A project for improving a billing process has the following precedence relationships and activity times:Activity Activity Time (weeks) Immediate Predecessor(s)212ABCDEFGHC₁7121166997AB, CBDEF, G b. Calculate the slack for each activity. Which activities are on the critical path?ActivityTime (weeks)212ActivityABACDEF IG71211579On criticalpath?Slack(weeks)

Formulae used: Early Start = Maximum (or Highest) EF value from immediate Predecessor(s)Early…

Answered: A project for improving a billing…

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...

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In a network diagram, an activity:A) Is the largest unit of work effort consuming both time and resources that a project manager can schedule and control?B) Should always be something the company has had experience with. C) Is the smallest unit of work effort consuming both time and resources that a project manager can schedule and control?D) Must always have a single, precise estimate for the time duration.
In a traditional project, the project manager saves the project schedule as a baseline plan in project management software. During the course of the project, the variance reports are created to show the difference between planned and actual activities. Project monitoring and control is different in agile projects than traditional projects. In an agile project, different tools and techniques are used to monitor and control project schedules. How does it help a project manager to monitor cost and schedule in a traditional project? There are different techniques for monitoring schedule performance in a traditional project. One method is a schedule variance report. How is a schedule variance report different from schedule variance in earned value? Does the role of the project manager change when monitoring and controlling agile projects?
Suppose that a task in a project has the following time estimates: to=optimistic completion time=10 weeks tm=most likely completion time=17 weeks tp=pessimistic completion time=19 weeks Compute the expected task variance. The task expected task variance is _____ weeks. (Enter your response rounded to two decimal places.)
In reference to the attached image and data below: Step A we learned: Critical Path = A, B, H, I, J; Project Time = 40 Weeks; Total Cost = 364,000 Step B we learned: To crash the critical path I would crash A by 1 week, B by 2 week, H by 2 week and C by 3 week. This would not alter the critical path, only the time line. Steps C we learned: Modeling uncertainty in activity times. In this case I would use the activity times and determine the Variances and the Standard Deviation. Using “best case” (x) and “worst case” (y) scenarios for activity times the formula’s would be (x-y)/6 and (x-y)^2/36. What are the final recommendations for this case?
the budget of a project is $1 million. The actual cost for work performed is currently $700k. The budgetted cost for work performed is $660k. What is the current progress of the project? The budgeted cost for work scheduled is 700k. Is it on schedule?
....................................is a network diagramming technique used to predict total project duration. PERT A Gantt chart Critical path method None of the above
when discussing processes related to Project Execution, the ISO 10006 stabdard splits this category into different project groups. Which of the following is not one of these subcategories? a. Human resource-related processes b. Procurement processes c. Time related processes d. risk-related process
(1) Suppose a project manager is reviewing the project management plan, the work performance data, and the project schedule. She is getting ready to do next? Work the project plan. Plan the project schedule. Start Control Schedule. Create the WBS. (2) During the Control Schedule process, what is one of the most common outputs? Stakeholder meeting Team meeting Vacation request Change request
You are in charge of a project at the local community center. The center needs to remodel one ofthe rooms in time for the start of a new program. Delays in the project mean that the center mustrent other space at a nearby church at additional cost. Time and cost data for your project arecontained in below table. Your interest is in minimizing the cost of the project to the communitycenter.Using the normal times for each activity, what is the earliest date you can complete the project?Suppose the variable overhead costs are $50 per day for your project. Also, suppose that thecenter must pay $40 per day for a temporary room on day 15 or beyond. Find the minimum-costproject schedule using below format.The AON diagram for the community center project is below. Crash 4 times and find total cost.
According to the 66178 standard, it is vital that improvement projects a. incude external advisors in order to give the broadcast possible view of the project b. seek to introduce the timescales in order to optimize the time variable c. involve all members of the organization who have any links to the process
Coleman Rich Control Devices, Inc., produces custom-built relay devices for auto makers. The most recent project undertaken by Rich requires 14 different activities. Rich's managers would like to determine the total project completion time (in days) and those activities that lie along the critical path. The appropriate data are shown in the following table: Time (days) Immediate Time (days) Immediate Activity a m b Predecessor(s) Activity a m b Predecessor(s) A 4 7 8 — H 3 3 6 E, F B 1 2 3 — I 3 7 9 G, H C 7 7 7 A J 2 6 9 I D 6 9 13 A K 8 9…
A company is designing a new product. the activities and its predecessors as shown in table below. Task Predecessor Time (weeks) A -- 15 B A 12 C A 8 D B, C 9 E C 14 F D,E 7 Find the latest start time for activity D and earliest finish for activity E.

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A project for improving a billing process has the following precedence relationships and activity times: Activity Time (weeks) 2 Activity A B C₁ DEFGH 12 7 12 11 679 Immediate Predecessor(s) A B, C B D E F, G