Q You have been asked to select between three projects. Project A has a net present value of $54,750 and will take six months to complete. Project B has a net present value of $85,100 and will take two years to complete. Project C has a net present value of $15,000 and a benefit-cost ratio of 5:2. Which project should you choose? A. Project A B. Project B C. Project C D. There is not enough information to decide Q Which of the following is a defect? A. A mistake made by a team member on the job B. A change that the team needs to make in how they do the work C. A project management plan that does not meet its requirements D. A change request that’s been rejected by the change control board

Q You have been asked to select between three projects. Project A has a net present value of $54,750 and will take six months to complete. Project B has a net present value of $85,100 and will take two years to complete. Project C has a net present value of $15,000 and a benefit-cost ratio of 5:2. Which project should you choose? A. Project A B. Project B C. Project C D. There is not enough information to decide Q Which of the following is a defect? A. A mistake made by a team member on the job B. A change that the team needs to make in how they do the work C. A project management plan that does not meet its requirements D. A change request that’s been rejected by the change control board

Name: Q You have been asked to select between three projects. Project A has
Uploaded: 2024-03-20T06:57:05.000Z
Channel: Bartleby
Description: Q You have been asked to select between three projects. Project A has a netpresent value of $54,750 and will take six months to complete. Project B hasa net present value of $85,100 and will take two years to complete. ProjectC has a net present valu

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 21P

See similar textbooks

Similar questions

4a) Total quality management is a top-down program True/ False 4b) The qualifications of a competent project manager are: technical expertise, related project experience, business capability, leadership ability, people skills and appropriate educational degree. True/ False 4c) A good method to ensure client satisfaction is to develop criteria and a related measurement program and periodic report that show the contractor's performance against the criteria. True/ False 4d) Some of the elements for an effective team-building program are: project commitment, cost and schedule consciousness, and working togetherness True/ False Make sure you solve all question, I need only answers. If you are going to solve please left this question. I need all answers.... **
You 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?
Hello. Can you assist with the following Q.1.2. Using a suitable example for each, describe any three factors that could constrain a project. Q.1.3. Using suitable examples, describe any two attributes of a project.
IT PROJECT MANAGEMENT:EX 2.4 You have a project to be completed in 12 months, and the budget of the project is R100, 000. 6 months have passed, and R60, 000 has been spent., but on closer view you find that only 40% of work has been completed so far. Given in question : Actual cost (AC) =R60 000 Earned Value (EV) =40% of R100 000 =R40 000 Find the project's cost varience (CV) and determine if you are under budget or over budget.
You are the manager of a project to improve a billing processat your firm. Table 7.7 contains the data you will need toconduct a cost analysis of the project. Indirect costs are $1,600per week, and penalty costs are $1,200 per week after week 12.a. What is the minimum-cost schedule for this project?b. What is the difference in total project costs between the ear-liest completion time of the project using “normal” timesand the minimum-cost schedule you derived in part (a)?
The G&E Company is preparing a bid to build the new 47,000-seat Shoreline baseball stadium. The construction must start on Jan 01 2022, and be completed in time for the finals of the 2024 season. A penalty clause of $250,000 per week of delay beyond October 1st, 2024 is written into the contract. George Earnings, the president of the company, expressed optimism at obtaining the contract and revealed that the company could net as much as $3 million on the project. He also said if they succeed, the prospects of future projects are bright since there is a projected renaissance in building classic ballparks with modern luxury boxes. ID Activity Duration Predecessor(s) 1 Baseball Stadium 2 Clear stadium site 70 days — 3 Demolish building 30 days 2 4 Set up construction site 70 days 3 5 Drive support piling 120 days 4 6 Pour lower concrete bowl 120 days 5 7 Pour main concourse 120 days 6 8…
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
7. Contract requirements state that a project must be completed within 180 working days, or it will incur penalties for late completion. Analysis of the activity network reveals an expected project completion time of 145 working days with a project variance of 400. What is the probability that the project will be completed before the late-payment deadline? (select the closest answer) Select one: a. about 4% b. over 99% c. about 80% d. about 46% e. about 96%
Justify the usage of earned value management (EVM) to control costs and monitor project success, and hypothesize on why it is not utilized more often. What are some broad guidelines for determining if a cost variation, a schedule variance, a cost performance index, or a schedule performance index is positive or negative?
N5 Explain some of the basic principles of cost management, such as profits, life cycle costs, tangible and intangible costs and benefits, direct and indirect costs, and reserves. Why is defining activities a process of project time management instead of project scope management?
You are the project manager of the software installation project in Table 7.12. 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?
You are working on a manufacturing project having a budget of PKR 3,600,000 and expected time of its completion is one year. There is an ideal condition that your budget and work are evenly spread across the duration of the project that is twelve month. At the end of forth month, the senior management has called a meeting and invited all the stakeholders to brief about the status of the project. You being the PM of this project is giving the presentation to all the attendees and informed that project is on schedule and PKR 1,800,000 have already been spent on the project. Required: Calculate Cost and Schedule Variance What is SPI and CPI of the project? Estimate at completion and Estimated time to complete?