Given the table below, find the optimal cost (in thousands) of the completing Phase just 18 weeks.
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- Consider the following activity description with associated cost data shown in Table 1. The cost data represents the total cost and should be considered linear with time. Table 1: Crash Cost Table Activity Immediate Predecessor Normal Duration (days) Normal Cost ($) Crash Duration (days) Crash Cost ($) A --- 5 50 3 150 B --- 4 40 2 200 C B 7 70 5 250 D A, C 2 20 1 50 E A, C 5 125 1 525 F B 10 80 7 290 G D 7 50 3 250 H E, F 6 60 3 180 Reduce the project duration to minimum duration and calculate the cost. 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.Exercise regular time acceleration time Normal Cost acceleration cost Precedents A 4 3 900 1000 --- B. 8 6 300 400 --- C 4 3 500 650 --- D 6 4 900 1200 A AND 7 4 1000 1600 C a. The duration of the project in normal time and without acceleration is Response days . b. The minimum cost to accelerate the project in 2 days is Response .Using the information provided in the table, the network diagram and the project completion time = 25 weeks, reduce the completion time of the project by 3 weeks in the most economical way. Activity NormalTime(weeks) NormalCost ($) CrashTime(weeks) CrashCost ($) MaximumweeksReduced CrashCost perWeek ($) A 3 500 2 900 1 400 B 4 600 3 700 1 100 C 6 800 3 1,286 3 162.00 D 6 1,500 4 2,150 2 325 E 6 1,750 4 2,250 2 250 F 5 1,200 5 1,200 0 0 G 7 1,500 5 1,794 2 147 H 3 500 3 500 0 0 Reduce G by select a number of (1-4) week(s), C by select a number (1-4) of week(s), at a cost of $ __________ enter a dollar amount .
- The information in the table below is available for a large fund-raising project. Activity Activity Times (days) Activity Cost ($) Immediate Predecessor A 3 100 None B 4 150 None C 2 125 A D 5 175 B E 2 150 B F 4 200 C, D G 6 75 C H 2 50 C, D, E I 1 100 E J 4 75 D, E K 5 350 F, G L 3 150 G, H, I M 4 400 I, J N 4 175 K, M O 1 200 H, M P 5 150 N, L, O Draw the precedence network diagram. Perform the CPM (Critical Path Method) and give the complete activity schedule table, the project completion time, and the critical path. Plot on the same graph the total project costs per day, starting from day one to the completion date, assuming the earliest start times and then assuming the latest start times. What implications does the time differential have for cash flows and project scheduling? Show step by step solutionHi, I need help answering the last question. Rob Smith is managing a small project at Boston University. He is under pressure to shorten the overall duration of the project by 4 weeks and he wants to do so at the lowest cost possible. In order to meet this objective a number of activities must be crashed. Activity Normal Time (weeks) Crashed Time (weeks) Normal Cost Crashed Cost Predecessor(s) A 5 3 $800 $1,200 - B 6 5 $300 $450 - C 6 5 $550 $775 - D 3 2 $750 $950 A E 6 3 $1,350 $2,250 C F 5 3 $675 $875 B What is the total cost of crashing the project 4 weeks (just the additional cost, not total project cost)? (Display your answer to two decimal places.)PROJECT A Project A is a planning, design and implementation infrastructure development project (about GHS 15 million in value and expected to take about three years from the start of planning to completion), which is well advanced in its planning component. While the project is progressing well in terms of time, cost and quality, there are a number of sustainability and stakeholder management issues with it. This project is being undertaken in an environmentally sensitive area in which leave several property owners who are quite concerned with the impact of the project on their environment. They are concerned that a thorough environmental risk assessment has not been undertaken with respect to the long-term impact on the sensitive bushland area in which they live. They are also concerned that completion of the project, through providing the basis for significant property development and destruction of bushland, will forever change the social fabric of their region. They have formed a…
- PROJECT A Project A is a planning, design and implementation infrastructure development project (about GHS 15 million in value and expected to take about three years from the start of planning to completion), which is well advanced in its planning component. While the project is progressing well in terms of time, cost and quality, there are a number of sustainability and stakeholder management issues with it. This project is being undertaken in an environmentally sensitive area in which leave several property owners who are quite concerned with the impact of the project on their environment. They are concerned that a thorough environmental risk assessment has not been undertaken with respect to the long-term impact on the sensitive bushland area in which they live. They are also concerned that completion of the project, through providing the basis for significant property development and destruction of bushland, will forever change the social fabric of their region. They have formed a…Rich Cole Control Devices, Inc., producescustom-built relay devices for auto makers. The most recentproject undertaken by Cole requires 14 different activities.Cole’s managers would like to determine the total projectcompletion time (in days) and those activities that lie alongthe critical path. The appropriate data are shown in the fol-lowing table.a) What is the probability of being done in 53 days?b) What date results in a 99% probability of completion?A student has been put in charge of a new garden design. The new design will involve five different activities. Per project management guideline, activities “a” and “b” start on day 0. Draw the network diagram. Calculate ES/EF/LS/LF and Slack for all activities. Activity A: Immediate Predecessprs (-) Duration days (3) Activity B: Immediate Predecessprs (-) Duration days(5) Activity C: Immediate Predecessprs (a) Duration days(3) Activity D: Immediate Predecessprs (b) Duration days(7) Activity E: Immediate Predecessprs (C,D) Duration days(3)
- Development of Version 2.0 of a particular accounting software product is being considered by Jose Noguera's technology firm in Baton Rouge. The activities necessary for the completion of this project are listed in the following table: Activity Normal Time (weeks) Crash Time (weeks) Normal Cost Total Cost with Crashing Immediate Predecessors(s) A 4 3 $2,200 $2,850 --- B 2 1 $2,100 $2,700 --- C 3 3 $750 $750 --- D 8 4 $2,500 $2,800 A E 6 3 $800 $1,250 B F 3 2 $3,200 $4,400 C G 4 2 $1,400 $1,800 D, E a) Based on the given information regarding the activities for the project, the project length = _______ weeks ? b) The total cost required for completing this project on normal time = _______ ? c) If you wish to reduce the time required to complete this project by 1 week, which activity should be crashed, and how much will this increase the total cost? The critical path with the longest length through the project is _______ ? Note:- Do not provide…A project consists of five activities Optimistic Most Probable Pessimistic Activity Predecessor Time (hr) Time (hr) Time (hr) Floor sanding - 3 4 5 Floor buffing FL sanding 1 2 3 Paint Ceiling Paint mixing - 0.5 1 1.5 Paint Wall Paint Mix 1 2 9 Paint Ceiling Paint Mix 1 5.5 7 What is the Std Deviation of the Critical Path?Dave is the project manager for a construction project that is building agazebo. When the project first started, he met with the stakeholders to definethe scope. The sponsors mentioned that the gazebo is a really important partof their daughter’s wedding ceremony that was planned for 7 months fromthen. In fact, they said that if the gazebo couldn’t be completed in 7 months, itwouldn’t be worth it for them to even start the project. Dave wrote down the7-month deadline to put in his Project Scope Statement. In which section ofthe document did the deadline appear?”A. Project ConstraintsB. Project DeliverablesC. Project ObjectivesD. Project Assumptions Which of the following is a “hygiene factor” under Herzberg’s Motivation-Hygiene Theory?A. Recognition for excellent workB. Self-actualizationC. Clean clothingD. Good relations with coworkers and managers
