8- The probability of completing the project in a time greater than the critical path time plus 2 weeks is * 11%
Q: Three activities are candidates for crashing on a project network for a large computer installation…
A: Crash cost per day = (Crash cost - Normal cost) / (Normal time - crash cost)
Q: c. Suppose that the indirect costs of the project amount to $200 per day. Find theoptimal number of…
A: Given Data Activity Immediate Predecessor Normal Time Expedited Time Normal Cost Expedited…
Q: B. What is the expected project completion time? 7 weeks 8 weeks 9 weeks 6 weeks C. Which are the…
A: In this question, I would construct the Gantt chart based on the given Activity ID, Activity…
Q: If indirect costs for each duration are $300 for 27 weeks, $240 for 26 weeks, $180 for 25 weeks,…
A: Find the Given Details below: Activity Normal time (Weeks) Normal Cost Maximum Crash time Crash…
Q: 13.39 Activity A is worth $500, is complete, and actually cost $500. Activity B is worth $1.000, is…
A: Earned Value (EV) is the sum of percentage completed multiplied by the task budget. The calculation…
Q: A E Start Finish B D F G Activity | A А В C D E F G Time 3 5 5 6 he crashing data for this project…
A: Critical path activity-
Q: 1. A project was planned using PERT with three-time estimates. The expected completion time of the…
A:
Q: Ql: For the project listed below, find the following items: 1- Total project finishing time. 2-…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: a) What is the probability that the project can be completed in 25 days or fewer?
A: The expected activity time is the time taken by the particular activity to complete the project…
Q: Three activities are candidates for crashing on a project network for a large computer installation…
A: Activity Normal Time (days) Crash Time (days) Normal Cost Total Cost with Crashing…
Q: Why might the critical path change during a project? What happens if the critical path does change?
A: A critical task might be described as a task that must be met on a plan for the project to complete…
Q: 2. Reduce job 3 by two days. ONo O Yes 3. Reduce job 5 by two days. Yes O No e. What is the…
A: Given Information: Critical Path:- 1-2-5-8-9-11 Expected Completion Time:- 26.5 days
Q: 4- Standard Deviation Value For the critical path in the project is
A:
Q: d. The partners have decided that shortening the project by two days would be beneficial, as long as…
A:
Q: The critical path through a network consists of activities A, B and C where each activity has an…
A: Duration of each critical activity = 10 weeks Total duration of critical path = Duration of A +…
Q: Gabrielle Kramer, owner of Pet Paradise, is opening a new store in Columbus, Ohio. Her major concern…
A:
Q: Why might a probabilistic estimate of a project’s completion time based solely on the variance of…
A: Near critical paths might have a larger path variance when compared to the critical path itself,…
Q: probability. The actual time period for the completion of the project within the PERT technology?
A: ANSWER IS GIVEN BELOW:
Q: QI: For the project listed below, find the following items. 1- Total project finishing time 2-…
A: NOTE: Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Use the following project status information to calculate each of the requested EVM numbers below.…
A: Task Budget Cost Duration % Complete Actual Cost Planned Value Earned Value =% complete *PV A…
Q: Task Name Normal time Normal Crash time Crash cost (slope) Predecessor cost 4. 85 3. 10 5. 100 4. 30…
A: We are using Forward pass method to solve below problem. Forward pass is a strategy to push ahead…
Q: Your company has just received an order from a good customer for a specially designed electric…
A: Solution a) The project network diagram is shown below
Q: activities, of which are on the critical path. If the estimated time along the critical path is 214…
A: We have for the estimated time, Mean = 214 Variance = 169
Q: Month 1 Month 2 Month 4 Month 5 Month 6 Activity A Cost $100 $200 $ 60 $ 80 $ 40 $150 $300 $100 $ 50…
A: The Cost Performance Index or called (CPI) is a process for estimating the cost efficiency &…
Q: The diagram below was developed for the project launch of Kitty Condo, a new product in the luxury…
A: Project paths Normal duration A-D-G 29 A-E-H 31 B-F-H 27 C-I-H 25 Critical…
Q: 1. A project was planned using PERT with three-time estimates. The expected completion time of the…
A: Given- Expected completion time (x) = 40 weeksDesired completion time (μ) = 40 weeks or…
Q: a) The expected (estimated) time for activity C is 12.00 weeks. (Round your response to two decimal…
A: To determine the Estimated time for any activity, we would use the below formula, the expected time…
Q: Activity Normal_time Crash_time Normal_cost Crash_cost Slack A. 31 17 4800 6200 B 14 14 5500 5500 34…
A: Given- Activity Name Normal Time Crash Time Normal Cost Crash Cost SLACK A 31 17 4800 6200 0…
Q: Determine the probability that the project will be completed in 23 weeks, 25 weeks and 27 weeks.
