EBK OM
EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Chapter 18, Problem 14PA

(a)

Summary Introduction

Interpretation: The probability that the project is completed within 33weeks is to be determined.

Concept Introduction:

Project Scheduling is used in Project planning and coordination by using Program Evaluation Review Technique (PERT) and Critical Path Method (CPM). PERT is a network based scheduling procedure. This technique is used to plan, schedule and control different project such as construction works, design installation of system, maintenance work and research and development process.

(a)

Expert Solution
Check Mark

Explanation of Solution

The activity with optimistic, most probable and pessimistic time is tabulated below.

    ActivityOptimistic timeMost Probable TimePessimistic Time
    A456
    B2.533.5
    C678
    D55.59
    E678
    F135
    G81012

Table (1)

The expression for the estimated time is given by,

  te=t0+4tm+tp6

Here, te is the estimated time of an activity, t0 is the optimistic time, tm is the most probable time and tp is the pessimistic time.

The expression for variance is given by,

  Variance=(tpt0)236

The variance and estimated time of each activity is tabulated below.

    ActivityOptimistic timeMost Probable TimePessimistic TimeEstimated TimeVariance
    A45650.111
    B2.533.530.028
    C67870.111
    D55.5960.444
    E67870.111
    F13530.444
    G81012100.444

Table (2)

Calculate z value to find the probability of meeting a 33weeks deadline.

  z=33321.69=11.3=0.769

Refer probability distribution table.

For z0.769 .

  P(z0.769)=0.77935 .

Hence, the probability that the project is completed within 33weeks is 0.77935 .

(b)

Summary Introduction

Interpretation: The probability that the project is completed within 30weeks is to be determined.

Concept Introduction:

Project Scheduling is used in Project planning and coordination by using Program Evaluation Review Technique (PERT) and Critical Path Method (CPM). PERT is a network based scheduling procedure. This technique is used to plan, schedule and control different project such as construction works, design installation of system, maintenance work and research and development process.

(b)

Expert Solution
Check Mark

Explanation of Solution

The activity with optimistic, most probable and pessimistic time is tabulated below.

    ActivityOptimistic timeMost Probable TimePessimistic Time
    A456
    B2.533.5
    C678
    D55.59
    E678
    F135
    G81012

Table (1)

The expression for the estimated time is given by,

  te=t0+4tm+tp6

Here, te is the estimated time of an activity, t0 is the optimistic time, tm is the most probable time and tp is the pessimistic time.

The expression for variance is given by,

  Variance=(tpt0)236

The variance and estimated time of each activity is tabulated below.

    ActivityOptimistic timeMost Probable TimePessimistic TimeEstimated TimeVariance
    A45650.111
    B2.533.530.028
    C67870.111
    D55.5960.444
    E67870.111
    F13530.444
    G81012100.444

Table (2)

Calculate z value to find the probability of meeting a 30weeks deadline.

  z=30321.69=21.3=1.539

Refer probability distribution table.

For z1.539 .

  P(z1.539)=0.06178 .

Hence, the probability that the project is completed within 30weeks is 0.06178 .

(c)

Summary Introduction

Interpretation: The probability that the project is completed within 35weeks is to be determined.

Concept Introduction:

Project Scheduling is used in Project planning and coordination by using Program Evaluation Review Technique (PERT) and Critical Path Method (CPM). PERT is a network based scheduling procedure. This technique is used to plan, schedule and control different project such as construction works, design installation of system, maintenance work and research and development process.

(c)

Expert Solution
Check Mark

Explanation of Solution

The activity with optimistic, most probable and pessimistic time is tabulated below.

    ActivityOptimistic timeMost Probable TimePessimistic Time
    A456
    B2.533.5
    C678
    D55.59
    E678
    F135
    G81012

Table (1)

The expression for the estimated time is given by,

  te=t0+4tm+tp6

Here, te is the estimated time of an activity, t0 is the optimistic time, tm is the most probable time and tp is the pessimistic time.

The expression for variance is given by,

  Variance=(tpt0)236

The variance and estimated time of each activity is tabulated below.

    ActivityOptimistic timeMost Probable TimePessimistic TimeEstimated TimeVariance
    A45650.111
    B2.533.530.028
    C67870.111
    D55.5960.444
    E67870.111
    F13530.444
    G81012100.444

Table (2)

Calculate z value to find the probability of meeting a 35weeks deadline.

  z=35321.69=31.3=2.308

Refer probability distribution table.

For z2.308 .

  P(z2.308)=0.99134 .

Hence, the probability that the project is completed within 35weeks is 0.99134 .

(d)

Summary Introduction

Interpretation: The probability that the project is completed within 32weeks is to be determined.

Concept Introduction:

Project Scheduling is used in Project planning and coordination by using Program Evaluation Review Technique (PERT) and Critical Path Method (CPM). PERT is a network based scheduling procedure. This technique is used to plan, schedule and control different project such as construction works, design installation of system, maintenance work and research and development process.

(d)

Expert Solution
Check Mark

Explanation of Solution

The activity with optimistic, most probable and pessimistic time is tabulated below.

    ActivityOptimistic timeMost Probable TimePessimistic Time
    A456
    B2.533.5
    C678
    D55.59
    E678
    F135
    G81012

Table (1)

The expression for the estimated time is given by,

  te=t0+4tm+tp6

Here, te is the estimated time of an activity, t0 is the optimistic time, tm is the most probable time and tp is the pessimistic time.

The expression for variance is given by,

  Variance=(tpt0)236

The variance and estimated time of each activity is tabulated below.

    ActivityOptimistic timeMost Probable TimePessimistic TimeEstimated TimeVariance
    A45650.111
    B2.533.530.028
    C67870.111
    D55.5960.444
    E67870.111
    F13530.444
    G81012100.444

Table (2)

Calculate z value to find the probability of meeting a 32weeks deadline.

  z=32321.69=01.3=0

Refer probability distribution table.

There is no value for z=0 .

Hence, the probability that the project is completed within 32weeks cannot be determined.

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Students have asked these similar questions
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…
please help, project management   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?
please help, project management 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 references.
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