Find the optimum duration and cost for the projects of a 11 activities, theindirect cost = 150 $ for each day ???NormalCrashedMinimumNormalCrashCrashChange inCost per Day(cost slope)CostDurationCostDurationRange5004750310043002200220026005760470068305200430031707200520043002802802100110016007670634502345Activity1-22-32-42-53-64-85-76-97-88-99-10Total cost

Project crashing is a process which helps to reduce the total duration of a project using additional…

Answered: Find the optimum duration and cost for…

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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c. Suppose that the indirect costs of the project amount to $200 per day. Find theoptimal number of days to perform the project by expediting one day at a time.What is the total project cost at the optimal solution? What savings have beenrealized by expediting the project?
#3) Consider the following project, all durations are in days. Construct a precedence diagram, find the critical path and which tasks have slack and how much each has. Which tasks would you recommend crashing to reduce the project duration by six days assuming that it costs the same to crash each task and no task by be crashed to more than half its original duration and tasks A and N cannot be crashed at all? Task Predecessors Most Likely Duration A - 8 B A 12 C A 6 D A 12 E B 10 F E 7 G C 18 H C 13 I G 10 J H 13 K D 10 L K 11 M L 7 N F, I, J, M 4 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Given the following table, construct a network diagram, either AOA or AON. Times are in days.a. Determine the expected duration of the project.b. Compute the probability that the project will take at least 18 days.Path Activity Time EstimatesA 4-5-6Top B 7-8-10C 3-5-9D 7-8-11Bottom E 2-3-4F 1-4-6
You are the project manager of the software installation project in Table. You would like to find the minimum- cost schedule for your project. There is a $1,000-per-week penalty for each week the project is delayed beyond week 25. In addition, your project team determined that indirect project costs are $2,500 per week. a. What would be your target completion week? b. How much would you save in total project costs with your schedule?
Your company has just received an order from a good customer for a specially designed electric motor. The contract states that, starting on the 13th day from now, your firm will experience a penalty of $100 per day until the job is completed. Indirect project costs amount to $200 per day. The data on direct costs and activity precedence relationships are given in Table. Electric Motor Project Data Activity Normal Time(days) Normal Cost ($) Crash Time (days) Crash Cost ($) ImmediatePredecessor(s) A B C D E F G H 4 7 5 6 3 11 4 3 1000 1400 2000 1200 900 2500 800 300 3 4 4 5 2 6 3 1 1300 1200 2700 1400 1100 3750 1450 500 None None None A B C D,E F,G a. Draw the project network diagram.b. What completion date would you recommend?
Dave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to determine ES, EF, LS, LF, and slack for each activity. The total project completion time and the critical path should also be determined. Here are the activity times: Activity Time (weeks) Immediate Predecessor(s) Activity Time (weeks) Immediate Predecessor(s)A 6 - E 5 BB 8 - F 6 BC 2 A G 9 C, ED 3 A H 7 D , F Dave's earilest start (ES) and earliest finish (EF) are: Activity ES EF A 0 6 B 0 ? C D E F G H
Using the information in Table-1, assuming that the project team will work a standard working week (5 working days in 1 week) and that all tasks will start as soon as possible: Task Description Duration (WorkingDays) Predecessor/s A Requirement Analysis 5 B Systems Design 15 A C Programming 25 B D telecoms 15 B E Hardware Installation 30 B F Integration 10 C, D G System Testing 10 E, F H Training/Support 5 G I Handover and Go-Live 5 H (i) Determine the critical path of the project (ii) Calculate the planned duration of the project in weeks (iii) Identify any non-critical tasks and the float (free slack) on each.
Suppose that the following estimates of activity times (in weeks) were provided for the network shown below: Activity Optimistic Most Probable Pessimistic A 4 6 7 B 2.5 4 5 C 5 6 7 D 4 5 9 E 6.5 7.5 9 F 2 3.5 5 G 8 9 11 H 5 6 10 What is the probability that the project will be completed. If required, round your answers to four decimal places. Within 20 weeks?---------- Within 21.5 weeks?---------- Within 23 weeks?----------
EX: 1.9 Given the estimated activity times below and the network refer to the table and network pics what is the probability that the project will be completed within (based on the path with the longest expected time): (a) 21 days? (b) 22 days? (c) 25 days?
1. Analyze the cost variance metric, and include the equation and what the acronyms stand for. 1. Describe one project software program that could help a project manager control costs.
Dave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to determine ES, EF, LS, LF, and slack for each activity. The total project completion time and the critical path should also be determined. Here are the activity times: Activity Time (weeks) Immediate Predecessor(s) Activity Time (weeks) Immediate Predecessor(s)A 7 - E 4 BB 8 - F 7 BC 4 A G 11 C, ED 1 A H 6 D , F Dave's earliest start (ES) and earliest finish (EF) are: Activity ES EF A 0 7 B 0 8 C 7 11 D 7 88 E 8 12 Part 7 F ? ? G ? ? H ? ?
Given the following project (all times are in days): please refer the pic All activities, except for activity b , may be partially crashed.(i.e. partial crashing for activity b only, is not allowed.) 2) If the project indirect cost is $89/day, what is the optimal completion time and the corresponding total cost?

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