OPERATIONS MANAGEMENT LL PACKAGE
11th Edition
ISBN: 9781323592632
Author: KRAJEWSKI
Publisher: Pearson Custom Publishing
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 7, Problem 13P
The Advanced Tech Company has a project to design an integrated information database for a major bank. Data for the project are given in Table 7.6. Indirect project costs amount to $300 per day. The company will incur a $150 per day penalty for each (lay the project lasts beyond day 14.
- What is the project’s duration if only normal times are used?
- What is the minimum-cost
schedule ? - What is the critical path for the minimum-cost schedule?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Please do not give solution in image formate thanku
Your project is to paint a 20-storey building with 4 paints and your budget is $20,000/floor and your estimate is to complete the project in 20 months. How does earned value give a clearer picture of project schedule and cost status than a simple plan versus an actual system? Please keep your answer within 300 words.
Please Answer the following questions:- How does earned value give a clearer picture of project schedule and cost status than a simple plan versus actual system?- Schedule variance (SV) is in dollars and does not directly represent time. Why is it still useful?- In month 9 the following project information is available: actual cost is $2,000, earned value is $2,100, and planned cost is $2,400. Compute the SV and CV for the project.- On day 51 a project has an earned value of $600, an actual cost of $650, and a planned cost of $560. Compute the SV, CV, and CPI for the project. What is your assessment of the project on day 51?
Project # SR 55H has finished 13 months of a 24 month planned schedule. You are given the metrics below: What is the project status?
Budget for the program = $55,000; EV (cumulative) = $27,500; AC (cumulative) = $25,225
a. There appear to be no problems, the project could finish slightly under plan. b. The project is behind schedule, but will finish on time if they are about 12.5% more efficient. c. The Project now is ahead of plan, but might have a problem in finishing on time. d. The Project is in trouble and the team needs to be about 9% more efficient to finish on original plan. e. You cannot tell based on the metrics above. f. You have no idea what to say; they asked the wrong person.
Chapter 7 Solutions
OPERATIONS MANAGEMENT LL PACKAGE
Ch. 7 - One of your colleagues comments that software is...Ch. 7 - Explain how to determine the slack for each...Ch. 7 - Define risk as it applies to projects. What are...Ch. 7 - Consider the following data for a project to...Ch. 7 - The following information is known about a project...Ch. 7 - A project for improving a billing process has the...Ch. 7 - Prob. 4PCh. 7 - Prob. 5PCh. 7 - Prob. 6PCh. 7 - Prob. 7P
Ch. 7 - Prob. 8PCh. 7 - Prob. 9PCh. 7 - The following information concerns a project to...Ch. 7 - Consider a project to produce custom door moldings...Ch. 7 - Table 7.5 contains information about au...Ch. 7 - The Advanced Tech Company has a project to design...Ch. 7 - Prob. 14PCh. 7 - Prob. 15PCh. 7 - Prob. 16PCh. 7 - Prob. 17PCh. 7 - Prob. 18PCh. 7 - Prob. 19PCh. 7 - Prob. 20PCh. 7 - Recently, you were assigned to manage a project to...Ch. 7 - In Solved Problem 2, estimate the probability that...Ch. 7 - The director of continuing education at Bluebird...Ch. 7 - Gabrielle Kramer, owner of Pet Paradise, is...Ch. 7 - The project manager of Good Public Relations...Ch. 7 - Consider the office renovation project data in...Ch. 7 - Activity B and activity K are critical activities....Ch. 7 - Prob. 2AMECh. 7 - Prob. 3AMECh. 7 - Prob. 4AMECh. 7 - Prob. 5AMECh. 7 - Assess the four categories of a risk-management...Ch. 7 - Prob. 2VCCh. 7 - Assume you are Denise Tower and have...Ch. 7 - Prob. 1CCh. 7 - Prob. 2CCh. 7 - Prob. 3CCh. 7 - Prob. 4C
Additional Business Textbook Solutions
Find more solutions based on key concepts
The flowchart for the process at the local car wash. Introduction: Flowchart: A flowchart is a visualrepresenta...
Principles Of Operations Management
What are the three major business functions, and how are they related to one another? Give specific examples.
Operations Management, Binder Ready Version: An Integrated Approach
2. Identify four people who have contributed to the theory and techniques of operations management.
Operations Management
There is a huge demand in the United States and elsewhere for affordable women’s clothing. Low-cost clothing re...
Operations Management
Feeding America Each year, the Feeding America network helps provide food to more than 46 million people facing...
Operations and Supply Chain Management 9th edition
2. In what circumstances might a market-pull approach or a technology-push approach to new-product design be th...
OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- 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?arrow_forwardYou may need to use the appropriate technology to answer this question. Mueller & Associates is a urban planning firm that is designing a new public park in an Omaha suburb. Coordination of the architect and subcontractors will require a major effort to meet the 43-week completion date requested by the owner. The Mueller project manager prepared the following project network. A project network with 10 activities and 14 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B, to activity C, and to activity D. Activity B is connected to activity F. Activity C is connected to activity E and to activity F. Activity D is connected to activity E. Activity E is connected to activity G and to activity Finish. Activity F is connected to activity G and to activity H. Activity G is connected to activity H. Activity H is connected to activity Finish. Activity Finish has no arcs directed to other activities. Estimates of the optimistic, most…arrow_forwardYou may need to use the appropriate technology to answer this question. Mueller & Associates is a urban planning firm that is designing a new public park in an Omaha suburb. Coordination of the architect and subcontractors will require a major effort to meet the 43-week completion date requested by the owner. The Mueller project manager prepared the following project network. A project network with 10 activities and 14 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B, to activity C, and to activity D. Activity B is connected to activity F. Activity C is connected to activity E and to activity F. Activity D is connected to activity E. Activity E is connected to activity G and to activity Finish. Activity F is connected to activity G and to activity H. Activity G is connected to activity H. Activity H is connected to activity Finish. Activity Finish has no arcs directed to other activities. Estimates of the optimistic, most…arrow_forward
- Please help in deatils to find the correct answers Mueller & Associates is a urban planning firm that is designing a new public park in an Omaha suburb. Coordination of the architect and subcontractors will require a major effort to meet the 43-week completion date requested by the owner. The Mueller project manager prepared the following project network. A project network with 10 activities and 14 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B, to activity C, and to activity D. Activity B is connected to activity F. Activity C is connected to activity E and to activity F. Activity D is connected to activity E. Activity E is connected to activity G and to activity Finish. Activity F is connected to activity G and to activity H. Activity G is connected to activity H. Activity H is connected to activity Finish. Activity Finish has no arcs directed to other activities. Estimates of the optimistic, most probable, and…arrow_forwardProject scope (Per Chapter 4, this should be more detailed than the proposal scope)a. Project Objectivesb. Customer Requirementsc. Project Statement of Work (Tasks)d. Project Deliverablese. Project Acceptance/Success Criteria2. Provide Estimated Number of Workers Needed to Complete Project and their responsibilitiesa. Develop fictional people with professions needed to complete the project3. Provide a Task List/Work Breakdown Structure to divide the project into piecesa. Use graphical structure from pages 114-115 in text 4. Provide a Network Diagram for your project with estimated activity durations for each step. 5. Using a Project Schedule similar to page 161 in the text, provide a schedule for the project if wewere to start on June 1st, i.e. estimated time to completion and time to complete various tasksa. Need Earliest Start/Finish and Latest Start/Finish Calculations, and Slackb. Identify the Critical Path in your project6. Provide any risks that your team believes the…arrow_forwardMy project is to build the Army's new ACFT test. This project will take two years to complete. Initial Investment will be 75,000. The start date is 8 November 2023. The PT test would consist of running 6 lanes and then a two mile run . We would have to obtain all the equipment before transferring over but we also need a testing phase. After testing phase we need PT graders then implement of the new PT test. Part 1: Project Scope Create a Project Scope for your project. You can follow the examples in your textbook. For this project the following items are necessary in the Scope Statement: · Project Objective · Project Deliverables · List several milestones · Technical Requirements · Project Constraints or Limits · Ethical and Social Responsibility considerations · Customer review (The name of your Instructor) Part 2: WBS Next create the Work Breakdown Structure (WBS) for your project. You will need to have at least 20 tasks. You should break the work down to a level…arrow_forward
- I just need help with D AND E Please!! The answer that i have for D was wrong and cant figure it out. You may need to use the appropriate technology to answer this question. Mueller & Associates is a urban planning firm that is designing a new public park in an Omaha suburb. Coordination of the architect and subcontractors will require a major effort to meet the 43-week completion date requested by the owner. The Mueller project manager prepared the following project network. A project network with 10 activities and 14 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B, to activity C, and to activity D. Activity B is connected to activity F. Activity C is connected to activity E and to activity F. Activity D is connected to activity E. Activity E is connected to activity G and to activity Finish. Activity F is connected to activity G and to activity H. Activity G is connected to activity H. Activity H is connected to…arrow_forwardYou own a software development company that has been hired to build an online classified ads website (refer to Craigslist.com as an example). Managing Systems Projects Review “What Is a Project Triangle?” . Consider the scenario outlined above, and in your own words: provide a hypothetical example of changes in cost impacting scope & time. provide a hypothetical example of changes in scope impacting time & cost. Provide a hypothetical example of changes in time impacting cost & scope. Identify and list ten different information systems tasks that will need to be completed for this project. Estimate the duration for each of these tasks (in days). Identify any task dependencies. Create a Gantt chart that represents these project tasks, durations, and dependencies. Illustrate the critical path in your Gantt chart. Explain why the critical path is important to project managers and how they use it.arrow_forwardProject Managent 4. Discuss in detail the Project Life Cycle for a typical project explaining each cycle. Use examples/diagrams to illustrate your answer.arrow_forward
- how can a cybersecuruty program schedule activities and acquire the resources required for those activities while considering both resource availability and the project timeline?arrow_forwardAccording to EDUCBA, "A project is a collaborative set of operations, involving research or design that is carefully planned to achieve a certain objective" (n.d., para. 1). In order to manage a project, a detailed process known as the project life cycle is often followed. The Painting at JWU Project is a practical project that will guide you through the typical phases in the Project Life Cycle. There are 5 Project Life Cycle phases that you will apply to the Painting at JWU Project as outlined below: Phase 1: Initiation Phase 2: Planning Phase 3: Execution Phase 4: Monitoring & Controlling Phase 5: Closure Scenario: To start, let's look at Phase 1: Initiation. Pretend that you are the owner of a company that performs interior painting services. You will be attending a bidders' conference at Johnson & Wales University where you will receive more detailed information about the classroom painting project. At this point, your goal is to gather information about the project…arrow_forwardI need a detailed explanation and assistance on how to solve this problem: The company decided that the project in the previous problem has to be expedited in order to optimize (minimize) the project cost. Expediting can be used to trade direct cost for indirect cost, since expediting the project reduces the indirect cost of the project by a fixed amount per day, while expediting an activity increases its total direct cost. The Accounting Department found that indirect costs amount to $100 per day, while activity direct costs as well as their normal and expedited times are given in the table below. Activity Normal Time (days) Expedited Time (days) Normal Cost ($) Expedited Cost ($) A 32 26 200 500 B 21 20 300 375 C 30 30 200 200 D 45 40 200 800 E 26 20 700 1,360 F 28 24 1,000 1,160 G 20 18 400 550 From this table you can compute the direct cost incurred by expediting an…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY