AProjectACTIVITY2-32-43-54-54-6SLo6hus77-87-98-109-10ⒸfindConstructfind thethe following Chorracteristics:OPTIMISTICthe1133462513thePESSIMISTICnetwork554+766837MOST LIKELY34435465Critical path and Variance for each Eventat 95% probabilitydurationProject

A network diagram is a visual representation which helps to calculate the project duration and…

Answered: A Project ACTIVITY 2-3 has 3-5 4-5 4-6…

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) Lucy is in charge of planning and coordinating a project. Following is the activity information for this project. Time (weeks) Activity Preceded By Optimistic Most Likely Pessimistic A -- 2 2 4 B A 8 12 16 C A 4 8 12 D B,C 2 4 6 E B 4 6 8 F A 2 4 6 G D 2 4 6 H G 2 4 6 I E,F,H 2 2 2 (a) Construct a precedence diagram. (b) Identify the Critical Path(s) and the expected completion time. (c) What is the probability that the training program can be completed in 26 weeks?
The manager of the Oak Hills Swimming Club is planning the club’s swimming team program. The first team practice is scheduled for May 1. The activities, their immediate predecessors, and the activity time estimates (in weeks) are as follows: Activity Optimistic Most Probable Pessimistic Immediate Predecessors A 1 2 3 - B 4 6 8 A C 2 4 6 A D 1 2 3 B, C E 2 3 4 B F 1 2 3 A G 1 2 3 D H 1 2 3 G I 1 1 1 E, H, F A. Draw a project network for this problem. B. Fill in all the blanks in the following table. Note: For variance (σ2) in activity time, keep two decimal places. Activity Expected Time t (weeks) Variance σ2 ES EF LS LF Slack Critical Path? A B C D…
The expected times and variances for the project activities are given below, critical path is A-D-F-H. What is the probability of the completing the project in 31 periods? ID A B C D E F G H Description Pilot production Select channels of distribution Develop program Test market Patent Full production Ad promotion Release 55% 77% 88% 66% Predecessor None None None A A D C B,E,F,G 6 7 4 4 10 16 3 2 Variance [(b-a)/6]2 3 4 2 2 5 10 2 1
0 1 11. Given the time-phased work packages and network, complete the baseline budget form for the project. Soccer Toy Project 3 Order parts Design prototype 2 2 Build prototype Prepare production Assemble & test 2 3 Legend ES ID EF 5 SL Description Prepare marketing LS DUR LF 5 Soccer Toy Project Cost by Week ($000) +1-2-3-4-5 Design prototype Build prototype Order parts 12 10 10 10 5 5 Prepare production 16 10 22 Prepare marketing 6 6 о 6 12 Assemble & test 18 18 Launch 12 Time-phased Budget ($000) Week 1 2 5 6 8 11 12 13 Budget Design prototype 24 Build prototype 30 10 ° Order parts Prepare 64 prod'n Prepare market'g 30 Assemble 36 & test Launch Total 206 Cumulative Launch
The manager of the Oak Hills Swimming Club is planning the club’s swimming team program. The first team practice is scheduled for May 1. The activities, their immediate predecessors, and the activity time estimates (in weeks) are as follows: Activity Optimistic Most Probable Pessimistic Immediate Predecessors A 1 2 3 - B 4 6 8 A C 2 4 6 A D 1 2 3 B, C E 2 3 4 B F 1 2 3 A G 1 2 3 D H 1 2 3 G I 1 1 1 E, H, F a. Draw a project network for this problem. b. Fill in all the blanks in the following table. c. What is the expected time and variance to complete the project? Note: For variance (σ2) in activity time, keep two decimal places. Activity Expected Time t (weeks) Variance σ2 ES EF LS LF Slack Critical Path? A B C…
Q2: A company invested an amount of $85,000 to implement a project, and the expected receipts from this project during the 5 years were as follows: End the year 11/ 2 $25,000 Receipts() $10,000 3 $35,000 4 $45,000 5 $30,000 Find I.R.R and determine if the project is desirable or not If the MARR was 16%?
6. Suppose you are given the following data for a project: Activity Expected Activity Time (in days) ABCDEFGH F 24 24 30 Variance 2.1 2.8 1.8 H What is the probability the project will take less than 80 days? a. 2.5% b. 16% c. 84% d. 97.5% e. 99.85% I Critical Path Z 27 7 N

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