We are planning to develop a room reservation system that is estimated to have 400 story points of features. Let’s say our team’s velocity on two-week sprints ranges between 20 and 25 story points
Q: Consider the following tables of the ALPHA Inc. project. Complete the table with necessary data -…
A: Completing the entire table will lead to a greater work area and difficult to put the screenshots in…
Q: As a student of feasibility study writing, do you agree or disagree with the statement? Support your…
A: Feasibility study:- A feasibility study is a thorough evaluation that takes into account all of the…
Q: c. What is the expected project completion time? (Do not round intermediate calculations. Round your…
A: Expected time is calculated with the help of following formula:
Q: Consider the following information of a project: Normal time Crash time Crash Cost Activity…
A: We have following paths here A-D = 6+5 = 11 weeks C-E =4+8 = 12 weeks B = 12 weeks
Q: The optimistic cost for a project is $6,000. The pessimistic cost estimate is $24,000 and the most…
A: The expected (average) duration of the project is given by the formula: te = (to + 4tm + tp) / 6…
Q: Calculate Cost and Schedule Variance What is SPI and CPI of the project? Estimate at completion and…
A:
Q: There are four critical paths in a network. A-B-C-D-E, A-F-G-E, A-H-J-K-L-E and A-S-T-E. Activties…
A: Option A - insufficient information
Q: What is the minimum cost of crashing the following project by 4 days? Normal Time Crash Time…
A:
Q: A project has the following risks. 40% chance of schedule delay costing $3,000 20% chance of…
A:
Q: Car manufacturing or a travel organization project would appear under each stage of Project life…
A: The application including the skills, knowledge is related to the activities of the project meeting…
Q: A small manufacturing company is expanding by its business by opening multiple branches across the…
A: To prepare a feasibility report considering the updation of a central database management system for…
Q: Just pay P10,000 per day for 30 days? Or just hire additional workers to lower down the construction…
A: A contract time indicating the duration which specified in the project that project manager must…
Q: Consider the following diagram, why is it used and explain what information does it provide to the…
A: The diagram is called the risk impact/probability chart. This diagram uses two dimensions;…
Q: The table below contains data for the installation of new equipment in a manufacturing process at…
A: a. answer = 11 weeks
Q: Company A has a project that will scheduled on March 15, 2021, so the Operation department prepared…
A: Project management schedule contains a list of project-related activities and deliverables, usually…
Q: Earned Value Management (EVM) is a method or an approach in measuring the project performance…
A: The question is related to Earned Value Management. The details are given. Since you have posted a…
Q: 1.You’re managing a project to install 400 windows in a new skyscraper and need to figure out your…
A: WIndow installation has to be done for 400 windows. Team members are paid $4,000 and $2,000 parts…
Q: Our company, Dawgs “R” Us, is evaluating a new project involving the purchase of a new oven to bake…
A: To calculate the cash flows, NPV, and IRR of the new oven. Cash flows = Operating Cash flows -…
Q: Determine and state the critical path for this project. This must be based on your work in (c) and…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: There are many Risks in construction, ignoring same shall be a financial disaster for Contractors.…
A: Risk either internal or external to a venture, that, assuming it takes place, can also reason the…
Q: Avondale Industries’ training and development office was asked to develop and implement a training…
A: Organizations usually provide training to their employees in order to improve the skill sets and…
Q: Using the diagram, find: The critical path. How long it will take to complete the project? How does…
A: A network diagram is a visual representation of a project which helps to identify the activity…
Q: mbo Technologies has embarked on another project that has an estimated completion time of 40 weeks…
A: Given data: Completion time, μ=40 weeksStandard deviation, σ=5 weeks As we know, z=X-μσ
Q: Expected length of a project is 37.16 days and the variance of its length is 6.14 days. What is the…
A: Project duration is the total time incurred to finish the project successfully in measured workdays.…
Q: the covid19 pandemic and took charge o puilding a new building near the current puilding. The…
A: OPTION D IS CORRECT - Rescheduled process
Q: Galfar Industries is planning to modernize its production facility. The company has identified three…
A: From the given data, Effective annual rate for PV = (1+0.11/2)^2-1…
Q: With the use of a diagram, show the typical levels of uncertainty or project risks associated with…
A: Hazard is related to things that are obscure. More things are obscure toward the start of a task,…
Q: You have determined the following for a given project: Expected completion time of the…
A: Find the Given details below: Given Details: Expected Completion time 26 weeks Standard…
Q: Two new Internet site projects are proposed to a young start -up company. Project A will cost…
A:
Q: Earned Value Management (EVM) is a method or an approach in measuring the project performance…
A: The question is related to the Earned Value Management. The details are given.
