Question OneA regional conglomerate is about to upgrade its customised accounting software System 2000(S2K)across the region. The directors of the group are eager to have the software upgraded to improve thequality of data from the information system. The new software requires reliable internet access andcan be accessed from anywhere using a Virtual Private network (VPN) connection. The followingactivities with times in weeks are under consideration.ActivityMost likely MostpessimistictimeImmediateOptimisticVariancepredecessorstimetimeA468.44444.56.555.5B15.4444A4.57.1736A.4.1111EВ.С4.58.3403F34.11111.5E,FF,G1.4444H67.1111You must use two decimal places at all times for expected times when they are not integer (you arenot permitted to round off to integers).Draw the activity network for this problemDetermine the Expected Times.Determine the activity schedule (ES, EF, LS, and LF) as well as slack.(а)(b)(c)

Answered: Question One A regional conglomerate is…

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 39 Given the following activity network: (3 activities - A1, A2 & A3; arrows point from A1 to A2 and A1 to A3) 39-1.docx Actions Activity A1 takes 6 weeks, A2 takes 9 weeks, and A3 takes 3 weeks. What is the slack of A3? Group of answer choices 8 weeks 6 weeks 7 weeks 0 weeks
QUESTION 1 Your organization has signed a new project contract to install 12 electric generators. The Budget of the project is $120,000 ($10K per electric generator). The duration of the project is 12 weeks (1 electric generator per week). First scenario: At week 2: •3 electric generators installed. •$28,000 spent to date. Second scenario: At week 6: •5 electric generators installed. •$57,500 spent to date. According to the above scenarios, how are you going to answer the following questions? 1.Are you ahead or behind schedule? 2.How efficiently are you using your project’s time? 3.When is this project likely to be completed? 4.Are you currently under or over budget? 5.How efficiently are you using your resources? 6.What is the remaining work likely to cost? 7.What is the entire project likely to cost? 8.How much will you be under or over budget at the end?
QUESTION 44 Projects with very general scope definitions are at risk of expanding gradually, without specific authorization, in a process called _____. a. project drift b. project dilation c. project expansion d. project creep QUESTION 47 Which is an example of an intangible benefit? a. A user-friendly system that improves employee job satisfaction b. A new scheduling system that reduces overtime c. An online package tracking system that improves service and decreases the need for clerical staff d. A sophisticated inventory control system that cuts excess inventory QUESTION 50 _____ is a full-featured program that holds the dominant share of the project management software market. a. Gantter b. Microsoft Project c. Apptivo d. GanttProject
QUESTION 1a. The following Table 1 (below) contains a list of activities, with precedence requirements andcrash costs for a project that is to be completed by Present Technologies Limited (PTL).Table 1Activity PredecessorActivityorActivitiesNormalTime(days)CrashTime (days)Normal Cost ($)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 ($)A __ 2 1 1,000 2,000B __ 7 4 800 4,300C __ 5 3 2.000 7,000D B, C 4 3 1.500 2,750E A 6 2 1.250 15,250F B, E 7 2 2,500 10,000G D 6 3 2,000 8,000H F, G 3 1 4,000 10,000 (iii) Prepare a Project Completion Schedule, which includes the incremental cost and thetotal cost of crashing? Please answer this question above.
Question 4a) ‘project success is imbedded in project manager’s soft skills’ explain? b) To what extent does corporate knowledge base improves organizational process assets in project organization? c) What is the justification in setting up project monitoring and controlling system?
QUESTION 1 The following information is available for a large fundraising project. Activity Activity Time (days) Activity Cost ($) 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?
What is the total cost for this project? (question a)iv.)
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)
Activity              (day)               Predecessor(s)      A                        6                             none      B                        5                              none      C                        3                                A      D                        2                                A      E                        1                                 B      F                         7                                C      G                        9                               D E,      H                        11                             F,G 1. Draw the network diagram
Question 2                                                                                         Problem Statement:  Project Control and Monitoring 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?
Question 40 Given the following activity network: (3 activities A1, A2, & A3; arrows point from A1 to A2 & A1 to A3) 40.docx Actions    Activity A1 takes 5 weeks, A2 takes 7 weeks, and A3 takes 4 weeks with a 50% probability and 10 weeks with a 50% probability. What is the project completion time estimate considering all scenarios? Group of answer choices 9 weeks 10 weeks 12 weeks 13.5 weeks PreviousNext

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