Use the information contained below to compress one time unit per move usingthe least cost method. Reduce the schedule until you reach the crash point ofthe network. For each move identify what activity(s) was crashed the adjustedtotal cost.EatingActACrash Cost (Slope)Maximum Crash TimeNormal TimeNormal Cost00100100888282150120013200220013150A1xB3D3FInitialproject duration 123E44Totaldirect cost $

Approach to solving the question: Step by step Detailed explanation: Paths in the project with their…

Answered: Use the information contained below to…

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...

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A project consists of Six activities: A,B,C,D, E, F. A and B have no preceding activities, but activity C requires that activity B must be completed before C can begin. Activity D cannot start until both activities A and B are complete. Activity F can start any time. Activity E requires activities A and C to be completed before it can start. If the activity times are A: 10 days; B: 4 days; C: 8 days; D: 3 days, E = 2 days, and F: 1 day, * Find out the minimum time possible to complete this project. * Are there any critical path activities? Which one are those?
Which activities are noncritical or can be delayed? (You must also complete the table below) Note: to means optimistic time , tm means most likely time , tp pessimistic time, and te means expected activity time estimate.
Consider the project network pictured. Assume that the timesattached to each node are the means and the variances of the project completion times, respectively.a. Identify all paths from nodes 1 to 6.b. Which path is critical based on the expected completion times?c. Determine the probability that the project is completed within 20 weeksassuming that the path identified in part (b) is critical.d. Using independence of paths A–C–E and B–F–G only, recompute the answer to part (c).e. Recompute the answer to part (c) assuming independence of the paths identified in part (a).f. Which answer, (c), (d), or (e), is probably the most accurate?
An IT company must complete a project with the following tasks listed A to G. ACTIVITY NORMAL DURATION (DAYS) CRASHED DURATION (DAYS) NORMAL COST ($) CRASHED COST ($) A 7 5 500 900 B 4 2 400 600 C 5 5 500 500 D 6 4 800 1000 E 7 4 700 1000 F 5 2 800 1400 G 6 4 800 1600 The following are all the paths in the project from start to end and the durations of each: A-B-E-G : 24 days A-C-E-G : 25 days A-C-F-G : 23 days A-D-F-G : 24 days Develop a crashing schedule to show which activities should be crashed to crash the project by 4 days and the lowest cost of doing so.
Assume that the activities in Problem 3.11 have the following costs to shorten: A, $300/week; B, $100/week; C, $200/ week; E, $100/week; and F, $400/week. Assume also that you can crash an activity down to 0 weeks in duration and that every week you can shorten the project is worth $250 to you. What activities would you crash? What is the total crashing cost? Note: The attached photos is the activities in problem 3.11.
Identify and explain at least five (5) project constraints, and explain the working of the triple constraint model of project management. make the word count 600 words
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.
You are the project manager of the BTU AVIC project in Bolgatanga. As a result of the ongoing pandemic, you are responsible to ensure the project does not overly delay among other objectives. Required:a. Discuss five strategies for reducing the critical path of the BTU AVIC project.b. Explain five ways you can resolve the problem of resource allocation on the project. c. Using the Four-Stage Process of risk management discuss how risks could be managed on the ongoing BTU AVIC project. Identify three potential categories of team conflicts and how you will resolve such conflicts
I need a detailed explanation and assistance to solve the this problem: A company decides to plan a project, with activities, precedences and deterministic durations given in the following table: Activity i Duration (days) Immediate Predecessors A 32 none B 21 none C 30 none D 45 A E 26 A, B F 28 C G 20 E, F a) What method should be used? Using only one pseudo-activity, draw the project network, with arcs labeled by the activity name and duration. b) Compute and display in a table the earliest and latest starting and finishing times, as well as slack, for each activity, and identify the critical path(s). C) Draw a Gantt chart of the schedule, based on earliest starting times d) Which activities must be completed by day 60 to ensure that the project is not delayed?
Sometimes, in an effort to control project schedule, it is possible that a project manager may resort to developing a project schedule by starting at the end of a project end date and working back toward the beginning. In doing that, the project manager may attempt to identify and estimate the activities' duration that would eventually add up to the amount of time that the project is estimated to take. While this may seem like a reasonable approach to developing a project schedule, it is possible that using this strategy may substantially decrease the chances that the project will meet its schedule. Do you think this approach to developing a project schedule is the right one to use? Discuss the rationale for your answer. Discuss the reasons why this approach could substantially decrease the chances of the project meeting its schedule.
I need assistance with the following questions in: Project Scheduling. This is a follow up to a question answered earlier. Question 1) was answered. 1) A company decides to plan a project, with activities, precedences and deterministic durations given in the following table: Activity i Duration (days) Immediate Predecessors A 32 none B 21 none C 30 none D 45 A E 26 A, B F 28 C G 20 E, F 2) 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.…
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…

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