A new motorway project is being planned in Ireland, with its construction expected to cost €1billion. The 100km route will connect Ireland's second largest city, Cork, with the city ofLimerick. The intended alignment for the motorway runs alongside the existing N20, whichruns through Blarney, Mallow and Charleville. The new motorway forms part of the ProjectIreland 2040 programme of infrastructure works.The first step in the project is to appoint a project manager and develop a project team. Oncethe team is selected and the staff is in place, the next task is to select a primary contractor tomanage and oversee the construction. The following activities, their immediate predecessors,as well as the activity time estimates (in days) are standard for the planning and scheduling ofthis project:Activity Immediate predecessor Optimistic Most probable PessimisticA356B246A, BA, B567D7910EB246F123GD58.10HD, F6.8.10IE, G, H345a) What is the expected time to complete the project?

The expected activity time is the time taken by the particular activity to complete the project…

Answered: a) What is the expected time to…

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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Takealot to open massive new distribution centre in Cape Town in 2022 Takealot Property developer Atterbury says that construction is underway on a new distribution centre (DC)for online retailer Takealot in Cape Town, expected to launch in August 2022.The 24,000 sqm facility consists of 22,000 sqm of warehouse space and 2,000 sqm offices, designedto provide Takealot with expansion options to add an additional 50,000 sqm of warehousing to theinitial phase.“The new Takealot DC is designed for sustainability and will feature a dedicated solar PV installation,energy-efficient lighting systems, a rainwater harvesting system and water-saving xeriscapelandscaping. The cross-dock facility will provide clear racking height of up to 18 metres andspecialised floors,” Atterbury said.The developer said that a 6,700 sqm Takealot Customer Collection Centre – which includesexpansion opportunities with the potential to grow to 17,000 sqm – is also under construction atRichmond Park. “The Customer…
Japan has approved a plan to release more than one million tonnes of contaminated water from the destroyed Fukushima nuclear plant into the sea. The water will be treated and diluted so radiation levels are below those set for drinking water. But the local fishing industry has strongly opposed the move, as have China and South Korea. Tokyo says work to release water used to cool nuclear fuel will begin in about two years. The final approval comes after years of debate and is expected to take decades to complete. Reactor buildings at the Fukushima power plant were damaged by hydrogen explosions caused by an earthquake and tsunami in 2011. The tsunami knocked out cooling systems to the reactors, three of which melted down. More than a million tonnes of water have been used to cool the melted reactors. Environmental groups like Greenpeace have long expressed their opposition to releasing the water into the ocean. The NGO said Japan's plans to release the water showed the government…
Japan has approved a plan to release more than one million tonnes of contaminated water from the destroyed Fukushima nuclear plant into the sea. The water will be treated and diluted so radiation levels are below those set for drinking water. But the local fishing industry has strongly opposed the move, as have China and South Korea. Tokyo says work to release water used to cool nuclear fuel will begin in about two years. The final approval comes after years of debate and is expected to take decades to complete. Reactor buildings at the Fukushima power plant were damaged by hydrogen explosions caused by an earthquake and tsunami in 2011. The tsunami knocked out cooling systems to the reactors, three of which melted down. More than a million tonnes of water have been used to cool the melted reactors. Environmental groups like Greenpeace have long expressed their opposition to releasing the water into the ocean. The NGO said Japan's plans to release the water showed the government…
Rare Agri-Products Ltd. is considering a new project with a projected life of seven (7) years. The project falls under the government’s subsidy program for encouraging local agricultural products and is eligible for a one-time rebate of 25% on any initial equipment installed for the project. The initial equipment (IE) will cost $41,000,000. An additional equipment (AE) costing $3,500,000 will be needed at the end of year 3. At the end of seven (7) years, the original equipment, IE, will have no resale value but the supplementary equipment, AE, can be sold for $50,000. A working capital of $1,350,000 will be needed. The project is forecast to generate sales of agri-products over the seven years as follows: Year 1 70,000 units Year 2 100,000 units Years 3-5 250,000 units Years 6-7 325,000 units A sale price of $150 per unit for the first two years is expected and then decline to $90 per unit thereafter as the newness of the product loses some sheen. The variable expenses will amount to…