Q: Explain with a sketch the CONSTRAINT in PM necessary to achieve project quality.
A: According to with Project Management Body of knowledge, a "project" is described as "a temporary…
Q: The table below contains data for the installation of new equipment in a manufacturing process for a…
A: Since you have submitted a question with multiple subparts, as per guidelines, we have answered the…
Q: From the project plan, we that a project has a total budgeted cost of $918.485 and a project…
A: Given Information: The total budgeted cost=918485 The total project completion time=15 weeks At the…
Q: Vhat is the probability that the project will be completed in 15 days if the standard deviation is…
A: Assembly line balancing means when each task is assigned to a workstation that is within an assembly…
Q: or each project phase (Iniating, planning, executing and closing) identify and describe at least one…
A: In project management, there are five process groups, these are starting with initiating and then,…
Q: You are the project manager working for Mack's Pool Co. Your project consists of installing a new…
A: Please find the network diagram as below
Q: Give an example of a project which is a failure in cost estimation and give suggestions for making…
A: Cost estimation failure: Cost estimation plays a significant process in a project which can generate…
Q: a. Determine the optimum time-cost crashing plan. Continue crashing as long as the total crashing…
A: Possible paths Duration 1-2-5-7-11-13 = 5+8+7+4+11 = 35 1-3-8-11-13 = 4+12+5+11 = 32…
Q: Suppose you are a project manager of a power plant project and there is a penalty in your contract…
A: Find the Given details below: Given details: Sub Contractor A Sub Contractor B Bids…
Q: A project has the following tasks and duration estimates given. These three tasks are done in…
A: Assuming a beta distribution for project activity time estimates we get the expected duration…
Q: Normal Normal Crash Cost, $ Time 150 200 200 350 250 Crash Cost, $ 200 350 250 650 slope Time 25 150…
A: Project crashing is a procedure that uses increased charges to shorten the overall project length.…
Q: what is feasibility Report ?Define when and why we need it And also define who prepare this document
A: A feasible report is essential for the underlying plan phase of any venture/plan. It is directed to…
Q: The chart below shows the initial investment and expected yearly payback for Project A and Project B…
A: A Small Introduction about Investment A venture is basically a resource that is made fully intent…
Q: You are the project manager of a project that has $142590 as the budget at completion. 65% of the…
A: Given that: Budget at Completion (BAC)= $142590 Actual Cost (AC)= $78352 Planned Value (PV)= 65% of…
Q: The project described in the following table has just begun. It is scheduled to be completed in 11…
A: Given, Activity Estimated Time(weeks) StandardDeviation (wks.) 1-2 4 0.70 2-4 6 0.90 1-3 3…
Q: A company is willing to develop their rocket before the end of current financial year which is now…
A: Find the Given details below: (i) (j) Optimistic Time(To) a(Weeks) Pessimistic Time(Tp) b(Weeks)…
Q: What is the point at which an owner can begin to occupy a building or use it for its intended…
A: There are a lot of stages in the completion of a construction project. Each stage has its own…
Q: CRASHING AND COST PLAN Problem 3 From the following data perform crashing the project. Ti7me in…
A: The question is related to Crashing a Project. The details regarding the same are given. We will…
We are planning to develop a room reservation system that is estimated to have 400 story points of features. Let’s say our team’s velocity on two-week sprints ranges between 20 and 25 story points.
