The expected times and variances for the project activities follow. Complete the table showing which activities are critical.IDDescriptionPredecessorteVarianceCritical?Pilot productionNone32.Select channels of distrib.None1343Develop mktg. programNone1824Test market1.Patent24Full production4107Ad promotion3.1728.Release2,5,6,72What is the probability of completing the project in 28 periods? Hint: Use the =NORM.S.DIST(2, TRUE) function in Excel tocompute the probability. (Do not round intermediate calculations. Round the final answer to 3 decimal places, i.e., 0.75o.)The probability of completing the project in 28 periods

Forward Pass:Early Start = Maximum (or Highest) EF value from immediate Predecessor(s)Early Finish…

Answered: The expected times and variances for…

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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Similar questions

Calculate the total float, free float andindependent float for the project whose activitiesare given below:Activity : 1-2 1-3 1-5 2-3 2-4 3-4Duration in weeks 8 7 12 4 10 3Activity : 3-5 3-6 4-6 5-6Duration in weeks 5 10 7 4
1) List and explain the phases that mark the life of a project. 2) For each project phase identified in 1(a) above, describe at least four (4) projectactivities/processes performed in the phase. 3) With the use of a diagram, show (illustrate) the typical levels of uncertainty or projectrisks associated with each phase and throughout a project.
To help identify risks, what are some questions a project manager could ask when reviewing the project charter and WBS?
list the benefits of the Project Manager and explain one, in addition what do you think will happen if a project's cost is increased?
You are assisting the head of the marketing department to develop a project charter for a project titled, COVSTRONG 2021, which will be implemented later this year. Based on your knowledge of this activity and process (i.e. creating the project charter), at what stage of the project life cycle is the COVSTRONG 2021 Project? Select one: a.Executing b.Closeout c.Initiation d.Planning
Both scope expansion and feature bloat are conceivable results. Provide reasons why these two concepts are different. As you look at these two problems, what do you suppose causes them? What would happen if these two undesirable outcomes occurred while this project would be the worst-case scenario?
illustrating with realistic examples, discuss any 5 project management problems you deem most crucial
Identify and explian how you will manage : One specific project management risk on a bookstore website ?
1.) What is the crash cost per week of Activity 5-7?2.) How much is the least expensive activity?3.) Based on your critical path, what is the project duration?State your answer in days assuming 6 days per week.(Sample answer: 6.00)4.) What is the total project cost of Project TRES prior to crashing the activities?Format: PHP 123,456.00]5.) What is the critical path?Sample Answer: 1-2-3-4-5-66.) Which path has the least total project duration?Sample Answer: 1-2-3-4-5-6 @ 2 weeks7.) What is the total difference between the Total Crash Cost and Total Normal Cost?8.) If activity 2-4 was crashed by one (1) month, what will be the Total Project Cost?9.) Which activity has the MOST expensive crash cost per week and how much does it cost the project?The format of your answer must be: Activity 1-2 @ PHP 0,000.0010.) After performing the project crashing, what is the corresponding time for the optimum cost of the project?Express your answers in weeks.Sample: 2 weeks11.) A penalty for not…
the project lifecycle 1) List and explain the phases that mark the life of a project. 2) For each project phase identified in 1(a) above, describe at least four (4) projectactivities/processes performed in the phase. 3) With the use of a diagram, show (illustrate) the typical levels of uncertainty or projectrisks associated with each phase and throughout a project. 4) With the use of a diagram, show (illustrate) the typical levels of project staffingrelated to each phase and throughout a project. 5) For each project phase identified in 1(a) above, identify and describe at least one (1)major deliverable (output) of the phase.
What comprises a Project Management Plan? What is the link with the Project Feasibility Study? What competing demands in project management should be balanced, and how can these be successfully done?
What is the project Triangle, its importance, and how does the components relate to each other for a project? Explain how an increase in scope will impact the triangle?

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