A competitor of Kozar International Inc. has begun marketing a new, instant-developing film project. Kozar has had a similar product under study in its research and development (R&D) department but has not yet been able to begin production. Because of the competitor’s action, top managers have asked for a speedup of R&D activities so that Kozar can produce and market instant film at the earliest possible date. The predecessor information and activity time estimates in months are as follows: A: Draw the Project Network B: Develop an activity schedule for this project using early and late start and finish times, compute activity slack time, and define the critical activities.
A competitor of Kozar International Inc. has begun marketing a new, instant-developing film project. Kozar has had a similar product under study in its research and development (R&D) department but has not yet been able to begin production. Because of the competitor’s action, top managers have asked for a speedup of R&D activities so that Kozar can produce and market instant film at the earliest possible date. The predecessor information and activity time estimates in months are as follows: Draw the Project Network
A competitor of Kozar International Inc. has begun marketing a new, instant-developing film project. Kozar has had a similar product under study in its research and development (R&D) department but has not yet been able to begin production. Because of the competitor’s action, top managers have asked for a speedup of R&D activities so that Kozar can produce and market instant film at the earliest possible date. The predecessor information and activity time estimates in months are as follows: Develop an activity schedule for this project using early and late start and finish times, compute activity slack time and define the critical activities.
You are the Project Analyst for Nairobi Project Advisors who have been asked by a client to advise on which of the following two projects should be accepted. Each project costs US$ 10,000 and each entails a 12% cost of capital: Year Expected Net Cash flows Project X Project Y 0 ($ 10,000) ($ 10,000) 1 6,500 3,500 2 3,000 3,500 3 3,000 3,500 4 1,000 3,500 a) Advise on which project should be undertaken using the Pay Back Period (PBP), Net Present Value (NPV), Internal Rate of Return (IRR), and Modified Internal Rate of Return (MIRR) assuming: i. The projects are independent ii. The projects are mutually exclusive
There are four critical paths in a network. A-B-C-D-E, A-F-E, A-B-H-J-K-E and A-S-T-E. Each activity in this network can be crashed by a maximum of 4 weeks. The crashing cost (per week), for the first week, for activity A is: $560, E is $565 and all other activities is : $140 (per week per activity). The crashing cost, second week and onwards, for activity A is $1120 per week, E is $1400 per week and for all other activities is $420 per activity per week. You have a maximum crashing budget of $2385. The maximum possible reduction in the project duration will be: a. 5 weeks b. 3 weeks c. 4 weeks d. 2 weeks e. 1 week
A new convention center and sports complex has been proposed to the Gotham City Council. This public-sector project, if approved, will be financed through the issue of municipal bonds. The facility will be located in the City Park near downtown Gotham City, in a wooded area, which includes a bike path, a nature trail, and a pond. Because the city already owns the park, no purchase of land is necessary. List separately the project’s benefits, costs, and any disbenefits.
World Vision International-Ghana has secured a 50 million Ghana Cedis from the Mastercard Foundation for a 3-year youth employment project. The project seeks to develop the capacity of Ghanaian Youth aged (15-24) years in entrepreneurial skills to enable them access capital and set up their own businesses. The youth entrepreneurial development and employment initiative covers various sectors like construction, agriculture, agro-processing, manufacturing, services among others. The first phase of the project which is the pilot is expected to cover some selected Ghanaian youth in Accra, Kumasi, Koforidua, Ho, Takoradi, Sunyani, and Tamale. Prior to approval of the project, Care International Ghana Project Management Unit devoted sometime to conduct a literature review in order to understand the current economic wellbeing of Ghanaian youth in terms employment and income levels among others. These were followed by needs assessment studies on current employment need of the Ghanaian youth.…
The Morant Bay Urban Centre in St. Thomas is a major land development project spearheaded by the Ministry of Economic Growth and Job Creation, through the Factories Corporation of Jamaica (FCJ). The first of its kind to be built in Jamaica, the project so far has been plagued by long delays in its roll out, mostly due to the COVID – 19 outbreaks. The project’s location is former Good Year property and adjacent lands and slated to cost about $6 billion. This centre will serve Morant Bay's commercial, industrial and economic needs. Under the contract with China Harbour Engineering Company Limited (CHEC), 80 per cent of the labour force must be Jamaicans and reside in the area. Project managers assigned to this project are expected to manage the effective and efficient delivery of this venture. Key areas of focus will be planning, executing and monitoring. Develop a conceptual project budget for a section or phase of the project and explain how the project cost can be monitored and…

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