13.42 Activity Ais worth $100, is complete, and actually cost $150. Activity B is worth $500, is 75% complete, and has actually cost $400 so far. Activity C is worth $500, is 25% complete, and has actually cost $200 so far. What is the estimated cost to completion for the project?
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- Given the following table, construct a network diagram, either AOA or AON. Times are in days.a. Determine the expected duration of the project.b. Compute the probability that the project will take at least 18 days.Path Activity Time EstimatesA 4-5-6Top B 7-8-10C 3-5-9D 7-8-11Bottom E 2-3-4F 1-4-6The new director of special events at a large university has decided to completely revamp graduation ceremonies. Toward that end, a PERT chart of the major activities has been developed. Thechart has five paths with expected completion times and variances as shown in the table. Graduation day is 16 weeks from now. Assuming the project begins now, what is the probability that theproject will be completed beforea. Graduation time?b. The end of week 15?c. The end of week 13?PathExpected Duration(weeks) VarianceA 10 1.21B 8 2.00C 12 1.00D 15 2.89E 14 1.44The managers at AllBirds have operations in multiple countries, which operate on different financial management systems. This has been increasingly challenging for the company, so the Justin is looking to consolidate and integrate the financial management across all locations into a single software system that can operate across the national boundaries. This is a new, complicated and lengthy project, so Justin has identified a set of activity categories that will need to be carefully managed, as noted in the table. What is the probability that project can be completed two months early?
- Three recent college graduates have formed a partnership and have opened an advertising firm.Their first project consists of activities listed in the following table.a. Draw the precedence diagram.b. What is the probability that the project can be completed in 24 days or less? In 21 days or less?c. Suppose it is now the end of the seventh day and that activities A and B have been completedwhile activity D is 50 percent completed. Time estimates for the completion of activity D are5, 6, and 7. Activities C and H are ready to begin. Determine the probability of finishing theproject by day 24 and the probability of finishing by day 21.TIME IN DAYSActivityImmediatePredecessor Optimistic Most Likely PessimisticA — 5 6 7B — 8 8 11C A 6 8 11D — 9 12 15E C 5 6 9F D 5 6 7G F 2 3 7H B 4 4 5I H 5 7 8End E, G, Id. The partners have decided that shortening the project by two days would be beneficial, as longas it doesn’t cost more than about $20,000. They have estimated the daily crashing costs for…The Advanced Tech Company has a project to design anintegrated information database for a major bank. Datafor the project are given in Table 7.6. Indirect project costsamount to $300 per day. The company will incur a $150 perday penalty for each day the project lasts beyond day 14.a. What is the project’s duration if only normal times are used?b. What is the minimum-cost schedule?c. What is the critical path for the minimum-cost schedule?a. Draw the precedence diagram b. What is the probability that the project can be completed in 24 days or less? In 21 days or less?
- A project consists of five activities listed below. The project network is shown for the activities. The critical path is B-C-E and the expected completion time is 8. Optimistic Most Probable Pessimistic Activity Time (hr) Time (hr) Time (hr) A Floor sanding 3 4 5 B Paint mixing 0.5 1 1.5 C Ceiling painting 1 5.5 7 D Wall painting 1 2 9 E Floor buffing 1 2 3 What is the probability that the project can be completed within 9 hr.?When will the activity be finished? 9 months 10 months 11 months 1 year When will activity CC end? month 6 month 7 month 8 month 5 When will activity DD start? month 6 month 7 month 8 month 5 What is the critical path? ACDE ABDE ABCDE ABCDThe conditions and pert times for constructing a network diagram are given below.-Creation conditions:(0-1) It is the initial activity.(1-2) and (1-3) Activities begin together.It follows activity (2-4) (1-2), activity (3-4) (1-3), and ends together.( 4-5 ) It is the last activity. a-Create the network diagram.b-Calculate the critical path and show it on the diagram.c- If the expiry time is extended by 15 days, how much will the probability of expiry increase?
- The managers at AllBirds have operations in multiple countries, which operate on different financial management systems. This has been increasingly challenging for the company, so the Justin is looking to consolidate and integrate the financial management across all locations into a single software system that can operate across the national boundaries. This is a new, complicated and lengthy project, so Justin has identified a set of activity categories that will need to be carefully managed, as noted in the table. Draw the project network, and compute the expected time and variance for each activity. Develop an activity schedule for this project, compute activity slack time and identify critical path.Suppose you have a project with a Budget at Completion (BAC) of $250,000 and a projected length of 10 months. After tracking the project for six months, you have collected the information in the table below. a. Complete the table. How do Earned Value SPI (based on $) and Earned Schedule SPI differ? b. Calculate the schedule variances for the project for both Earned Value and Earned Schedule. How do the values differ?The following six activities constitute an overall bar chart portrayal of 4-month project. Two months after the start of construction, Activities A, C, D half of E, and one-fourth of B were completed, for a cost of $10,500. Evaluate the status of the project. Using earned value concepts, determine the schedule variance and the cost variance. State if the project is over or under budget and if it is ahead of or behind schedule.