(3) A project was planned using PERT. Its expected completion time was determined to be 85 days. The variance ofthe critical path is 49. What is the probability the project will be completed within 75 days (5 decimal places)? LetX= the project completion time.PIXPlease show how you use the Normal Curve Table to obtain your answer in the space below.(4) Perform a project management analysis for the data given below to determine ES, EF, LS, LF, and slack for eachactivity, the total project completion time, and the critical path.ActivityE12FB10GC.E9HD, F(a) Draw a network with 1, ES, EF, LS, and LF (follow the same format as Figure 11.5 on p.394),BсActivity Time (weeks) PredecessorsABсDDEFG13(b) Complete the following table (similar in format to Table 11.3 on p.396),Activity Time (weds) ESEFLSAAATime (weeks) PredecessorsB(c) Identify the critical path(s):(4) Based on your analysis, the project completion time is:LF111317SlackCritical?weeks and the least critical activity is:

In project management, the critical path is the longest sequence of tasks that must be completed in…

Answered: (3) A project was planned using PERT.…

Practical Management Science

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ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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(i) Project's standard deviation is the square root of the variance. Write a formula in cell F48 to compute the project's standard deviation.(j)The earliest finish time for the last activity is the Project's duration. Write a formula in cell F50 to compute the project's duration. (Hint: You have to only refer to the cell range)We would like to use the variance information to compute the probability that the entire project will be complete in 35 days. Screenshot attached thank you!! z
Integrated Health was a large private, nonprofit health care system located in Tempe,Arizona. A year ago, the decision was made to implement a computerized medication administration record (MAR) at Integrated Health. During the first year, the MAR system would be implemented at Central Hospital of Tempe. After the “bugs” were worked out, the computerized MAR would be implemented system-wide. The MIS department at Central Hospital was designated as the initiator and direction setter for the project. Art Smith, the Chief Information Officer at Central Hospital assigned Kate Cohen, a programmer/analyst, as project leader. Kate had the responsibility for developing and implementing the MAR project at Central. Kate did the programming work for the MAR and assembled a team from Pharmacy Services, Nursing Services, and Internal Auditing. Members of the project team provided feedback on the software, made suggestions related to user training, and worked on an implementation schedule. Both team…
You are the project manager of the NHQ Project, which is part of the HQQ Program to construct a condominium building. Samuel, the program manager, has required that you document any variances to costs, schedule, scope, and quality expectations as part of the program governance. You believe that your project team now has an internal failure cost that needs to be documented for Samuel. Which of the following is an example of internal failure cost? Group of answer choices Project team training Rework Random quality audits Quality audits
Recently, you were assigned to manage a project for your company. You have constructed a network diagram depicting the various activities in the project (shown below to the right). In addition, you have asked your team to estimate the amount of time that they would expect each of the activities to take. Their responses are shown in the following table: D ew an example Activity A B с D Get more help. E Optimistic 4 5 4 1 Time Estimates (days) Most Likely 8 8 5 4 3 a. What is the expected completion time of the project? The expected completion time is days. (Enter your response as an integer.) 8 Pessimistic 12 12 7 5 MacBook Pro 9 Start + B D ( Finish A Q Q Clear all Check answer +
An interval estimate is typically preferred to a point estimate because
Consider the office renovation project data in the following table. A "zero" time estimate means that the activity could take a very small amount of time and should be treated as a numeric zero in the analysis. Click the icon to view the table. a. Based on the critical path, find the probability of completing the office renovation project by 40 days. Refer to the standard normal table. (Make sure to round all intermediate calculations for to and variance to two decimal places.) The probability is . (Enter your response rounded to four decimal places.)
(g) Using the IF function, write a formula in J38 to display "Yes" if the activity is critical and display "No" if the activity is not critical. Copy the formula to cells J39:J44.To calculate the entire project's variance, we simply add variance for activities on the critical path. Screenshot attached tahnks!!!
14 The expected activity time in PERT analysis is calculated as: Select one: a. the sum of the activity variances, divided by six. b. the sum of the optimistic, pessimistic, and most likely times. c. the sum of the optimistic, pessimistic, and most likely times, divided by six. d. the simple average of the optimistic, pessimistic, and most likely times. e. the weighted average of a, m, and b, with m weighted 4 times as heavily as a and b.
A project costs $360,000 initially and will generate project cash flows of $50,000 every year for 8 years. The required return for the project is 9%. What is the NPV of the project (in $)? p+ decimals Submit
You are the project manager of a project that has $142590 as the budget at completion. 65% of the work was planned to be completed at the end of month seven but only 53% has been completed as at today with an actual cost of $78352. The project's Estimate To Completion (ETC) is closest to? 104223 Skip this question to avoid any negative score! None of the given answers 52111 O 138964 • 69482
Return on Investment refers to the time it takes for the organization to recover its investment in the project before it starts accumulating profit. Select one: a. False O b. True
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 45-week completion date requested by the owner. The Mueller project manager prepared the following project network. Start A B F H 0 D E Finish Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows. Activity Optimistic Most Probable A 4 8 Pessimistic 12 B 6 7 8 C 6 12 18 D 3 5 7 E 6 9 18 F 5 8 17 G 10 15 20 H 5 6 13

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