Using the following project informationOptimistic TimeEstimate(weeks)ActivityABсDEFI GHJ22.353424742The critical path is A-C-E-G-I-J.Most Likely TimeEstimates (weeks)347in in un c07357Pessimistic TimeEstimates (weeks)558713968103GHIJActivity A BCDEVariance 0.25 0.20 0.25 0.44 2.25 1.36 0.11 0.03 1.00 0.03ImmediatePredecessor(s)noneAAB, CB. CDܗ ܒ ܘ ܫH.I(a) Calculate the probability that the project will be completed in 31 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.)P(project ≤ 31) -(b) Calculate the probability that the project will be completed in 34 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.)P(project = 34)-

ActivityOptimistic timeMost likely time Pessimistic timeImmediate…

Answered: (a) Calculate the probability that the…

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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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 42-week completion date requested by the owner. The Mueller project manager prepared the following project network. Start Activity A B C D E F G Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows. H 4 6 6 Optimistic Most Probable 3 6 5 A 10 5 8 7 12 5 9 8 B 15 C 6 D Pessimistic 12 8 18 7 18 17 20 F 13 E G H Finish (ii)
Which of the following statements regarding PERT analysis is TRUE? Select one: O a Project variance is the sum of all activity variances. O b. Project standard deviation is the sum of all critical activity standard deviations. O c. Each activity has two estimates of its duration. O d. Only critical activities contribute to the project variance
IT PROJECT MANAGEMENT:EX 2.4 You have a project to be completed in 12 months, and the budget of the project is R100, 000. 6 months have passed, and R60, 000 has been spent., but on closer view you find that only 40% of work has been completed so far. Given in question : Actual cost (AC) =R60 000 Earned Value (EV) =40% of R100 000 =R40 000 Find the project's cost varience (CV) and determine if you are under budget or over budget.
Finance Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Do not provide Excel Screet shot rather use tool table Answer completely.
If hand written ...i'll rate....plz solve it fast... Hand written plz
EX8-14 (Algo) Given the time-phased work packages... Given the time-phased work packages and network, complete the baseline budget form for the project. 0 0 0 A 3 Design 3 3 A Design prototype B Build prototype C Order parts Legend ES ID EF SLK Descrip LS DUR LF ID A B C D E F G D Prepare production E Prepare marketing F Assemble and test G Launch Total 3 0 B 5 Build 3 2 5 Budget Cumulative 21 12 17 62 32 36 12 192 Soccer Toy Project Cost By Week ($000) 3 5 12 20 5 2 10 0 14956682 1 10 2 2 4 18 18 5 0 1 6 5 0 5 5 1 6 ... C 8 с Order 3 9 D 9 Prod. 4 9 E 10 Mktg 5 11 8 22 16 4 6 0 0 0 0 0 0 Enter the appropriate values in the truncated portion of the budget form shown below. 4 5 0 Enter the appropriate values in the truncated portion of the budget form shown below. 0 0 0 0 0 12 Time Periods 8 9 F 11 0 Assy. 9 2 11 9 11 0 11 10 G 12 Launch 1 12
c. Draw a Gantt chart for this project based on the earliest times
B and C are incorrect.
1. Relate the project management lifecycle to the application development of a house cleaning service. 2. Identify and develop a PowerPoint presentation on what happens at each phase of the project management lifecycle of application development of a house cleaning service. 3. Ensure you cover the ket aspects such as: i.Initiating process ii. Planing process iii. Executing process iv. Monitoring and controlling process v. Closing process
The ideal outcome of the planning process group is to complete a project successfully by delivering the agreed-upon project scope within time, cost, and quality constraints Select one: True False Initiating involves developing a project charter, which is part of the project ______ management knowledge area. Select one: a. scope b. risk c. communications d. integration Estimate activity resources output Select one: a. Activity list, activity attributes, milestone list, project management plan updates b. Project schedule network diagrams, project documents updates c. Activity resource requirements, resource breakdown structure, project documents updates d. Schedule management plan As time progresses, the scope of a project should become ... Select one: a. more clear and specific b. more vague c. more ambiguous d. more difficult
The expected number of days to completion for a different project is E(x) = 3.32 The variance of days to completion is var(x) = 1.22 The project cost involves A fixed cost (in thousands of dollars) of FC = $83.783 A variable cost for each day taken to complete the project ($000) VC = $9.774 14 The expected value of the project cost is $_______ thousand. a 109.364 b 112.746 c 116.233 d 119.828
Give an explanation of how earned value management (EVM) may be used to keep expenses under control and monitor the overall effectiveness of a project, and then hypothesise as to why it is not utilised more often. How can one determine if the data for cost variation, schedule variance, cost performance index, and schedule performance index are healthy or unhealthy? What are some basic rules of thumb?

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(a) Calculate the probability that the project will be completed in 31 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.) P(projects 31) - (b) Calculate the probability that the project will be completed in 34 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.) P(project ≤ 34)-