6- The value of the normal distribution variable Z at a time of two weeks greater than the critical path time is 1.41 O
Q: Critical Path Method (CPM) helps project manager to plan all tasks that must be completed as part of…
A: Given data is
Q: Development of Version 2.0 of a particular accounting software product is being considered by Jose…
A: Note: - As we can answer only three subparts, the first three(a, b, and c) will be answered. If…
Q: Why is it important to use earned value management (EVM) in the overall management of projects?…
A: Earned value management refers to the project management tool that helps the professional to…
Q: The following descriptions are always true of the critical path in a project EXCEPT: * Is the…
A: Project management is the implementation of procedures, strategies, expertise, knowledge, and…
Q: snip
A: If a non-critical path activity is delayed, there is no change in the overall duration of the…
Q: the closest answer.
A: b. 15.8
Q: Discuss the use of the Critical Path Method (CPM) to findthe shortest time for the completion of a…
A: Critical path method:- Project managers utilise the critical path method (CPM) to develop a project…
Q: a engineering project consists of the activities shown in the following Table. Use the Critical Path…
A: Forward Pass:Early Start (ES) = Maximum (or Highest) EF value from immediate Predecessor(s)Early…
Q: The crash cost per period: O is the difference in costs divided by the difference in times (crash…
A: Crashing in project management is conducted in order to reduce project duration or to introduce…
Q: The FWO has just made the winning bid of 54 million Rs. to construct a new Building. Company has…
A: Master Working Sheet as mentioned-
Q: Suppose we are using the CPM with three time estimates (PERT) to schedule a project. What is the…
A: The Z value is determined from the probability of a normal distribution curve through the function…
Q: (c) Determine the ES, EF, LS, LF, and slack time for each activity. (d) Determine the total…
A: Solution: c) Excel formulas
Q: graphical representarion t
A: option A
Q: After the first month of a project, the Actual Cost was $400 and the planned cost for the first…
A: Given, Actual cost, AC = $400 Planned cost or Budget, PC = $500 Work completed = 50% a) Earned…
Q: primary and CPM is that CPM uses probabilities on the activity times and PERT does not. PERT…
A: The essential contrast among PERT and CPM is that Spunky arrangements with flighty exercises,…
Q: Given the tabulated data shown, prepare the PERT / CPM or arrow diagram and identify the critical…
A: THE ANSWER IS AS BELOW:
Q: True/False Statements (Tick the correct option) Selection of the critical path in network…
A: BELOW IS THE SOLUTION:-
Q: The FWO has just made the winning bid of 54 million Rs. to construct a new Building. Company has…
A: Note: - Since we can answer only up to 3 subparts we will answer 1, 2, and 3 for your question.…
Q: Izzi used a project management softwäre package and has determined the following results for a given…
A: Expected completion time of the project: μ=22 days Variance of Project: σ2=2.77 days Standard…
Q: a) The probability of completing the critical path in 12 weeks (or less), as the client desires.…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: There are four activities on the critical path, and they have standard deviations of 1, 3, 9, and 3…
A: Given data is
Q: A project consists of three tasks: A, B, and C. Task A is known to take five days forsure. Tasks B…
A: Organizations plan numerous things regarding a project. It is because many things are dependent on…
Q: b. What is the minimum cycle time that could be considered for this operation? Whatis the minimum…
A:
Q: 00:19:06 Remaining An activity in a PERT network is expected to require 54 days to complete. This…
A: Given data is O = 48 days M = 200 days Expected time = 54 days
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: latest finish time of the last activity
A: Critical path is the longest duration indicating path from a project. A critical path indicating the…
Q: Build a PERT Network Diagram for a 3-month project with 6 activities (A to F) and 5 nodes
A: The answer is as below:
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: Please provide the CPM result for each of the following metrics: E[S_{end}] = E[ES_{D}] =…
A: We are allowed to do first three sub parts only. Please post rest parts again to get answers. The…
Q: The main tool for managing the project scope, as described in PMBOK, is the O project charter O…
A:
Q: A B T= 4 T= 3 F T= 3 T= 3 D E G T= 1 T= 2 T= 2 The network diagram of a project along with the…
A: The project network is the diagram that shows the order of completion of project network activities…
Q: A graphical representation that shows project events as nodes and arrows represents relationship is…
A: Project management is the management in which different types of skills and knowledge are used to…
Q: Development of Version 2.0 of a particular accounting software product is being considered by Jose…
A: Project length is the evaluation of the amount of time needed by a specific project activity carried…
Q: PROJECT PLANNING & SCHEDULING WITH GANNT CHART Given the activities of a project; their optimistic…
A: Note: - As we can answer only up to 3 questions, we will answer questions 1, 2, and 3 for your…
Q: The PERT and CPM methods work by determining the "critical path" for completing a series of…
A: PERT & CPM are processes of project management helps in the fundamental organizational aspects…
Q: For each of the following network diagrams, determine both the critical path and the expected proj-…
A: The network diagrams for critical path can be constructed in two ways: Arrow to Node - AON Arrow to…
Q: 18) When there are multiple critical paths in a project: a. The risk is less as it divided between…