Our project will start on Dec 1, 2021. If our customer wants the project to be in production by end of June 22, how likely will the project be successful? Why? Show your calculations.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The Peabody Coal Corporation recently completed the final feasibility report for a new general ledger accounting system. It has hired a consulting firm to program and install the new system. The consulting firm is charging $350,000 for the remaining tasks to be performed. These tasks are to be performed over the next 10 months as detailed in the Gantt chart in the diagram. The consulting firm is extremely concerned with the project staying on schedule because it is receiving a flat fee. The release of the final payment is contingent upon the system performing as stated in the contract and upon Peabody receiving appropriate documentation of the system.Requireda. Prepare a PERT diagram and indicate the critical path.b. What happens to the time frame of the implementation of the project if the manufacturer is 4 weeks late shipping the hardware?c. What happens if the data conversion does not go smoothly and takes an additional 3 weeks? d. Who should conduct the postimplementation review?…A company was replacing the single-use plastic bags with cloth bags. However, the selected fabric is on backorder and will not be in stock for three weeks. The vendor suggested using another fabric that is in stock, but it is less sturdy than the original choice.If the company decides to wait until the original fabric is available, this will change the __________ of the project. a.) cost b.) scope c.) quality d.) timelineOne of Mary's employees, Shira, has obtained a new job and given her two weeks' notice. Shira was responsible for updating the company website with information on the new bag policy. Mary gave Shira's responsibilities to another employee in the Marketing department who has similar knowledge and skills.What is the probability of this risk occurring and what is the impact on the project? a.) Low probability and medium impact b.) High probability and high impact c.) Medium probability and low impact d.) High probability and low impact
- The project manager of a task force planning the construction of a domed stadium had hopedto be able to complete construction prior to the start of the next college football season. Afterreviewing construction time estimates, it now appears that a certain amount of crashing will beneeded to ensure project completion before the season opener. Given the following time and costestimates, determine a minimum-cost crashing schedule that will shave five weeks off the projectlength. Note: No activity can be crashed more than two weeks.CRASHING COSTS ($000)Activity Immediate Predecessor Normal Time (weeks) First Week Second WeekA — 12 $15 $20B A 14 10 10C — 10 5 5D C 17 20 21E C 18 16 18F C 12 12 15G D 15 24 24H E 8 — —I F 7 30 —J I 12 25 25K B 9 10 10M G 3 — —N H 11 40 —P H, J 8 20 20End K, M, N, Pgiven the following information for a 1-year project, answer the following questions. Assume you have actual and earned value data at the end of the second month. Recall that PV is the plan value, Evie is the earned value, AC is the actual cost, and BAC is the budget at completion.pv =$ 23,000ev = 20,000ac= 25,000bac = 130,000a. what is the cost variance, schedule variance, cost performance index CPI and schedule performance index SPI for the project?B. how is the project progressing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?C. use the CPI to calculate the estimate at completion EAC for this project.d. use the SPI to estimate how long it will take to finish this project.e. sketch the earned value chart for this project, use the figure below as a guide. Assume the data for month one is half of the values given for Pv, Ev and ac at the end of month 2With the use of a diagram, show the typical levels of uncertainty or project risks associated with the Initiation,Planning,Execution,Monitoring and Controlling and closing phase and throughout a project.
- Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a). Develop a project network. (b) Develop an activity schedule. Activity EarliestStart LatestStart EarliestFinish LatestFinish Slack A B C D E F (c) What are the critical activities? (Enter your answers as…Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop an activity schedule. What are the critical activities? (Enter your answers as a comma-separated list.) Assume that the company wants to complete the project in six months or 26 weeks. What is the amount of crash time (in weeks) for each activity that minimizes…Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop a project network. A project network with 8 activities and 8 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B and to activity C. Activity B is connected to activity D. Activity C is connected to activity E. Activity D is…
- Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (d) Assume that the company wants to complete the project in six months or 26 weeks. What is the amount of crash time (in weeks) for each activity that minimizes cost? (A, B, C, D, E) = (e) Develop an activity schedule for the crashed project. Activity EarliestStart LatestStart…Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop a project network. A project network with 8 activities and 8 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B and to activity C. Activity B is connected to activity E. Activity C is connected to activity D. Activity D is…Company A has a project that will scheduled on March 15, 2021, so the Operation department prepared all the materials needed in the project and they found out that some of the materials and equipment are not in the storage room, so they contacted the supplier (BC Company) to purchase the missing materials needed to conduct the project. So they issue the purchase order to BC and agreed that they will provide and deliver the materials needed on same day March 15, 2021. But on that day, BC company didn’t comply to deliver the materials and equipment. So what is your Approach if you were the Company A?