respectively. Calculate the variance of the activity with expected activity time.
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- In a company a production activity has been setup, and the management want to know the expected activity time of it where a , b and m are 2 , 7 and 3 month's respectively. Calculate the variance of the activity with expected activity time.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 managersYou are the project manager of the software installationproject in Table 7.12. You would like to find the minimum-costschedule for your project. There is a $1,000-per-week penaltyfor each week the project is delayed beyond week 25. In addi-tion, your project team determined that indirect project costsare $2,500 per week.a. What would be your target completion week?b. How much would you save in total project costs with yourschedule?
- Th e dean of the business school wants to start off eringthis program starting 32 weeks from now. Using the informationprovided in Problem 15,(a) Calculate the probability of the program starting ontime.(b) If the dean needs a 95 percent probability of being doneon time, how long can the expected project duration be?PERT/CPM HOMEWORK (MOD 10) In the table below, you will see activities and times associated with each activity. Review the PowerPoint slides in Module 10 , before you start this assignment. Task Preceding Tasks to (optimistic) tm (most likely) tp (pessimistic) A NONE 2 3 10 B NONE 2 3 4 C A 1 2 3 D A 4 6 14 E B 4 5 12 F C 3 4 5 G D,E 1 1 7 1.) Draw the network using the table above. Make sure all 4 values (ES, EF, LS, LF) are listed on the network. 2.) What is the slack for each activity? What is the critical path? Show ALL of your work! 3.) Find the expected project completion time. What is the project variance? 4.) What is the probability that it would be in more than 14 days? Show ALL of your work. *The circle diagram picture is just an example of how it should look it is not apart of the problem in the chartA company manufacturing television sets wants to establish an assembly ine in produce a new product. The activities, activity times and the precedence relationships are shown in the tabie below. The goal of the company is to produce 60 unils in a 10 -hour shit: Activity {:[" Operating "],[" Time "(" min) "]:} Predecessor A 3 B 5 - C 3 A D 2 A E 6 B F 2 D,E G 4 C, D H 3 D,F,G I 2 H J 1 I [Tuen onest: 2.1.1 Draw the precedence diagram for this assembly line. (4) 2.1.2 Caiculate the cycle time for this assembly ine. (2) 2.1.3 Calculate the theoretical minimum number of workstations required for this
- 2. Joe and Noël have just gotten engaged. As they are both business students, they thought they'd try to plan their wedding preparation as a project. Here's the WBS they've determined is necessary for a simple but elegant wedding. Assume all durations are deterministic. Although perhaps not realistic to real wedding planning, by using the standard calendar in Project Libre (use default working days in software). Task ID Task Name Duration Predecessor 1 Begin Wedding Planning (milestone) 0 days --- 2 Select Site&Date 3 wks 1 3 Hire Officiant 1 wk 2 4 Hire Caterers 2 wks 1 5 Pick Menu 4 days 4 6 Order Invitations 2 wks 2,5 7 Sent Invitations to Guests 1 wk 6 8 Collect RSVPs 6 wks 7 9 Tell Caterer headcount & Order food 1 wk 8 10 Shop for Wedding Gown 4 wks 1 11 Select Bridesmaids Dresses 4 wks 10 12 Bride goes on Diet 6 wks 10 13 Get Wedding Gown altered 2 wks 12 14 Get Bridemaids' Dresses altered 4 wks 11 15 Order Flowers 2 wks 11 16…Sandals Resorts International is planning to build a new family resort in Kingston, Jamaica. Thefollowing schedule of activities is required for the completion of this resort.ACTIVITY PREDECESSOR OPTIMISTIC MOST LIKELY PESSIMISTIC A ---- 3 4 5 B A 2 3 4 C A 4 5 6 D B 4 4 4 E B 2 5 6 F C, D, E 2 4 5 G…10.6 This optional problem requires knowledge of statistics. Heywood Home Healthcare is evaluating a project with the following net cash flows and probabilities: Time 0 Year 1 Year 2 Year 2 Year 3 Year 4 Prob = 0.2 ($100,000) 20,000 20,000 20,000 20,000 30,000 Prob = 0.6 ($100,000) 30,000 30,000 30,000 30,000 40,000 Prob = 0.2 ($100,000) 40,000 40,000 40,000 40,000 50,000 The year 5 values include salvage value. Heywood’s corporate cost of capital is 10 percent. What is the project’s expected NPV on the basis of the scenario analysis? What is the project’s standard deviation of NPV? Assume that Heywood’s managers judge the project to have lower-than-average risk. Furthermore, the company’s policy is to adjust the corporate cost of capital up or down by 3 percentage points to account for differential risk. Is the project financially attractive?
- The manager of the Oak Hills Swimming Club is planning the club’s swimming team program. The first team practice is scheduled for May 1. The activities, their immediate predecessors, and the activity time estimates (in weeks) are as follows: Time (in weeks) Activity Description Immediate Predecessor Optimistic Most Probable Pessimistic A Meet with board ------ 1 1 2 B Hire coaches A 4 6 8 C Reserve pool A 2 4 6 D Announce Program B, C 1 2 3 E Meet with Coaches B 2 3 4 F Order Team Suits A 1 2 3 G Register Swimmers D 1 2 3 H Collect Fees G 1 2 3 I Plan first practice E, H, F 1 1 1 a) What is the critical path? b) What is the project expected time? c) What is the probability of completing in 13…The manager of the Oak Hills Swimming Club is planning the club’s swimming team program. The first team practice is scheduled for May 1. The activities, their immediate predecessors, and the activity time estimates (in weeks) are as follows: Time (in weeks) Activity Description Immediate Predecessor Optimistic Most Probable Pessimistic A Meet with board ------ 1 1 2 B Hire coaches A 4 6 8 C Reserve pool A 2 4 6 D Announce Program B, C 1 2 3 E Meet with Coaches B 2 3 4 F Order Team Suits A 1 2 3 G Register Swimmers D 1 2 3 H Collect Fees G 1 2 3 I Plan first practice E, H, F 1 1 1 b) What is the project expected time? c) What is the probability of completing in 13 weeks? d) What is the…The table below contains information about an environmental clean-up project in the township of Hiles. Shorten the project threethree weeks by finding the minimum-cost schedule. Assume that project indirect costs and penalty costs are negligible. Identify activities to crash while minimizing the additional crash costs. Activity Normal Time (weekweeks) Crash Time (weekweeks) Cost to Crash ($ per weekweek) Immediate Predecessor(s) A 55 44 300300 None B 77 44 5050 None C 77 66 300300 A D 77 66 250250 A E 11 11 long dash— B F 33 33 long dash— C, D G 55 44 200200 D, E H 44 22 200200 F I 22 22 long dash— G Part 2 Fill in the table below with the activity times after crashing to show the resulting schedule. (Enter your responses as…