The following table represents a plan for a project TIMES (DAYS) an b 23 4 1 2 3 45 12 34 11 13 5 3 18 9 246 24 12 57 308 NO. PREDECESSOR 308 (5) b. Indicate the critical path 1-4-7-10-11 O 1-2-5-8-9-11 1-3-6-8-9-11 c. What is the expected completion time for the project? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected completion time d. You can accomplish any one of the following at an additional cost of $1,500. If you will save $1,000 for each day that the earliest completion time is reduced, which of the following actions should be taken, if any? 1. Reduce job 5 by two days - Yes No 2. Reduce job 3 by two days O Yes No 26.83 days 3. Reduce job 7 by two days O yes No e. What is the probability that the project will take more than 30 days to complete? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Other than the expected completion time you entered in part c above, do not round intermediate calculations. Round "2" value to 2 decimal places your final answer to 4 decimal places.) Probability

The following table represents a plan for a project TIMES (DAYS) an b 23 4 1 2 3 45 12 34 11 13 5 3 18 9 246 24 12 57 308 NO. PREDECESSOR 308 (5) b. Indicate the critical path 1-4-7-10-11 O 1-2-5-8-9-11 1-3-6-8-9-11 c. What is the expected completion time for the project? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected completion time d. You can accomplish any one of the following at an additional cost of $1,500. If you will save $1,000 for each day that the earliest completion time is reduced, which of the following actions should be taken, if any? 1. Reduce job 5 by two days - Yes No 2. Reduce job 3 by two days O Yes No 26.83 days 3. Reduce job 7 by two days O yes No e. What is the probability that the project will take more than 30 days to complete? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Other than the expected completion time you entered in part c above, do not round intermediate calculations. Round "2" value to 2 decimal places your final answer to 4 decimal places.) Probability

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...

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Which of the following is not a project managerment constraint? Select one: Oa. Time O b. Safety Oc Cost O d. Risk
Given the data for a project in table Q3, using the following assumptions: 1. 8 hours as working day 2. The company will work all days. 3. Maximum number of workers available per day is 6 4. Activities cannot be break down 5. Budget will distributed equally per day, except for activities (B, H and L), the payment will be after two days of working: means that the first payment will be at the end of day2, then day four and so on. 6. They estimate that the work will starts on the first of November 2017 Develop a report containing the followings: Date of finish BAD O GYEK 1. 2. Early start and Slack time for each activity 3. Resource histogram 4. Cumulative Budget baseline curve 5. Interpret the final report co Table Q3 Duration (Hrs) No of Workers Budget Activity predecessor A None 48 12000 64 32000 C 16 10000 32 4. 12000 B,C 32 8000 B,C 16 6000 G B,C 16 4 10000 H. 64 16000 3. 16 4000 32 1 12000 K 32 3 16000 H. 48 1 12000 Total Budget of RM150000
EX6-12 (Algo) You are creating a customer database... You are creating a customer database for the Lehigh Valley IronPigs minor league baseball team. Given the information below, complete the forward and backward pass, compute activity slack, and identify the critical path. How long will this project take? ABCDACHSX K L Description Systems Subsystem A design Subsystem B design Subsystem C design Program A Program B Program C Subsystem A test Subsystem B test Subsystem C test Integration Integration test days. Predecessor None A A A B с D E F G H, I, J K Time (days) 7 3 1 3 5 15 5 3 3 5 3
4,4 The late start time for activity c is: 04 b, s None of the above 14 7 O11 0.3 d5 f. 2 h, I
A project with total budget cost of 30 cr. is scheduled to be completed in 80 weeks. A periodic review was carried out at end of 60 weeks and results are as given: Budgeted cost of work performed = 17 cr. Actual Cost of work performed = 19 cr. Budgeted cost of work scheduled = 21 cr. What is the cost performance index? A.0.895 B.0.81 C.0.90 D.1.12
2:30 PM ě 0.3KB/s 1ll 54 4G+ 00:15:12 Remaining Multiple Choice The primary difference between PERT and CPM is that CPM uses probabilities on the activity times and PERT does not. O. PERT considers activity costs and CPM does not. PERT can assign probabilities to activity times and CPM does not. CPM considers activity costs and PERT does not. 5 of 20 II
Using PERT, Adam Munson was a ble to determinethat the expected project completion time for the construction ofa pleasure yacht is 21 months, and the project va riance is 4.a) What is the probability that the project will be completed in17 months?b) What is the probability that the project will be completed in20 months?c) What is the probability that the project will be completed in23 months?d) What is the probability that the project will be completed in25 months?e) What is the due date that yields a 95% chance of completion?
Environment Recycling, Inc. must clean up a large automobile tire dump under a state environmental cleanup contract. Suppose that some of the activities in the Environment Recycling, Inc. project can be crashed.The table below shows the crash times and costs associated with performing the activities at their original (normal) times and also for the crash times (all times are in weeks). Normal Crash Normal Crash Activity Predecessor(s) Time Time Cost Cost A — 6 5 $490 $640 B A 9 7 1,800 2,400 C A 8 7 860 1,060 D — 7 6 620 920 E B, C, D 9 7 1,900 2,300 F D 4 2 820 1,320 G D 4 3 620 870 H E 5 4 500 710 I F, G, H 7 5 950 1,550 Choose the correct network for the project. The correct network is C . Identify the critical path. The critical path is A-B-E-H-I. What is the total project completion time? Round your answer to the nearest whole number. ___ weeks What is the lowest cost solution if…
O O D 40 4 22:31 photo_2021-02-2... O By using Bar chart planning method, find the following: - Total duration for the project activities shown below - The project completion date (assume the start date is 1/3/2012 Activity A В CDEF GHIJ Duration 8 28 4 6. 4 5 6 (days) Following C,DEFGH Activity * If the project shown above had a delay of (4 days after (13working days), what would its new delivery date be? 7. 5,
B/U pe Activity A B D 11. A project has the activity duration and cost information indicated in the table where all times are in weeks. There is a penalty of $4,000 per week for every week the project exceeds 37 weeks. What is the lowest total cost for completing this project? Predecessor Time 18 11 A A B C E D Normal A H 12 15 3 19 Asbe de ABC' AMBBC RACE AB 7 8 12 6 Normal Cost Crash Time Crash Cost $22,000 $32,000 $62,000 $18,000 $35,000 $8,000 $23,000 $32,000 $56,000 $12,000 5 $18,000 19 $22,000 $9,000 $15,000 $5,000 $13,000 $20,000 $45,000 2 5 4
Consider the following: Activity A < ש ס ח ד B C Normal time 4 W N Crash time Normal cost Crash cost Predecesso 3 1 3 4 3 2 2 2200 2400 500 2200 600 3600 1000 3 8 6 F 3 G 4 What is the cost for crashing the project by 5 days? 2600 2800 500 2600 1200 4200 2000 AB с D.E
2. Chris received new word proces which she intends to purchase a next week. Chris decided that sh of the activities she will need to a. Arrange the activities into tw b. (1) Construct an AOA netwo: (2) Construct an AON diagra c. Determine the critical path an d. What are some possible reasc