1. The network 2. The CP and expected completion time 3. All expected activity times, variances and slacks
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- You have collected the data for a Time-Cost CPM Scheduling model analysis. The time is in days and the project "direct costs" are given below. Immediate Normal Crash Normal Crash Activity Predecessor Time Time Cost (Direct) Cost (Direct) A None 3 2 $300 $408 B A 3 3 $100 $100 C A 1 1 $200 $200 D B and C 3 2 $400 $550 E D 2 1 $500 $900 F E 3 3 $200 $200 G F 2 2 $200 $200 The indirect costs for the project are determined on a daily duration basis. If the project lasts 16 days the total indirect costs are $408, 15 days they will be $350, 14 days they will be $200, and 13 days they will be $100. If you crash this project by one day what is the total (i.e., direct and indirect) project cost?A recent survey by IBM of 585 mobile application developed and managers found that only one-thir of mobile development projects successfully Mey project criteria in terms of budget, schedule, and project objectives. Given that, what are some of the potential Riska for companoes, such as FIMC, that develop and deploy a mobile app on such a tight scheduleYour company has just received an order from a good customer for a specially designed electric motor. The contract states that, starting on the 13th day from now, your firm will experience a penalty of $100 per day until the job is completed. Indirect project costs amount to $200 per day. The data on direct costs and activity precedence relationships are given in Table. Electric Motor Project Data Activity Normal Time(days) Normal Cost ($) Crash Time (days) Crash Cost ($) ImmediatePredecessor(s) A B C D E F G H 4 7 5 6 3 11 4 3 1000 1400 2000 1200 900 2500 800 300 3 4 4 5 2 6 3 1 1300 1200 2700 1400 1100 3750 1450 500 None None None A B C D,E F,G a. Draw the project network diagram.b. What completion date would you recommend?
- Based on the case below, answer the following questions:The duration for the project is two year. Recall that PV is the planned value, EV is theearned value, AC is the actual cost, and BAC is the budget at completion.PV = 38,000EV = 40,000AC = 36,000BAC = 220,000(a) What is the Cost Variance (CV), Schedule Variance (SV), Cost Performance Index(CPI), and Schedule Performance Index (SPI) for the project?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)Project Typhoon has a net present value of $10,000 and a profitability index of 1.01. Project Cyclone has a net present value of $10,000 and a profitability index of 1.10. Project SurfsUp has a net present value of $10,000 and a profitability index of 1.05. If only one project could be undertaken, what should the oraganiztion select?
- Development of Version 2.0 of a particular accountingsoftware product is being considered by Jose Noguera'stechnology firm in Baton Rouge. The activities necessary for thecompletion of this project are listed in the following table: a) What is the project completion date?b) What is the total cost required for completing this project on normal time? c) If you wish to reduce the time required to complete this projectby I week, which activity should be crashed, and how much will this increase the total cost?d) What is the maximum time that can be crashed? How much would costs increase?Use the following project status information to calculate each of the requested EVM numbers below (a-i).The project status is reported at the end of week 13. Task Budget Cost Budget Duration Status as of Week 13 A $5,000 2 Weeks 100 percent complete $5,000B $8,500 3 Weeks 100 percent complete $9,000C $15,000 4 Weeks 75 percent complete $14,000D $10,000 4 Weeks 50 percent complete $9,000 E $12,000 4 Weeks Not startedF $15,000 5 Weeks Not started a. Planned Valuedb. Actual costc. Cost varianced. Schedule variancee. Cost performance indexf. Schedule performance indexg. Budget at completionh. Estimation to completei. Estimation at completionPlease do not give solution in image format thanku The scheduled completion date is 50. The expected completion date of the project is 46. The variance of the project critical path is 5.5. Determine the probability of being late. Round your answer to 3 decimal places.
- Development of Version 2.0 of a particularaccounting software product is being considered by JoseNoguera’s technology firm in Baton Rouge. The activitiesnecessary for the completion of this project are listed in thefollowing table: a) What is the project completion date?b) What is the total cost required for completing this projecton normal time?c) If you wish to reduce the time required to complete thisproject by 1 week, which activity should be crashed, andhow much will this increase the total cost?d) What is the maximum time that can be crashed? Howmuch would costs increase?#3) Consider the following project, all durations are in days. Construct a precedence diagram, find the critical path and which tasks have slack and how much each has. Which tasks would you recommend crashing to reduce the project duration by six days assuming that it costs the same to crash each task and no task by be crashed to more than half its original duration and tasks A and N cannot be crashed at all? Task Predecessors Most Likely Duration A - 8 B A 12 C A 6 D A 12 E B 10 F E 7 G C 18 H C 13 I G 10 J H 13 K D 10 L K 11 M L 7 N F, I, J, M 4 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Please Answer the following questions:- How does earned value give a clearer picture of project schedule and cost status than a simple plan versus actual system?- Schedule variance (SV) is in dollars and does not directly represent time. Why is it still useful?- In month 9 the following project information is available: actual cost is $2,000, earned value is $2,100, and planned cost is $2,400. Compute the SV and CV for the project.- On day 51 a project has an earned value of $600, an actual cost of $650, and a planned cost of $560. Compute the SV, CV, and CPI for the project. What is your assessment of the project on day 51?