A: Here, The expected activity time or time estimate could be determined using the formula, (Optimistic…
Q: What’s the significance of identifying the critical path?
A: Since you have asked multiple questions, we will answer the first question for you. If you want a…
Q: Given the project information in the following table, what is the probability of completing the…
A: THE ANSWER IS AS BELOW:
Q: snip
A: Given, First path ( X1) , Length= 10 days Variance= 2 days Second path ( X2), Length= 11 days…
Q: 1. A project was planned using PERT with three-time estimates. The expected completion time of the…
A: Given- Mean (x) = 40 weeks Desired completion time (μ) = 40 weeks Variance (σ2) = 9 weeks
Q: Define Time–Cost Models and Project Crashing?
A: Project crashing Project crushing refers to the process of reducing the project duration by…
Q: The possibility of completing the project in less or equal time The critical path plus 2 weeks is 95…
A:
Q: 3- The value of the variance of the critical path in the project is
A: Variance = square of sum standard deviations of critical activities Standard deviation = (b-a)/6
Q: a. Determine the expected project completion time and the variance. b. What is the project's…
A: The critical path is a method to find the shortest duration by which a project can be completed with…
Q: The following activities represent a small project to be constructed Normal Duration Previous (…
A: Given data is
Q: ABC is one of the construction company and they are experiencing a huge idle time and cost overrun…
A: The given problem is Activity ImmediatePredecessors NormalTime NormalCost CrashTime CrashCost A…
Q: [Project Management] Because a housing project is running late, the developer will need to complete…
A: Given Activity prior normal days crash days A - 9 9 B A 9 9 C B 14 12 D B 18 11 E…
Q: How do we estimate the likelihood of a project being finished by a certain date? In this…
A: Project Evaluation and Review Technique (PERT) is a technique for evaluating and reviewing projects.…
Q: What is the probability of completion of the project before week 42
A:
Q: Calculate the ES, EF, LS, and LF times and the slack for each activity in t the critical path for…
A: The full form of the term is as follow, ES- Earliest Start Time EF-Earliest Finish Time LS-Latest…
Q: Q2. In the above question, the completion times of the activities BD and DE are on average 6 hours…
A: The question is related to Crtical Path. The Path having the longest duration is Critical Path. In…
Q: A project being analyzed by PERT has 60 activities, 13 of which are on the critical path. If the…
A:
Q: 1- The number of critical paths in the project is All options are incorrect O
A: One of the methods to find the longest duration that a project would take to complete is the…
Q: What is the effect of overlapping activities that are not on the critical path?a. An earlier project…
A: The correct answer is (c)
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- 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 $10,000 per week will be incurred by your company for every week the project is delayed beyond week 15. Activity Immediate Predecessor(s) Normal Time (weeks) Crash Time (weeks) Normal Cost ($) Crash Cost ($) A None 2 1 7,000 10,000 B None 2 2 3,000 3,000 C A 3 1 12,000 40,000 D B 3 2 12,000 28,000 E C 1 1 8,000 8,000 F D, E 5 3 5,000 15,000 G E 3 2 9,000 18,000 H F, G 8 6 14,000 32,000 Construct a network diagram for the project. 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? What is the…Dave is the project manager for a construction project that is building agazebo. When the project first started, he met with the stakeholders to definethe scope. The sponsors mentioned that the gazebo is a really important partof their daughter’s wedding ceremony that was planned for 7 months fromthen. In fact, they said that if the gazebo couldn’t be completed in 7 months, itwouldn’t be worth it for them to even start the project. Dave wrote down the7-month deadline to put in his Project Scope Statement. In which section ofthe document did the deadline appear?”A. Project ConstraintsB. Project DeliverablesC. Project ObjectivesD. Project Assumptions Which of the following is a “hygiene factor” under Herzberg’s Motivation-Hygiene Theory?A. Recognition for excellent workB. Self-actualizationC. Clean clothingD. Good relations with coworkers and managersYou are the project manager of the software installationproject in Table 7.12. You would like to find the minimum-costschedule for your project. There is a $1,000-per-week penaltyfor each week the project is delayed beyond week 25. In addi-tion, your project team determined that indirect project costsare $2,500 per week.a. What would be your target completion week?b. How much would you save in total project costs with yourschedule?
