Question 1 (Network)a. The Consolidated Bank of Ghana (CBG) is planning to install a new computerized accountssystem. Bank management has determined the activities required to complete the project, theprecedence relationships of the activities, and activity time estimates as follows:Time Estimates (weeks)DescriptionPosition RecruitingActivityPredecessoramA8.17System DevelopmentSystem TrainingEquipment trainingManual System TestB31215CA4710A58.23В, СВ, СE111Preliminary System ChangeoverComputer-Personnel InterfaceEquipment ModificationEquipment testingSystem Debugging and InstallationEquipment ChangeoverF1413GD, E36.9.H.D, E12.57IH111F, GG, IJ222K5811Use the information in the table to answer the following questionsi. Compute the expected activity completion time for each activity. (ii. Construct a network showing the inter-relationship between the project activities. Also perform theforward and backward pass of the Critical Path Method (CPM) on your network.iii. When will the computerized accounting system be ready for use? ^iv. What is the critical path (the critical activities)?

Note: - Since we can answer only up to three subparts we will answer the first three subparts(1, 2,…

Answered: Question 1 (Network) a. 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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Question 1 (b) A company is considering to invest in eight projects. The estimated cost of each project, the perceived priority points, the estimated number of new jobs each project would create are provided in the Table 1. Table 1 Project Cost ($) Priority Points New Jobs X1 X2 X3 X4 X5 X6 X7 X8 5000 4500 600 2000 6000 800 3200 2500 3176 2774 3513 2928 4607 862 3829 2708 5 1 2 1 3 1 7 2 4. The company wants to create at least 8 new jobs from these projects. 5. Only one of the two projects, i.e., X3 and X5 should be funded at this time but not both. 6. The company believes that if it decides to invest in project X7 then it should also invest in project X8, and vice versa. [DO NOT SOLVE THE ABOVE MODEL YOU DEVELOPED IN QUESTION 1 (b).…
QUESTION 1a. The following Table 1 (below) contains a list of activities, with precedence requirements andcrash costs for a project that is to be completed by Present Technologies Limited (PTL).Table 1Activity PredecessorActivityorActivitiesNormalTime(days)CrashTime (days)Normal Cost ($)Crash Cost ($)A __ 2 1 1,000 2,000B __ 7 4 800 4,300C __ 5 3 2.000 7,000D B, C 4 3 1.500 2,750E A 6 2 1.250 15,250F B, E 7 2 2,500 10,000G D 6 3 2,000 8,000H F, G 3 1 4,000 10,000 (ii) You are PTL’s Project Manager for this project and you have been asked to reduce theproject completion time by three (3) days. Assume a linear cost per week shortened, and showstep by step, how you arrived at your answer? Please assist me in answering this question above.
QUESTION 1a. The following Table 1 (below) contains a list of activities, with precedence requirements andcrash costs for a project that is to be completed by Present Technologies Limited (PTL).Table 1Activity PredecessorActivityorActivitiesNormalTime(days)CrashTime (days)Normal Cost ($)Crash Cost ($)A __ 2 1 1,000 2,000B __ 7 4 800 4,300C __ 5 3 2.000 7,000D B, C 4 3 1.500 2,750E A 6 2 1.250 15,250F B, E 7 2 2,500 10,000G D 6 3 2,000 8,000H F, G 3 1 4,000 10,000 (iii) Prepare a Project Completion Schedule, which includes the incremental cost and thetotal cost of crashing? Please answer this question above.
Question 1At Tropico, the activities required to service a car at a dealer can be viewed as a mini-project summarised in the following table: The variability in times required to perform each activity is due to the different types, sizes, and conditions of the cars to be serviced. Round off to two decimal places were fractional.A. Draw the activity network diagram for this problem (either AON or AOA) (5 marks)B. Determine the Expected Time and Variance for each activity. (4 marks)C. Show the activity schedule (ES, EF, LS, and LF) as well as slack times. (5 marks)D. Use the ES, EF, LS, and LF from your activity schedule or table to determine the critical path for the project. (2 marks)E. What are the expected time and the variance of the project? (2 marks)F. What is the probability the project will be finished within 10 minutes? (2 marks)
Question 1: According to the Columbia Accident Investigation Board, the root cause of the Columbia disaster was directly tied to Management’s unwillingness to adequately address the tradeoffs between the program’s conflicting goals of: Group of answer choices A) Cost, schedule, and safety B) Schedule, morale, and risk C) Safety, customer satisfaction, and schedule D) Cost, risk, and test flights
Question1: Discuss the critical importance of work schedule in project management.2. Discuss the contribution of cost estimation in the completion of successful project.3. A firm is planning a project which consists of the following ten jobs and precedence relations are identified with their node numbers: Jobs (i-j) 1-2 1-3 2-3 2-4 2-5 3-5 4-7 5-6 6-7 7-8 Durations (days) 9 5 12 7 8 11 10 3 4 6 Draw an arrow diagram representing the project.b. Determine the critical pathc. What is the duration of the project?
QUESTION FOUR . 4a Poorly defined Scope of work (SOW) is a recipe for disaster and introduces a project to Risk during the contracting and procurement process. Critically analyze these statements in the light of Fixed Price (FP) Contract 4b. Project Risk, Stakeholder Influence, and the Cost to manage the risk events are both a function of time based on the project life cycle using a diagram/graph appraise the statement. And prove that it is better to identify risk at the beginning of project than later in the life cycle of a project
QUESTION 1 The following information is available for a large fundraising project. Activity Activity Time (days) Activity Cost ($) Immediate Predecessor(s) A 3 100 -- B 4 150 -- C 2 125 A D 5 175 B E 3 150 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 3 150 F, G L 3 150 G, H, I M 2 100 I, J N 4 175 K, M O 1 200 H, M P 5 150 N, L, 0 Determine the critical path and the expected completion time of the project. Plot the total project cost, starting from Day1 to the expected completion date of the project, assuming the earliest start times for each activity. Compare the result to a similar plot for the latest start times. What implication does the time differential have for cash flows and project scheduling?
Question 5 Work Breakdown Structure (WBS) is defined as deliverable-oriented of projectelements that organizes and defines the total work scope of project. Elaboratethe statement"deliverable-oriented grouping of project elements thatorganizes and defines the total work scope of the project.
Question: Consider the following linear program: Max Z = 2*x + 3*y subject to 3*x + 4*y >= 12 3*x + 2*y >= 9 y>= 1 x,y >= 0 The number of feasible corner points is: 0 1 2 3 None of the other answers are correct.
Question: A renowned multinational shipping company is opening its new branch office in Lahore. You are working in the company as IT Manager. Your Chief Information Officer (CIO) have nominated you as the project manager for deploying IT infrastructure in the new office. During the project, you need to procure 20 boxes (1000 feet each) of Cat 6 Network Cables, 150 Information Outlets (I/O’s), 150 faceplates, 150 back boxes, 4 Patch panels (24 ports each), 4 Cable Managers and One communication rack. The company you are working for is a multinational company and has a very strict procurement procedure and procurement audit is mandatory at the end of the project. What steps you should follow for procurement of these items for your project. You also need to develop the Bill of Quantity (BOQ) of the products that you want to procure. Also develop a Purchase order for the same.
QUESTION THREEGiven the LP below:a) Solve the problem using big M-methodMinimize Z = 3X1 +4X2s.t 4X1 + X2 ≥ 30−X1 − 4X2 ≤ −184X1 + 3X2 ≥ 28X1, X2, ≥ 0

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