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- Build a PERT Analysis for a 3-month project with 6 activities (A to F) and 5 nodesplease 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.
- 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 1-4-6Q3.When we start a project how we know this project or program is feasible for our future? Explain with help of diagramProject involve doing something that has never done before with specific requirements like time, cost, and performance to be considered. Discuss.
- According to the PMBOK Guides, every project must pass through several phases, from start tocompletion.Using an appropriate diagram, describe a project life cycle and clearly explain the phasesrequired to execute this projectThe following six activities constitute an overall bar chart portrayal of 4-month project. Two months after the start of construction, Activities A, C, D half of E, and one-fourth of B were completed, for a cost of $10,500. Evaluate the status of the project. Using earned value concepts, determine the schedule variance and the cost variance. State if the project is over or under budget and if it is ahead of or behind schedule.DO IT MANUALLY, NO EXCEL (PERT-CPM) A small project consisting of eight activities has the following characteristics Draw the PERT network for the project. Prepare the activity schedule for the project showing (Project duration, ES, EF, LS, LF, FLOAT/SLACK). Determine the critical path.
- Develop a CPM diagram for the activities/relationships listed below (assumedurations are in months). For each activity calculate the Early Start, Late Start, EarlyFinish, Late Finish, Total Float, and Free Float. Clearly identify the critical path forthe project (hint: a highlighter would be a good tool to use) How do you solve this? I don't understand how it's done.The expected time and variances for the major activities of an R&D project are depicted in the following PERT chart. Determine the probability that the project completion time will be: A. Less than 50 weeks B. More than 50 weeksA 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?