You are the project manager of the software installation project in the table below. You would like to find the minimum-cost schedule for your project. There is a $500-per-week penalty for each week the project is delayed beyond week 25. In addition, your project team determined that indirect project costs are $2,000 per week. 9 Activity Immediate Predecessor(s) A B C D E F G H I A A, B B D E, F G C. F Normal Time (weeks) 3 10 5 8 a. What would be your target completion week? The target completion week is week (Enter your response as an integer.) 2 8 4 7 9 Normal Cost (S) 5,000 4,000 7,000 7,000 2,000 4,000 2,000 2,000 3,000 Crash Time (weeks) 3 7 4 7 1 6 2 5 8 Crash Cost ($) 5,000 10,000 12.000 12,000 5,000 7.000 8,000 4,000 7,000

You are the project manager of the software installation project in the table below. You would like to find the minimum-cost schedule for your project. There is a $500-per-week penalty for each week the project is delayed beyond week 25. In addition, your project team determined that indirect project costs are $2,000 per week. 9 Activity Immediate Predecessor(s) A B C D E F G H I A A, B B D E, F G C. F Normal Time (weeks) 3 10 5 8 a. What would be your target completion week? The target completion week is week (Enter your response as an integer.) 2 8 4 7 9 Normal Cost (S) 5,000 4,000 7,000 7,000 2,000 4,000 2,000 2,000 3,000 Crash Time (weeks) 3 7 4 7 1 6 2 5 8 Crash Cost ($) 5,000 10,000 12.000 12,000 5,000 7.000 8,000 4,000 7,000

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...

See similar textbooks

Similar questions

You are the project manager of the software installation project in Table 7.12. You would like to find the minimum-cost schedule for your project. There is a $1,000-per-week penalty for each week the project is delayed beyond week 25. In addition, your project team determined that indirect project costs are $2,500 per week.a. What would be your target completion week?b. How much would you save in total project costs with your schedule?
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?
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?
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…
Use the project performance metrics, Expected Time to complete (ETC) and Estimate at Completion (EAC) typical and atypical variances, to compute the final cost of a project based on the following data: Cumulative Actual Cost = RM9000 Budget at Completion (BAC) = RM50000 Cumulative Earned Value = RM12500
When using a project triangle to illustrate conflicting priorities, Microsoft suggests that if the problem is in the fixed leg, work on the other two legs. For example, if the project must not exceed the budget and is starting to run over, adjust the schedule, the scope or both. However, if the problem is not related to a fixed leg, the adjustment might have to be in the remaining leg. So, when faced with an inflexible budget (fixed leg) and the schedule is slipping (problem leg), the project scope (remaining leg) might have to be adjusted. Why is explaining this situation to management sometimes a very difficult task for the systems analyst?
You are the project manager of the software installation project in Table. You would like to find the minimum- cost schedule for your project. There is a $1,000-per-week penalty for each week the project is delayed beyond week 25. In addition, your project team determined that indirect project costs are $2,500 per week. a. What would be your target completion week? b. How much would you save in total project costs with your schedule?
Two new Internet site projects are proposed to a young start -up company. Project A will cost $250,000 to implement and is expected to have annual net cash flows of $75,000. Project B will cost $150,000 to implement and should generate annual net cash flows of $52,000. The compnay is very concerned about their cash flow. Using the payback period, which project is better, from a cash flow standpoint?
I also know answer is d, but please explain each and every option why other option are incorrect too. Which of the following statements regarding PERT analysis is true? Each activity has two estimates of its duration. Project variance is the sum of all activity variances. Project standard deviation is the sum of all critical activity standard deviations. Only critical activities contribute to the project variance. none of these is true.
You have collected the data for a Time-Cost CPM Scheduling model analysis. The time is in days and the project "direct costs" are given below. Immediate Normal Crash Normal Crash Activity Predecessor Time Time Cost (Direct) Cost (Direct) A None 3 2 $300 $408 B A 3 3 $100 $100 C A 1 1 $200 $200 D B and C 3 2 $400 $550 E D 2 1 $500 $900 F E 3 3 $200 $200 G F 2 2 $200 $200 The indirect costs for the project are determined on a daily duration basis. If the project lasts 16 days the total indirect costs are $408, 15 days they will be $350, 14 days they will be $200, and 13 days they will be $100. If you crash this project by one day what is the total (i.e., direct and indirect) project cost?
Actual Costs for a project so far are $50,000, and the Estimate to Complete is $50,000. If a project’s Budget at Completion was originally $120,000, what is the Variance at Completion? $50,000 $20,000 -$20,000 $70,000
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?