A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seemvery low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70%complete. The planners were expecting to be only57% through the third activity at this time. The first activity involves prepping the sitefor the bridge. It was expected that this would cost $1,427,000 and it was done for only $1,307,000. The second activity was thepouring of concrete for the bridge. This was expected to cost $10,507,000 but was actually done for $9,007,000. The third and finalactivity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,507,000. To date, they havespent $5,007,000 on the superstructure.be runningCalculate the schedule variance, schedule performance index, and cost performance index for the project to date. (Round your"performance index" values to 3 decimal places.)Schedule varianceSchedule performance indexCost performance index

From the above given information, the tabularized form can be done as follows, TASK COST…

Answered: A project to build a new bridge seems…

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 to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 70 percent complete. The planners were expecting to be only 53 percent through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,419,800 and it was done for only $1,299,800. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,499,800 but was actually done for $8,999,800. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,499,800. To date, they have spent $4,999,800 on the superstructure. Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. Note: Round your "performance…
Consider a project that has been modeled as in the table below. Part a) Draw the PERT/CPM network for this project and determine the project’s expected completion time μP and its critical path. Part b) Suppose the standard deviations of the activity durations are σA = 2, σB = 1, σC = 0, σD = 2, σE = 3, and σF = 0. Then please estimate the standard deviation of the overall project’s standard deviation σP . Part c) Suppose for the standard Normal random variable Z, we know P[−1 ≤ Z ≤ +1] ' 68%, P[−2 ≤ Z ≤ +2] ' 95%, and P[−3 ≤ Z ≤ +3] ' 99.7%. Then, approximately what time T is one for which there is only a less than 2.5% chance for the completion time to beat (be shorter than)? *Please answer a-c and type your work and answers or write them neatly please* Thank you
A T= 4 T= 3 F T= 3 T= 3 D E G T= 1 T= 2 T= 2 The network diagram of a project along with the activity durations (T) is given in the figure. Which activities form one of the critical paths? @orsdemir. Copyrighted Content. Cannot be posted. CDEG O ABF О СВF O CF O None of these
This was a three part question. Bartelby helped me get A and B. The picture for Part A is the network diagram and Part B's answer is below for the critical path. My question I need to answer is Part C which is in the second picture. Part B There are the following paths in the project network. A –> B –> D –> G –> J = 2 + 4 + 2 + 3 + 7 = 18 A –> B –> E –> G – >J = 2 + 4 + 1 + 3 + 7 = 17 A –> B –> F –> H –> J = 2 + 4 + 8 + 5 + 7 = 25 A –> C –> F –> H –> J = 2 + 5 + 8 + 5 + 7 = 27 A –> C –> F –> I –> J = 2 + 5 + 8 + 4 + 7 = 26 The longest path in all the possible paths of the project network is A –> C –> F –> H –> J with the longest time. Therefore, the project duration is 27 days.
A large Southeast city is requesting federal funding for a park-and-ride project. One of the requirements in the request application is a network plan for the design phase of the project. Sophie Kim, the chief engineer, wants you to develop a project network plan to meet this requirement. She has gathered the activity time estimates and their dependencies shown here. Description Survey Soils report C Traffic design D Lot layout E Approve design Illumination G Drainage H Landscape I Signage J Bid proposal ID A B The project is expected to take The critical path is: Early start for Activity E is: Late finish for Activity F is: Slack for Activity C is: Predecessor None A A A B, C, D E E E E F, G, H, I Time (days) 13 22 21 a 9 74 20 20 22 17 15 12 days. day(s).
The managers at AllBirds have operations in multiple countries, which operate on different financial management systems. This has been increasingly challenging for the company, so the Justin is looking to consolidate and integrate the financial management across all locations into a single software system that can operate across the national boundaries. This is a new, complicated and lengthy project, so Justin has identified a set of activity categories that will need to be carefully managed, as noted in the table. What is the probability that project can be completed two months early?
The managers at AllBirds have operations in multiple countries, which operate on different financial management systems. This has been increasingly challenging for the company, so the Justin is looking to consolidate and integrate the financial management across all locations into a single software system that can operate across the national boundaries. This is a new, complicated and lengthy project, so Justin has identified a set of activity categories that will need to be carefully managed, as noted in the table. Draw the project network, and compute the expected time and variance for each activity. Develop an activity schedule for this project, compute activity slack time and identify critical path.
The accompanying table shows the activities, times, and sequences required: ACTIVITY IMMEDIATE PREDECESSOR TIME (WEEKS) A 3 B 2 C 4 4 6 6 DEFGHH I ✔A-C-F-G- ? A-B-E-I b. What is the critical path? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) ? A-D-H- ? A-D-F-G- B ✓C c. Suppose you want to shorten the completion time as much as possible, and you have the option of shortening any or all of B. C, D. and G each one week. Which would you shorten? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) ✔A-D-H- A A A B ? A-B-E-I C, D D, F D E, G, H d-1. What is the new critical path? (You may select more than one answer. Single click the box with the question mark to…
The Cove at UP is looking to open a new location. Guillermo Santiago has been developing a project plan and has identified the following tasks, precedence relations, and normal task durations. \ tasks predecessors task duration start 0 A start 7 B A 20 C A 34 D B 39 E C,D 6 F D 15 G E,F 33 end G 0 Guillermo has studied project management at the University of Portland and knows that the starting and ending time of any task may be determined from the information in the table using the critical path method. Assume the following notation when answering the questions below: \ Metric Description ES Early start time for task EF Early finsh time for task LS Late start time for task LF Late finsh time for task TS Total slack for task FS Free slack for task IS Independent slack for task SS safety slack for task Please provide the CPM result for each of the following metrics: ES_{end} = LS_{D} = TS_{D} = EF_{G} = LF_{G} =
An activity originally estimated to cost $100,000 and require 30 weeks to complete. Now the activity is on week 10 and $35,000 were spent and is 40% completed. What is the BCWS for this activity?
The following represents a project that should be scheduled using CPM a. Complete the table b. Draw the Network Diagram c. What is the critical path? d. What is the expected project completion time?' e. What is the probability of completing this project within 16 days?
13.42 Activity A is worth $100, is complete, and actually cost $150 Activity B is worth $500, is 75% complete, and has actually cost $400 so far Activity C is worth $500, is 25% complete, and has actually cost $200 so far. What is the estimated cost to completion for the project?

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