Question 2In Project B, there are nine (9) activities as shown in Table 2 below. (duration in months):Table 2: Work Breakdown Schedule for Project BActivity(a)(b)ABсDEFGHIOptimistictime (t.)414478221Mostlikelytime (1m)6245109233Pessimistic Expectedtime (t₂)time (1₂)834616102711Standarddeviation(0₂)Variance(0₂)²Calculate the expected activity duration (te), standard deviation (σ₂) and variance (0)²for each activity.Assuming that the critical Path is B-E-F = 18 months(refer to Appendix A1 and A2 - Areas under the standard normal curve)i. What is the probability of completing the project in 19 months?(nearest estimated number)ii. What is the probability of completing the project in 17 months?(nearest estimated number)

A network diagram shows the link of each task with the duration taken by each activity with respect…

Answered: (a) Calculate the expected activity…

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...

See similar textbooks

Similar questions

QUESTION 1 The following information is available for a large fundraising project. Activity Activity Time (days) Activity Cost ($) Immediate Predecessor(s) A 3 100 -- B 4 150 -- C 2 125 A D 5 175 B E 3 150 B F 4 200 C, D G 6 75 C H 2 50 C, D, E I 1 100 E J 4 75 D, E K 3 150 F, G L 3 150 G, H, I M 2 100 I, J N 4 175 K, M O 1 200 H, M P 5 150 N, L, 0 Determine the critical path and the expected completion time of the project. Plot the total project cost, starting from Day1 to the expected completion date of the project, assuming the earliest start times for each activity. Compare the result to a similar plot for the latest start times. What implication does the time differential have for cash flows and project scheduling?
question 1 Avihe just got promoted as a Junior Manager. He has six (6) subordinates under his care. Recently, Avihe received a project from his Senior Manager, Brian, to run a charity programme. Task: By using the most basic principles in management, (e.g., the function of management, etc.), advise Avihe how he can run this charity programme efficiently and effectively. Briefly explain to Avihe the possible managerial roles that he needs to play in the project?
Question 42 Given the activities, time estimates and dependency relationships: Duration (days) Activity Predecessor Optimistic Most Likely Pessimistic A *** 3 5 13 B *** 4 7 10 C A 5 7 15 D B 8 9 22 What is the estimated slack time for activity A? Group of answer choices 0 4 6 1
Question 5transaction processing system is an ICT project being undertaken to enhance organizational performance. the following as a Project Manager:a) How would the project manager identify the project scope and organize your work breakdown structure? b) How would the project manager make use of the Gantt-Chart to facilitate your project delivery? c) How would the project manager make use of critical path analysis to identify the project critical activities
Question1: Discuss the critical importance of work schedule in project management.2. Discuss the contribution of cost estimation in the completion of successful project.3. A firm is planning a project which consists of the following ten jobs and precedence relations are identified with their node numbers: Jobs (i-j) 1-2 1-3 2-3 2-4 2-5 3-5 4-7 5-6 6-7 7-8 Durations (days) 9 5 12 7 8 11 10 3 4 6 Draw an arrow diagram representing the project.b. Determine the critical pathc. What is the duration of the project?
Question 2 Given the information of a project in the Table 2 below. Note that the project is completed when activity F and G are completed. Table 2 Activity Dependency Time (months) A - 4 B - 6 C A 2 D A 6 E C,B 3 F C,B 3 G D,E 5 1. Find the activity schedule for the project. Fill Earliest Start (ES), Earliest Finish (EF) and Latest Start (LS) and Latest Finish (LF) times in the empty boxes of the diagram below. 2. Find the critical path of the project. 3. Find out project time. 4. In many practical situations, activity times are not known exactly. Explain how you may deal with situations where activity times are…
QUESTION 1 Your organization has signed a new project contract to install 12 electric generators. The Budget of the project is $120,000 ($10K per electric generator). The duration of the project is 12 weeks (1 electric generator per week). First scenario: At week 2: •3 electric generators installed. •$28,000 spent to date. Second scenario: At week 6: •5 electric generators installed. •$57,500 spent to date. According to the above scenarios, how are you going to answer the following questions? 1.Are you ahead or behind schedule? 2.How efficiently are you using your project’s time? 3.When is this project likely to be completed? 4.Are you currently under or over budget? 5.How efficiently are you using your resources? 6.What is the remaining work likely to cost? 7.What is the entire project likely to cost? 8.How much will you be under or over budget at the end?
Question 39 Given the following activity network: (3 activities - A1, A2 & A3; arrows point from A1 to A2 and A1 to A3) 39-1.docx Actions Activity A1 takes 6 weeks, A2 takes 9 weeks, and A3 takes 3 weeks. What is the slack of A3? Group of answer choices 8 weeks 6 weeks 7 weeks 0 weeks
Question 01 Activity Preceding activity Activity duration A - 6 B - 3 C B 1 D A, C 2 E B 5 F D 2 G E, F 6 Draw an AOA diagram based on the activities and their relationships given in the table. Find the earliest start time (ES), earliest finish time (EF), latest start time (LS), latest finish time (LF), and Slack time for each activity of the project. Determine the slack time for each path. Find the critical activities and critical path. Determine the length of the project. NOTE: If you have restrictions in answering multiple sub-parts, please answer only 5,4,3, and exclude 1,2
SIMPLE PERT question Expected Time fot the critical path on a PERT network is 18.2 weeks, and the critical path variance is 4. 1. The project was supposed to be done in 16 weeks. How do I find probability that the project will be finished on or 16 weeks? 2. Suppose I can adjust the project to set a deadline so that 98% of the time, it would be on time. How do I find deadline required to reach that level? 3. Ignoring 1 and 2, use original numbers of 18.2 weeks expected time and Variance of 4.. The company will pay $100,000 fine if project is not done in 21 weeks. How much would the ocmpany be willing to pay (in terms of insurancE) given their chances of having to pay that $100,000 fine?
Question 3 Given the information of a project information is given in Table 2 and the project diagram showing precedence relationships of the activities. Table 2 Activity Dependency Time (weeks) A - 3 B - 3 C A 2 D A 8 E C,B 5 F C,B 5 G D,E 7 1. Find the activity schedule for the project. Fill Earliest Start (ES), Earliest Finish (EF) and Latest Start (LS) and Latest Finish (LF) times in the empty boxes of the diagram below. 2. How long the activity G can be delayed without delaying the project? 3. Can activity B be delayed without delaying the project? If so for how long?
QUESTION ONE (1) a. What is a project? b. How is a project different from what most people do in their day-to-day jobs? c. List at least TWO (2) name of the popular certifications provided by the Project Management Institute? d. Discuss the at least TWO (2) relationships between projects and programs.

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS