What is the cost to finish this project (all activity durations are in weeks and costs in USdollars) as quickly as possible?NormalActivity Predecessor Time125914497118ABCDEFGHIAAB, CBDEF, GHMinimum NormalCost10001200150018001400100070020001100Time10371038586Crash Cost150019502100210018751450120030001700Answer: The initial project duration is 63 weeks thanks to the valuable contributions of pathACDFHI. Path ABEGHI is 47 weeks and path ABDFHI is 59 weeks long. The base project costis $11,700.Purchases from least expensive to most expensive are as follows:Activity D reduced 4 days for $300Activity A reduced 2 days for $500Activity C reduced 2 days for $600Activity I reduced 2 days for $600Activity H reduced 3 days for $1,000Activity F reduced 1 day for $450The new project length is 49 days with path lengths of ACDFHI-49; ABEGHI=40; andABDFHI=45. The total project cost is now $15,150.

Find the Given details below: Activity Predecessor Normal Time (NT) (Weeks) Normal cost (NC) ($)…

Answered: What is the cost to finish this project…

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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1.What’s the maximum amount of time that activity F can be delayed without delaying the whole project? (Whole number, no space, no commas, no decimal value). 2. What’s the maximum amount of time that activity D can be delayed without delaying the whole project? (Whole number, no space, no commas, no decimal value). 3.What’s the maximum amount of time that activity C can be delayed without delaying the whole project? (Whole number, no space, no commas, no decimal value). 4. What’s the earliest expected time, in months, to finish the project? (Whole number, no space, no commas, no decimal value).
1. What’s the maximum amount of time that activity G can be delayed without delaying the whole project? (Whole number, no space, no commas, no decimal value). 2.What’s the maximum amount of time that activity A can be delayed without delaying the whole project? (Whole number, no space, no commas, no decimal value) 3. What’s the maximum amount of time that activity H can be delayed without delaying the whole project? (Whole number, no space, no commas, no decimal value)
My 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…
Based on the given scenario below, determine the common problems in project scheduling then explain howeach mistake can affect the project. 1. Client: “We want a completed project by next month.”You: “Can you give us some details about exactly what you need in the project deliverable?”Client: “You understand what we want. Just deliver that.” 2. You: “Ok, team. Phase 1 is due by next Monday. It is important. Let’s do it.” No further information. 3. You: “How long will it take to finish phase 1?”Team member: “I don’t know. Maybe 3 days.”You: “Sounds good!” 4. Client: “I know you said you won’t be done with this phase until Monday, but we really need it byThursday. What do you have to do to get it to us by then?”You (checking plan which shows this is impossible): “I really don’t think we can do that”Client: “Just get it done.”You: “Ok”. 5. Client: “When will the project be done?”You: “If everything goes according to plan, we will have the project complete in 3 weeks. So…3 weeks.” 6.…
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.
Your project to obtain charitable donations is now 30 days into a planned 40-dayproject. The project is divided into 3 activities. The i rst activity is designed to solicitindividual donations. It is scheduled to run the i rst 25 days of the project and to bring in $25,000. Even though we are 30 days into the project, we still see that we have only 90 percent of this activity complete. The second activity relates to company donations and is scheduled to run for 30 days starting on day 5 and extending through day 35. We estimate that, even though we should have 83 percent (25y30) of this activity complete, it is actually only 50 percent complete. This part of the project was scheduled to bring in $150,000 in donations. The i nal activity is for matching funds. This activity is scheduled to run the last 10 days of the project and has not started. It is scheduled to bring in an additional $50,000. So far $175,000 has actually been brought in on the project. Calculate the schedule…
Project 1-3: Creating a Project Schedule for Hiring a New EmployeeIn this project, you will create a project schedule for the process of hiring a new employee for your department. GET READY. OPEN a new blank project schedule. Set the project start date to be October 21, 2019.Enter the following tasks and durations:Task DurationWrite job description 2dNotify departmental recruiter 1dPost job internally 5dPost job externally 5dCollect résumés 10dReview résumés 5dSet up interviews 3dConduct interviews 8dSelect candidate 1dMake offer milestoneAssign a finish-to-start relationship to all the tasks.Change the relationship between tasks 3 and 4 to a start-to-start relationship.Auto-fit all the columns and rows.Change all tasks to the Automatically Scheduled mode.Use the statistics button on the Project Information dialog box to determine the current project duration.SAVE the project schedule in the solutions folder for this lesson as Hiring Employee xxd where…
You’re managing a project with a schedule performance index (SPI) of 1.07and a cost performance index (CPI) of 0.94. How would you BEST describethis project?A. The project is ahead of schedule and within its budgetB. The project is behind schedule and within its budgetC. The project is ahead of its schedule and over its budgetD. The project is behind schedule and over its budget Which of the following is the BEST example of a reward system?A. Everyone will get a bonus of $500 if the project meets its quality goals, $500 if itmeets its budget goals, and $600 if it comes in on time.B. The team member who works the hardest will receive $1000C. The five team members who put in the most hours will get a trip to DisneylandD. The team will only get a bonus if the project comes in 50% under budget, scheduleand quality metric goals. Even though the team leads know this goal is unrealistic,they agree that it will motivate the team to work harder”
I 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…
The company decided that the project in the previous problem had to be expedite in order to optimize (minimize) the project cost. Expediting can be used to trade direct cost for indirect cost, since expediting 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 $100 per day, while activity direct costs as well as their normal and expedited times are given in the table below. Activity Duration (Days) Expedited Time (Days) Normal Direct Cost ($) Expedited Direct 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 What is the optimal time to complete the project? What is the optimal project cost?
Discuss why many IT professionals ignore project expenditure management and how this may affect project completion. Explain project budgeting. 2. What's sunk cost? List IT and personal sunk expenses. Why is ignoring them so hard?
What makes cost estimating such a crucial part of project planning? Discuss how it relates to the project timeline and the Work Breakdown Structure.

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