ParagraphStylesEgProblem 2The table below contains data for the installation of new equipment in a manufacturing process fora steel corporation. Your company is responsible for the installation project. Indirect costs are$6,000 per week, and a penalty cost of $10,000 per week will be incurred by your company forevery week the project is delayed beyond week 15.ImmediateNormal TimeCrash TimeNormal CostCrash CostActivityPredecessor(s)(weeks)(weeks)($)7,0003,000($)ANone110,000None23,000A3112,00040,00012,00028,000EC118,0008,000FD, E55,00015,00039,00018,000F, G6.14,00032,000Construct a network diagram for the project.a.b. 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?с.d. What is the minimal total cost associated with completing the project in 16 weeks?e.What is the total time for the minimum-cost schedule? What is that minimum total cost?restigatea

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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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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).
What is 1 Project scope, 2 stakeholders, 3goals, budget, 4plan, 5deliverables 6duration. 7constraints, 8risks, 9 Gantt chart. for project Metro Transit App This app will help its users to buy their tickets online based on their destinations. It will help the users to organize their daily trips and which bus or train they should take, and day and time of each trip leg. The detailed requirements are not fully specified at this point of time.
What is the minimum cost of crashing the following project that James Walters manages at Athabasca University by 4 days Activity Normal Time (days) Crash Time (days) Normal Cost Crash Cost Immediate Predecessor(s) A 5 4 $800 $1,000 — B 8 6 $200 $600 — C 5 4 $600 $650 — D 7 4 $750 $1,500 A E 6 4 $1,200 $1,650 C A. By how many days should each activity be crashed to reduce the project completion time by 4 days? Fill in the table below. (Enter your responses as whole numbers.) Activity Each Activity Should be Reduced BY (days) A 1 B 0 C 1 D 3 E 2 B. The total cost of crashing the project by 4 days is _____ (Enter your response as a whole number.) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You…
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 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…
Can anyone solve this problem? 1.Draw a network to represent the sequence ofstages involved in the preparation of budgets.2. Can the whole process be completed withinthe required period of 17 weeks?3. If it is necessary to reduce the time taken tocomplete the budgeting process, which stagesshould be investigated and why?4. Explain the difference between total float, freefloat and independent float. Show that stage 1has a free float of 3 weeks, of which 2 weeksare independent float.
The project manager is tasked with the responsibility of balancing project constraints to increase the probability of project success, and ensure that the project meets its objectives. In this discussion forum: Identify and explain at least five (5) project constraints, and explain the working of the triple constraint model of project management.
Please do not give solution in image formate thanku. 11-24 Using PERT, Ed Rose was able to determine that the expected project completion time for the construction of a pleasure yacht is 21 months and the project variance is 4. What is the probability that the project will be completed in 17 months or less? What is the probability that the project will be completed in 20 months or less? What is the probability that the project will be completed in 23 months or less? What is the probability that the project will be completed in 25 months or less?
Bruno has a capital investment project that could start immediately. The project will require a machine costing $2.4 million. The total discounted value now of the cash inflows from the project will be either $2.6 million or $1.9 million with equal probability. The risk-free rate is 3%. Instead of starting immediately, the project could be delayed until one year from now to gain more market information. Its total discounted cash inflows at that time will be known as either $2.6 million or $1.9 million, with certainty. a) What is the present value of the option to delay? b) The supplier of the machine has offered to deliver it (if required) in one year's time at a price of only $2 million if Bruno pays a non-refundable deposit now. What is the maximum the firm should pay as a deposit now? What type of real option does this represent for Bruno? Identify the specific components of the option contract.
The Advanced Tech Company has a project to design an integrated information data base for a major bank. Data for the project are given in the following table. Indirect project costs amount to $250 per day. The company will incur a $200 per day penalty for each day the project lasts beyond day 12. Activity Normal Time (days) Normal Cost ($) Crash Time (days) Crash Cost ($) Immediate Predecessor(s) A 5 800 4 1,000 − B 5 1,100 2 2,900 − C 2 600 1 900 A, B D 3 1,200 2 2,000 B E 3 1,500 2 1,700 C, D F 2 1,300 1 1,400 E G 3 900 3 900 E H 5 500 2 800 G a. What is the project's duration if only normal times are used? The project duration is nothing day(s). (Enter your response as an integer.)…
a) Explain with examples the differences between the following pairs of terminologies in project risk management:i.Proximity and Dormancy of a Riskii.Stakeholder Risk Threshold and Toleranceiii. iv.Variability Risk and Ambiguity RiskQualitative Risk Analysis and Quantitative Risk Analysis Risk Review and Risk Audit.b) During the execution of a project, a risk is identified by a team member. This newly identified risk is currently not in the risk register. As a project manager, list and briefly explain the steps you will take to manage this risk.c) As a project manager, you will be required to implement risk response plans for your projects. List and explain any five (5) typical outputs of this process.
CVP Analysis Lawn Master Company, a manufacturer of riding lawn mowers, has a projectedincome for the coming year as follows:Sales $46,000,000Operating expenses:Variable expenses $32,200,000Fixed expenses 7,500,000Total expenses 39,700,000Operating profit $ 6,300,000Required1. Determine the breakeven point in sales dollars.2. Determine the required sales in dollars to earn a before-tax profit of $8,000,000.3. What is the breakeven point in sales dollars if the variable expenses increases by 12%?

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Construct a network diagram for the project. a. b. 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? c.