What is the total cost of reducing this project by two weeks?
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- The North Carolina Department of Transportation is undertaking a construction project to widen a large section of interstate highway near Charlotte, NC, which includes the construction of a number of new bridges, interchanges, and overpasses. The first step in the project is the appointment of a project manager and the development of a project team, some of which will be departmental employees and others will be private consultants and operatives. The team of a project of this size also requires a large support staff with varying technical skills. Once the team is selected and the staff is in place the first task is to select a primary contractor to manage and oversee the actual construction. The following table gives the standard activities required for the planning and scheduling of this process. Activity Description Predecessor Time (weeks) Optimistic a Most Likely m Pessimistic b a b c d e f g h i j k L M Select project manager Develop a team recruitment…A project that you are managing is into six months of its accomplishment andthe planned duration is also six months. You are now reviewing the projectstatus. The actual cost of Activity A and B are RM 200,000 and RM 100,000respectively. The planned value for Activity A and B are RM 180,000 and RM80,000 respectively. The Activity A is 100% complete whereas Activity B isonly 75% complete. (a) Formulate the problem to determine whether the project is on-time and on-budget after six months using the Earned Value Analysis (EVA) method. (b) Generate the expected “cost at complete” and “time at complete” to finishthe project at this pace. (c) Present two initiatives to be undertaken by the project manager to improvethe situation based on Q4(b).The key objectives of a project can be summarized in the form of a The key objectives of a project can be summarized in the form of a multiple choice line. triangle. square. hexagon.
- A contractor has a job which should be completed in 120 days. At present, he has 80 men on the job and it is estimated that they will finish the work in 150 days. Of the 80 men, 50 are each paid Php 150.00 a day, 25 at Php 210.00, and 5 at Php 280.00. For each day beyond the original 120 days, the contractor has to pay Php 1,500.00 liquidated damages. How many more men should the contractor add so that he can complete the work on time? Use continuous computations, round off your final answers to two (2) decimal places.An office complex is to be renovated. Before the job can be completed, various tradespeople and skilled workers must install their materials. The table for this problem describes the relationships between the activities that need to be completed. Activity Immediate Predecessors Time (days) A1 - 6 A2 A1 7 A3 A1 3 A4 A1 10 A5 A2 10 A6 A3, A4 4 A7 A4 8 A8 A4 5 A9 A5, A6, A7 7 A10 A8 6 a) Develop a project network for this problem. b) Determine the EST, EFT, LST, LFT, and slack for each activity. c) What is the critical path and project completion time? d) Submit your fileAn office complex is to be renovated. Before the job can be completed, various tradespeople and skilled workers must install their materials. The table for this problem describes the relationships between the activities that need to be completed. Activity Immediate Predecessors Time (days) A1 - 6 A2 A1 7 A3 A1 3 A4 A1 10 A5 A2 10 A6 A3, A4 4 A7 A4 8 A8 A4 5 A9 A5, A6, A7 7 A10 A8 6 a) Develop a project network for this problem. b) Determine the EST, EFT, LST, LFT, and slack for each activity. c) What is the critical path and project completion time?
- The project manager is tasked with the responsibility of balancing project constraints to increase the probability of project success, and ensure that the project meets its objectives. In this discussion forum: Identify and explain at least five (5) project constraints, and explain the working of the triple constraint model of project management.The client of a project has requested the project team to crash 8 hours of time. The table below provides the necessary information about the possible project crashing. (a) What is the crash cost for 8 hours of time-savings?(b) Assume the team calls the client and asks for a project extension, reducing the amount of time they need to crash. The project team has a $20 crash budget. Is the budget sufficient to crash 4 hours of time?Given problem: A contractor has a job which should be completed in 120 days. At present, he has 80 men on the job and it is estimated that they will finish the work in 150 days. Of the 80 men, 50 are each paid Php 150.00 a day, 25 at Php 210.00, and 5 at Php 280.00. For each day beyond the original 120 days, the contractor has to pay Php 1,500.00 liquidated damages. How many more men should the contractor add so that he can complete the work on time? *Do show solution. Round off final answer in 2 decimal places. Thank you.
- An IT project manager of ABC Company has developed an activity list for the purpose oftracking employees’ daily activities on the project. The project’s schedule is considered to be ofhigh risk due to the possibility of sabotage by some of the employees. In addition, the IT projectmanager has gathered time information for each activity, as shown in the table below. Considerthe following project’s tasks and their identified best, likely, and worst case estimates of taskduration. Assume the organization computes PERT weight average based on the standardformula.Activity Optimistic MostlikelyPessimisticA 5 5 25B 3 5 8C 7 5 8D 4 4 5E 10 19 34F 3 14 18G 6 16 20H 32 44 65I 12 17 25J 2 8 18The dependencies between the 10 activities listed in the table above are as follows: The project starts with two activities—A, and B—which can be done concurrently. When activity A is finished, activity C can start When activity B is finished, activities D and E can start When both activities C and D are…The client of a project has requested the project team to crash 8 hours of time. The table below provides the necessary information about the possible project crashing. (a) What is the crash cost for 8 hours of time-savings? (b) Assume the team calls the client and asks for a project extension, reducing the amount of time they need to crash. The project team has a $20 crash budget. Is the budget sufficient to crash 4 hours of time? Activity Normal Duration (hours) Normal Cost ($) Crash Duration (hours) Crash Cost (S) Immediate Predecessors A 2 10 2 0 None B 3 15 2 23 A C 5 25 4 30 B D 3 20 1 24 C E 6 30 4 45 C F 1 5 1 0 E G 7 35 6 50 F H 10 50 7 80 D, GA project is scheduled to complete in six months duration. There are two activities in the project. The actual cost of Activity 1 is SAR 300,000 and that of Activity 2 is SAR 200,000. The planned value of these activities is SAR 280,000 and 150,000 respectively. On reviewing, the current project status is Activity 1 is 100% completed and Activity 2 is only 75% completed. (i) Perform the earned value calculations of the above project scenario and fill the given table. Activity Month 1 Earned Value Planned Value Actual Cost Cost Variance Scheduled Variance Cost performance Index Schedule performance Index (ii) What do you infer about the project schedule and cost based on your calculations?