The closest value to the pessimistic project completion time is
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A: An effective project charter is written for experts in project management who can evaluate the…
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Q: The closest value to the optimistic time to complete the project is *
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A: THE ANSWER IS AS BELOW:
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A: The data given is shown below in a tabular form.
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- please help, project management. I need part D,Eand 2 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…Hi, I need help answering the last question. Rob Smith is managing a small project at Boston University. He is under pressure to shorten the overall duration of the project by 4 weeks and he wants to do so at the lowest cost possible. In order to meet this objective a number of activities must be crashed. Activity Normal Time (weeks) Crashed Time (weeks) Normal Cost Crashed Cost Predecessor(s) A 5 3 $800 $1,200 - B 6 5 $300 $450 - C 6 5 $550 $775 - D 3 2 $750 $950 A E 6 3 $1,350 $2,250 C F 5 3 $675 $875 B What is the total cost of crashing the project 4 weeks (just the additional cost, not total project cost)? (Display your answer to two decimal places.)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
- Your company has just received an order from a good customer for a specially designed electric motor. The contract states that, starting on the 13th day from now, your firm will experience a penalty of $100 per day until the job is completed. Indirect project costs amount to $200 per day. The data on direct costs and activity precedence relationships are given in Table. Electric Motor Project Data Activity Normal Time(days) Normal Cost ($) Crash Time (days) Crash Cost ($) ImmediatePredecessor(s) A B C D E F G H 4 7 5 6 3 11 4 3 1000 1400 2000 1200 900 2500 800 300 3 4 4 5 2 6 3 1 1300 1200 2700 1400 1100 3750 1450 500 None None None A B C D,E F,G a. Draw the project network diagram.b. What completion date would you recommend?Using the information provided in the table, the network diagram and the project completion time = 25 weeks, reduce the completion time of the project by 3 weeks in the most economical way. Activity NormalTime(weeks) NormalCost ($) CrashTime(weeks) CrashCost ($) MaximumweeksReduced CrashCost perWeek ($) A 3 500 2 900 1 400 B 4 600 3 700 1 100 C 6 800 3 1,286 3 162.00 D 6 1,500 4 2,150 2 325 E 6 1,750 4 2,250 2 250 F 5 1,200 5 1,200 0 0 G 7 1,500 5 1,794 2 147 H 3 500 3 500 0 0 Reduce G by select a number of (1-4) week(s), C by select a number (1-4) of week(s), at a cost of $ __________ enter a dollar amount .Your hospital has applied for certification as a level 1 stroke center. It is critical that the following project is completed in 18 weeks, before the next Joint Commission survey. Project activity times are listed in the table attached as an image. Determine the minimum cost-schedule for this project to be completed in 18 weeks. Assume a linear relationship between crash cost and crash time. For example, crash cost per week for activity A can be calculated as: ($650 - $200)/(4-2) = $225. 2. What is the difference in total project costs between the earliest completion time of the project using normal times and the minimum cost-schedule you found in part 1?
- 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?Dave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to determine ES, EF, LS, LF, and slack for each activity. The total project completion time and the critical path should also be determined. Here are the activity times: Activity Time (weeks) Immediate Predecessor(s) Activity Time (weeks) Immediate Predecessor(s)A 6 - E 5 BB 8 - F 6 BC 2 A G 9 C, ED 3 A H 7 D , F Dave's earilest start (ES) and earliest finish (EF) are: Activity ES EF A 0 6 B 0 ? C D E F G HA student has been put in charge of a new garden design. The new design will involve five different activities. Per project management guideline, activities “a” and “b” start on day 0. Draw the network diagram. Calculate ES/EF/LS/LF and Slack for all activities. Activity A: Immediate Predecessprs (-) Duration days (3) Activity B: Immediate Predecessprs (-) Duration days(5) Activity C: Immediate Predecessprs (a) Duration days(3) Activity D: Immediate Predecessprs (b) Duration days(7) Activity E: Immediate Predecessprs (C,D) Duration days(3)
- The VOXN Cinema is installing a new system to enhance the quality of movies shown. Assume that the following table provides information on the immediate predecessor relation and time estimated for each event. a.List the possible eight events which you think essential in expanding a Cinema.b. Draw a network diagramc.find the total time required to complete the project d. List the critical events of the project. Activity immediate predecessor Time (weeks) A - 3 B - 4 C A 6 D B 2 E A 5 F C 2 G D , E 4 H F , G 5For conducting a project seven activities should be performed but maximum availablemanpower is 17. Task duration and manpower requirement is given below. Project managersaid, “It is possible to complete the project without leveling the manpower". Evaluate thestatement of the PM. (Justified or Not-Justified)The table below contains data for the installation of new equipment in a manufacturing process for a steel corporation. Your company is responsible for the installation project. Indirect costs are $6,000 per week, and a penalty cost of $10,000 per week will be incurred by your company for every week the project is delayed beyond week 15. Activity Immediate Predecessor(s) Normal Time (weeks) Crash Time (weeks) Normal Cost ($) Crash Cost ($) A None 2 1 7,000 10,000 B None 2 2 3,000 3,000 C A 3 1 12,000 40,000 D B 3 2 12,000 28,000 E C 1 1 8,000 8,000 F D, E 5 3 5,000 15,000 G E 3 2 9,000 18,000 H F, G 8 6 14,000 32,000 Construct a network diagram for the project. What are the project completion time and the total cost under normal conditions? What is the shortest time duration for this project regardless of cost? What is the resulting total cost? What is the…