A: "Since you have asked multiple questions we will solve the first question for you. If you want any…
Q: Saint Teresa's Hospital is looking to implement a new ERP system. Russell Trent has been developing…
A: Find the Given details below: Task ImmediatePredecessors Mean Std Dev Var A Start 20 19.4…
Q: Calculate the expected time and the variance - a - 47 weeks b - 167 weeks m - 67 weeks
A: Given: Optimistic time (a) = 47 weeks Pessimistic time (b) = 167 weeks Most likely time (m) = 67…
Q: As discussed in class, in using Critical Path Method (CPM) in Project Management, A. the critical…
A: The Path having the longest duration is Critical Path. It indicates the total time needed to…
Q: 8- The probability of completing the project in a time greater than the critical path time plus 2…
A: The probability is seen corresponding to z-score under normal distribution is considered in the…
Q: In project management, CPM is an activity-oriented approach. Select one: O True O False
A: Critical Path Method (CPM) used by project managers in all types of projects such as construction,…
Q: Given the activities of a project; their optimistic (to), most likely (tm) and pessimistic (tp) time…
A: As the table is missing form your question. I am considering the table given below because I have…
Q: A _____ is a method of incorporating change into project planning and execution processes.…
A: A Small Introduction about Project Planning A project plan comprises angles like destinations,…
Q: An architect of a task force planning the construction of a domed stadium had hoped to be able to…
A: Critical path: It is the order of the activities of the project network in which the shortest…
Step by step
Solved in 4 steps with 3 images
- 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 $875 B What is the total cost of crashing the project 4 weeks (just the additional cost, not total project cost)? (Display your answer to two decimal places.)Dave is the project manager for a construction project that is building agazebo. When the project first started, he met with the stakeholders to definethe scope. The sponsors mentioned that the gazebo is a really important partof their daughter’s wedding ceremony that was planned for 7 months fromthen. In fact, they said that if the gazebo couldn’t be completed in 7 months, itwouldn’t be worth it for them to even start the project. Dave wrote down the7-month deadline to put in his Project Scope Statement. In which section ofthe document did the deadline appear?”A. Project ConstraintsB. Project DeliverablesC. Project ObjectivesD. Project Assumptions Which of the following is a “hygiene factor” under Herzberg’s Motivation-Hygiene Theory?A. Recognition for excellent workB. Self-actualizationC. Clean clothingD. Good relations with coworkers and managersUsing the information provided in the table, the network diagram and the project completion time = 25 weeks, reduce the completion time of the project by 3 weeks in the most economical way. Activity NormalTime(weeks) NormalCost ($) 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 .
- Your 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?For conducting a project seven activities should be performed but maximum availablemanpower is 17. Task duration and manpower requirement is given below. Project managersaid, “It is possible to complete the project without leveling the manpower". Evaluate thestatement of the PM. (Justified or Not-Justified)You 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?
- please help, project management. I need part D,Eand 2 1) Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV=$22,000 EV=$20,000 AC=$25,000 BAC=$120,000 a) What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? Show your calculations. b) How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Explain. c) Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned? Explain. d) Use the SPI to estimate how long it will take to finish this project. e) Sketch the earned value chart for this project. 2) Write a one-page summary explaining how is project cost management different when using an Agile approach? Make sure to document any cited…A student has been put in charge of a new garden design. The new design will involve five different activities. Per project management guideline, activities “a” and “b” start on day 0. Draw the network diagram. Calculate ES/EF/LS/LF and Slack for all activities. Activity A: Immediate Predecessprs (-) Duration days (3) Activity B: Immediate Predecessprs (-) Duration days(5) Activity C: Immediate Predecessprs (a) Duration days(3) Activity D: Immediate Predecessprs (b) Duration days(7) Activity E: Immediate Predecessprs (C,D) Duration days(3)Dave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to determine ES, EF, LS, LF, and slack for each activity. The total project completion time and the critical path should also be determined. Here are the activity times: Activity Time (weeks) Immediate Predecessor(s) Activity Time (weeks) Immediate Predecessor(s)A 6 - E 5 BB 8 - F 6 BC 2 A G 9 C, ED 3 A H 7 D , F Dave's earilest start (ES) and earliest finish (EF) are: Activity ES EF A 0 6 B 0 ? C D E F G H
- 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…The VOXN Cinema is installing a new system to enhance the quality of movies shown. Assume that the following table provides information on the immediate predecessor relation and time estimated for each event. a.List the possible eight events which you think essential in expanding a Cinema.b. Draw a network diagramc.find the total time required to complete the project d. List the critical events of the project. Activity immediate predecessor Time (weeks) A - 3 B - 4 C A 6 D B 2 E A 5 F C 2 G D , E 4 H F , G 5I only need help with D,E,F ONLY PLEASE!! 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…