1 B.E8101.C15223.10 H1210M.7.7K5ai)Critically discuss why sometimes the use ofsustained overtime may not be a good way toaccelerate a belated project? Explain youranswer with a suitable example.aii)Based on the example used in Part (aii),explain why sometimes adding more humanresources to a belated project can cause furtherdelay? State also the conditions of introducingmore human resources to speed up theprogress.(please explain in at least 400 words in yourown words)

A project that is running behind schedule due to poor progress is said to be belated. There are many…

Answered: B А E8 C 15 G F 10 10 H 10 K 5 N 22 L…

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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No need generalized answer ok need Correct Solution. PM.348.WC1 Project Risk Management Pls. answer this ;( INSTRUCTIONS Create a “starter” risk register using EXCEL for the two projects (A and BB described below. Include at least 6 risks for project A and at least 8 risks for project B. Project A Description Building a garden shed. This includes the design of the shed, sourcing all the materials required for construction, and putting all of the various pieces together to get the finished shed. Outcome A finished garden shed. Proposed Tasks There are going to be certain tasks that depend on others. You’re going to need to: • Get a set of blueprints for the shed and clear and prepare the area for construction • Source all of the materials for the construction • Prepare the foundation and start constructing the beams of the floor • Lay the floorboards • Construct the frames of the walls and raise and fit each of them • Frame the roof and attach the roofing • Fit in all the siding for…
Some new product launches fail and this leaves a negative impact on the profitability of the company. Using a particular product as an example, discuss1. Some of the key determinates and conditions that need to be met to launch that product successfully on the market; 2. What may go wrong with the launch of that product and why? 3. What steps should the company launching the product take in order to mitigate product launch failure or to address the situation in the event of a failure of the launch of that product
What happens as you increase the number of people working on a project from three to six?a. The project will get done twice as quickly.b. The communication requirements for the project double.c. The project might or might not be accelerated.d. The communication requirements for the project increase by far more than 2x.e. The project will get done twice as quickly and the communication requirements for theproject double.f. The project might or might not be accelerated and the communication requirementsfor the project increase by far more than 2x.
A recent report, dated February 3, 2020, on executive awareness of and involvement in corporate pandemic preparedness by Michael Evangelides, Principal at Deloitte Consulting LLP, states that, there is a need for more staff training on COVID 19 to improve health and safety in the workplace, reduction of workplace absences. Most top executives and boards of directors are not engaged in the pandemic planning process and won't give it equal billing to other potential disruptions until at least one of the following occurs: Media attention to pandemic influenza increases. Legislation or Regulation are passed, requiring enactment Shareholders and investors demand a high level of preparedness. The financial impact of a pandemic on the corporation becomes evident. A new collective bargaining agreement for Haze Trelawny LLP, a steel manufacturing company, is quickly approaching. The entity just penned a huge contract and would require all hands on deck in order to meet the stringent…
A. Write a document with the following information: 1. What do you expect your job to pay when you start? 2. What benefits are musts for you? 3. What benefits would you like to have even though they are not musts? 4. Include the graph you generate in step B below. B. Create a spreadsheet and a graph of life vs funds For each year of your remaining life specify the amount you plan to save/invest/withdraw that year and how much you expect that amount to increase during the year (base on actual data – typical savings interest rate, typical stock market interest rate, typical CDs, typical…). Calculate how much your funds will increase/decrease over your life and create a life (x-axis) vs funds (y-axis) plot.
Your team has a plan to build 100 gadgets in 10 weeks. The plan is to make 10 gadgets per week (10 gadgets per week x 10 weeks = 100 gadgets). The plan states that: During the first 4 weeks, it should cost $1,000 each week to make 10 gadgets per week. The next 6 weeks it should cost $500 each week to make 10 gadgets per week because of the efficiency gains. At the end of the 8th week (i.e. finished the 8th week and getting ready to start the 9th week), the team has made 60 gadgets and has spent $7500. At the end of week 8, what are PV (Planned Value), RP (Rate of Performance), AC (Actual Cost), EV (Earned Value), CV (Cost Variance), SV (Schedule Variance), CPI (Cost Performance Index), Schedule Performance Index (SPI), EAC (Estimate At Completion), and ETC (Estimate Time to Complete)? (Please Show work for each) Provide your answer for Question in this area and expand it out as necessary. PV = RP = AC = EV = CV = SV = CPI = SPI = EAC = ETC =
All of the following statements about contingency and management reserves are true EXCEPT:multiple choice Contingency reserves are established to cover identified risks. Contingency and management reserves are dependent on each other. The management reserve applies to the total project. The management reserve covers unforeseen risks. If a risk does not materialize, funds pertaining to that risk are removed from the contingency reserve.
A goldsmith makes two types of jewelry. A model A ring is made with 1 g of gold and 1.5 g of silver and sells for 25 UM.Another model B ring sells for 30 UM and is made of 1.5 g of gold and 1 g of silver. If you only have 750 gof each metal, how many rings should be made of each type to obtain maximum profit?Requested:- Make Initial Table of the problem.- Obtain the Case Variables- Obtain the Objective Function- Get Restrictions- Create the Simplex Table- Obtain the Optimal Solution and the Slack Variables.Solve this operational research exercise.
In the opening of this week's chapter, the author references a study reported in the Harvard Business Review which exposed the prominence of cost overruns in IT projects. Research an IT project that went over the estimated budget. In your post, report why the project incurred an overrun and what could have been done differently to avoid this overrun. At minimum, your post should be 150 words.
The sensitivity of two parameters (P and n) for one project is evaluated by graphing the AW values versus percentage variation from the most likelyestimates. The curve for n has a slope very close to zero, while the P curve has a significant negative slope. One good conclusion from the graph is that:a. both PW and AW values are more sensitive to variations in P than n.b. the project should be rejected, since AW values vary with P and n.c. a better estimate of P needs to be made.d. the ROR is equally sensitive for both parameters.
Constraints in project management are some important factors that everyone must work within to achieve the project goals and unfortunately, these are unavoidable. As a Project Manager, being aware of the limitations is essential in directing project path and ultimately reaching success. That is why, by knowing project constraints is such an important task to be performed at the planning stage. There are 6 Project Constraints that we need to know. Explain the following constraints in your own words and make sure to identify 2 applications / connections / linkages of such constraint with your WBS. Write your answer on the space provided below.
A project that you are managing is into six months of its accomplishment andthe planned duration is also six months. You are now reviewing the projectstatus. The actual cost of Activity A and B are RM 200,000 and RM 100,000respectively. The planned value for Activity A and B are RM 180,000 and RM80,000 respectively. The Activity A is 100% complete whereas Activity B isonly 75% complete. (a) Formulate the problem to determine whether the project is on-time and on-budget after six months using the Earned Value Analysis (EVA) method. (b) Generate the expected “cost at complete” and “time at complete” to finishthe project at this pace. (c) Present two initiatives to be undertaken by the project manager to improvethe situation based on Q4(b).

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