- Hi, I need help answering the last question. 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) A 5 3 $800 $1,200 - B 6 5 $300 $450 - C 6 5 $550 $775 - D 3 2 $750 $950 A E 6 3 $1,350 $2,250 C F 5 3 $675 $875 B What 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.)Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a). Develop a project network. (b) Develop an activity schedule. Activity EarliestStart LatestStart EarliestFinish LatestFinish Slack A B C D E F (c) What are the critical activities? (Enter your answers as…Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop an activity schedule. What are the critical activities? (Enter your answers as a comma-separated list.) Assume that the company wants to complete the project in six months or 26 weeks. What is the amount of crash time (in weeks) for each activity that minimizes…
- Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop a project network. A project network with 8 activities and 8 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B and to activity C. Activity B is connected to activity D. Activity C is connected to activity E. Activity D is…Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (d) Assume that the company wants to complete the project in six months or 26 weeks. What is the amount of crash time (in weeks) for each activity that minimizes cost? (A, B, C, D, E) = (e) Develop an activity schedule for the crashed project. Activity EarliestStart LatestStart…Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop a project network. A project network with 8 activities and 8 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B and to activity C. Activity B is connected to activity E. Activity C is connected to activity D. Activity D is…
- Using the information provided in the table, the network diagram and the project completion time = 25 weeks, reduce the completion time of the project by 3 weeks in the most economical way. Activity NormalTime(weeks) NormalCost ($) CrashTime(weeks) CrashCost ($) MaximumweeksReduced CrashCost perWeek ($) A 3 500 2 900 1 400 B 4 600 3 700 1 100 C 6 800 3 1,286 3 162.00 D 6 1,500 4 2,150 2 325 E 6 1,750 4 2,250 2 250 F 5 1,200 5 1,200 0 0 G 7 1,500 5 1,794 2 147 H 3 500 3 500 0 0 Reduce G by select a number of (1-4) week(s), C by select a number (1-4) of week(s), at a cost of $ __________ enter a dollar amount .Image of Diagram included Using the diagram, find: The critical path. How long it will take to complete the project? How does simulation determine the probabilities of various project completion times? What is "slack" and why is it important? Why is activity-on-arrow (AOA) or activity-on-node (AON) of significant value to the project manager? How is the uncertainty in project scheduling dealt with? Should the critical path activities be managed differently from noncritical path activities? Explain.A project is scheduled to complete in six months duration. There are two activities in the project. The actual cost of Activity 1 is SAR 300,000 and that of Activity 2 is SAR 200,000. The planned value of these activities is SAR 280,000 and 150,000 respectively. On reviewing, the current project status is Activity 1 is 100% completed and Activity 2 is only 75% completed. (i) Perform the earned value calculations of the above project scenario and fill the given table. Activity Month 1 Earned Value Planned Value Actual Cost Cost Variance Scheduled Variance Cost performance Index Schedule performance Index (ii) What do you infer about the project schedule and cost based on your calculations?
