,375 $4,600 $2,100 8. E 6. 3 G 4 $1,600 D, E a) Based on the given information regarding the activities for the project, the project length = weeks. %3D b) The total cost required for completing this project on normal time = $ %3D c) For reducing the duration of the project by one week, the activity that should be crashed first is activity The cost of the project based on the first activity selected for crashing will increase by $ d) The maximum weeks by which the project can be reduced by crashing = weeks. %3D Total cost of crashing the project to minimum (or…
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.
Paragraph Styles Eg Problem 2 The table below contains data for the installation of new equipment in a manufacturing process for a steel corporation. Your company is responsible for the installation project. Indirect costs are $6,000 per week, and a penalty cost of $10,000 per week will be incurred by your company for every week the project is delayed beyond week 15. Immediate Normal Time Crash Time Normal Cost Crash Cost Activity Predecessor(s) (weeks) (weeks) ($) 7,000 3,000 ($) A None 1 10,000 None 2 3,000 A 3 1 12,000 40,000 12,000 28,000 E C 1 1 8,000 8,000 F D, E 5 5,000 15,000 3 9,000 18,000 F, G 6. 14,000 32,000 Construct a network diagram for the project. a. b. What are the project completion time and the total cost under normal conditions? What is the shortest time duration for this project regardless of cost? What is the resulting total cost? с. d. What is the minimal total cost associated with completing the project in 16 weeks? e. What is the total time for the…

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS