Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 7, Problem 16P
Summary Introduction
Interpretation: Late start time of task C needs to be determined based on the given information.
Concept Introduction:
Late start time refers to the time at which the task can be initiated with a maximum possible delay. However, a late start time does not affect the overall project completion time.
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Calculate the latest start for Task D if one of its successors, Task F, has a latest start on day 9, its other successor, Task E, has a latest start on day 10, and the duration of Task D is 2 days.
A project has a budget of $300,000 and is expected to last 10 months, with the work results and budget spread evenly across all months. The project just completed its 3rd month, the work is on schedule, and $65,000 has been spent. What is the cost variance? How efficient (in %) must work progress be to complete on time and within budget?
There are six processes in the project time management knowledge area. How do these processes interact in the creation of the project schedule?
Chapter 7 Solutions
Practical Operations Management
Ch. 7 - Prob. 1DQCh. 7 - Prob. 2DQCh. 7 - Prob. 3DQCh. 7 - Prob. 4DQCh. 7 - Prob. 5DQCh. 7 - Prob. 6DQCh. 7 - Prob. 1PCh. 7 - Prob. 2PCh. 7 - Prob. 3PCh. 7 - Prob. 4P
Ch. 7 - Prob. 5PCh. 7 - Prob. 6PCh. 7 - Prob. 7PCh. 7 - Prob. 8PCh. 7 - Prob. 9PCh. 7 - Prob. 10PCh. 7 - Prob. 11PCh. 7 - Prob. 12PCh. 7 - Prob. 13PCh. 7 - Prob. 14PCh. 7 - Prob. 15PCh. 7 - Prob. 16PCh. 7 - Prob. 17PCh. 7 - Prob. 18PCh. 7 - Prob. 19PCh. 7 - Prob. 20PCh. 7 - Prob. 21PCh. 7 - Prob. 22PCh. 7 - Prob. 23PCh. 7 - Prob. 24PCh. 7 - Prob. 25PCh. 7 - Prob. 26PCh. 7 - Prob. 27PCh. 7 - Prob. 28PCh. 7 - Prob. 29PCh. 7 - Prob. 30PCh. 7 - Prob. 31PCh. 7 - Prob. 32PCh. 7 - Prob. 1.1QCh. 7 - Prob. 1.2QCh. 7 - Prob. 1.3QCh. 7 - Prob. 1.4QCh. 7 - Prob. 2.1QCh. 7 - Prob. 2.2QCh. 7 - Prob. 2.3Q
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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 have prepared the following schedule for a project in which the key resource is a backhoe. This schedule is contingent on having 3 backhoes. You receive a call from your partner, Brooker, who desperately needs 1 of your backhoes. You tell Brooker you would be willing to let him have the backhoe if you are still able to complete your project in 11 months. Develop a resource schedule to see if it is possible to complete the project in 11 months with only 2 backhoes. Activities 5 and 6 require 2 backhoes, while activities 1, 2, 3, and 4 require 1 backhoe. No splitting of activities is possible.arrow_forwardYou will be a Project Manager soon, How can you practice standards for scheduling? Give example or scenario, and apply the key components of proper scheduling.arrow_forwardSelect the process to which this situation can be related to, where The Project manager finds that the Project is behind the planned schedule and brings in more staff to complete the work so that the project can be delivered on time .arrow_forward
- the budget of a project is $1 million. The actual cost for work performed is currently $700k. The budgetted cost for work performed is $660k. What is the current progress of the project? The budgeted cost for work scheduled is 700k. Is it on schedule?arrow_forwardThis question has no precedence activities details. Therefore you can proceed without precedence activities as consider the project has the sequence of given order. Number of Workdays 5 days weekarrow_forwardWho is responsible for keeping track of the schedule? Project Manager Project Engineer Superintendent Ownerarrow_forward
- All projects utilise several different resources to successfully complete the project successfully tothe customer or sponsors requirements.Resources add another dimension to planning and scheduling. This includes people, materials,equipment, tool, facilities and so forth.The quantity and availability of these resources are often limited and cause project to face risks orconstraints which needs to be managed carefully.With the above statements , differentiate between Resource smoothing and resourcelimited scheduling then to substantiate your answer by providing at least two (2) situations whereresource limited scheduling may occurarrow_forwardTask C is directly preceded by two tasks–task A and task B. Task A has an expected task completion time of five weeks and an ES time of week 6. Task B has an expected task completion time of seven weeks and an ES time of week 7. Task C has an expected task completion time of 10 weeks. The ES for activity C is?arrow_forwardAn updated schedule that shows the present status of the project is called the _____ schedule. Question 17 options: performance index master milestone general conceptual currentarrow_forward
- An activity originally estimated to cost $100,000 and require 30 weeks to complete. Now the activity is on week 10 and $35,000 were spent and is 40% completed. What is the Earned Value for this activity?arrow_forwardAfter the first month of a project, the Actual Cost was $400 and the planned cost for the first month was $500. Currently, only 50% of the work have been completed. Based on this information, calculate the following: a.Earned Value b.Cost Variance c.Schedule Variancearrow_forwardCase Project 3 Case Project: Think of all the tasks that you perform when you purchase a car. Include any research, decisions, or financial issues that relate to the purchase. Create a WBS that shows all the tasks, their estimated duration, and any predecessor tasks.arrow_forward
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