Given the data table below develop the precedence network and perform the CPM calculations. Then, using the proposed crashing strategy calculatethe normal, least-cost, and crash duration for the project below. Calculate the cost associated with each duration. Indirect cost (overhead) is $120 perday.Activity IPAABEFGH|JAA,BBC,DFE,GH,IDurationCost $Normal Crash Normal Crash54247468A33453432$770 $900$660$700$800$1,070$1,000$1,110$800$920$560 $630$700$810$1,000 $1,260$500$580$400 $600 Proposed crashing strategy:Act DurationCost $ ANorm Crash Norm Crash Cost DaysA 54770 900 130 1B32660 700 40 1с74800 1,070 270 3D41,000 1,110 11016800920 120 2560 630 70 1700 810 110 21,000 1,260 260 4500580 80 1400 600 200 1EFGH6J58I 43LOA A costA days453432130409011060705565 480200Days shortened1311

Find the Given details below: Activity Predecessor Normal Time (NT) (Days) Normal cost (NC) Crash…

Answered: Given the data table below develop the…

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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Use the following project status information to calculate each of the requested EVM numbers below (a-i).The project status is reported at the end of week 13. Task Budget Cost Budget Duration Status as of Week 13 A $5,000 2 Weeks 100 percent complete $5,000B $8,500 3 Weeks 100 percent complete $9,000C $15,000 4 Weeks 75 percent complete $14,000D $10,000 4 Weeks 50 percent complete $9,000 E $12,000 4 Weeks Not startedF $15,000 5 Weeks Not started a. Planned Valuedb. Actual costc. Cost varianced. Schedule variancee. Cost performance indexf. Schedule performance indexg. Budget at completionh. Estimation to completei. Estimation at completion
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
The VOXN Cinema is installing a new system to enhance the quality of movies shown. Assume that the following table provides information on the immediate predecessor relation and time estimated for each event. a.List the possible eight events which you think essential in expanding a Cinema.b. Draw a network diagramc.find the total time required to complete the project d. List the critical events of the project. Activity immediate predecessor Time (weeks) A - 3 B - 4 C A 6 D B 2 E A 5 F C 2 G D , E 4 H F , G 5
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?
please help, project management. I need part D,Eand 2 1) Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV=$22,000 EV=$20,000 AC=$25,000 BAC=$120,000 a) What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? Show your calculations. b) How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Explain. c) Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned? Explain. d) Use the SPI to estimate how long it will take to finish this project. e) Sketch the earned value chart for this project. 2) Write a one-page summary explaining how is project cost management different when using an Agile approach? Make sure to document any cited…
The project described in the following table is scheduled to be completed in 11 weeks. Constructa network diagram using AOA or AON (see Example 5 for either type). Then answer the following questions:a. If you were the manager of this project, would you be concerned? Explain.b. If there is a penalty of $5,000 a week for each week the project is late, what is the probabilityof incurring a penalty of at least $5,000?Path ActivityEstimated Time(weeks)StandardDeviation (wks.)A C 4 0.70D 6 0.90B E 3 0.62F 9 1.90
please help, project management 1) Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV=$22,000 EV=$20,000 AC=$25,000 BAC=$120,000 a) What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? Show your calculations. b) How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Explain. c) Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned? Explain. d) Use the SPI to estimate how long it will take to finish this project. e) Sketch the earned value chart for this project. 2) Write a one-page summary explaining how is project cost management different when using an Agile approach?
please help, project management 1) Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV=$22,000 EV=$20,000 AC=$25,000 BAC=$120,000 a) What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? Show your calculations. b) How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Explain. c) Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned? Explain. d) Use the SPI to estimate how long it will take to finish this project. e) Sketch the earned value chart for this project. 2) Write a one-page summary explaining how is project cost management different when using an Agile approach? Make sure to document any cited references.
Your hospital has applied for certification as a level 1 stroke center. It is critical that the following project is completed in 18 weeks, before the next Joint Commission survey. Project activity times are listed in the table attached as an image. Determine the minimum cost-schedule for this project to be completed in 18 weeks. Assume a linear relationship between crash cost and crash time. For example, crash cost per week for activity A can be calculated as: ($650 - $200)/(4-2) = $225. 2. What is the difference in total project costs between the earliest completion time of the project using normal times and the minimum cost-schedule you found in part 1?
In 2017, Aurecon was appointed by the City of Ekurhuleni to design and construct rail lineunderpasses that are attractive, safe and user-friendly for pedestrians and cyclists, together withthe associated safety infrastructure. The project was completed in February 2019 at a cost of R50 million with over 5,000 resourcesinvolved over the 2-year project.Q.1.1 Based on the above project information, discuss any Five (5) project constraints. Q.1.2 Projects are different from operations, state any Five (5) project attributes.
Based on the case below, answer the following questions:The duration for the project is two year. Recall that PV is the planned value, EV is theearned value, AC is the actual cost, and BAC is the budget at completion.PV = 38,000EV = 40,000AC = 36,000BAC = 220,000(a) What is the Cost Variance (CV), Schedule Variance (SV), Cost Performance Index(CPI), and Schedule Performance Index (SPI) for the project?
Jabez Contractors installs network routers. Using the CPM method and in reference to the table provided comment on the expected completion time of the projectand identify the activities that neeD to be prioritised by the project manager. (Nodiagram is required) TABLE- PROJECT INSTALLATION Activity Predecessor optimistic Most Likely Pessismistic Estimated time A - 4 7 10 7 B - 2 9 10 8 C A,B 2 5 8 5 D C 16 19 28 20 E C 6 9 24 11 F E 1 7 13 7 G C 4 10 28 12 H D,F 2 5 14 6 I G 5 8 17 9 J H,I 2 5 8 5

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