Shrink the occurrence time of the following project and find:a) The critical path and the expected project completion time.b) Find the optimal duration and optimal cost.NormalCrashActivitiesTimeCostTimeCost1-21001-31502-4502-51003-41004-580.84332472221320023090150200100

A project schedule network diagram shows the sequence of the task that is performed to complete a…

Answered: a) The critical path and the expected…

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...

See similar textbooks

Similar questions

What is the minimum cost of crashing the following project at Sawaya Robotics by 4 days? NORMAL CRASH TIME (DAYS) TIME (DAYS) 9 7 7 6 5 4 6 4 9 6 ACTIVITY Design (A) Wiring (B) Chip install (C) Software (D) Testing (E) The minimum cost of crashing the following project at Sawaya Robotics by. 4 days is $ NORMAL COST 200 800 600 1,100 1,200 CRASH COST 300 875 675 1,300 1,875 IMMEDIATE PREDECESSOR(S) (enter your response as a whole number). A, B C
Which 10 risks are related to IT project management?
Note: end of the question answer also given. I want A&D only. Onc aagain remember I want only A&D part A. What is the probability that path A-B-D-F-G will take from 100 to 120 days to complete? Answer = 40.2% B. What is the probability that path A-C-E-G will take less than 85 days to complete? Answer = 32.64% C. If the contract for the above project is 120 days, what is the chance of meeting the schedule? Answer = 86.3% D. What duration (number of full days) should be used to be at least 90% confident of finishing on time? Answer = 125 days - Probability of 93%
Q4
Suppose you are a project manager of a power plant project and there is a penalty in your contract with the main client for every day you deliver the project late. You need to decide which sub-contractor is appropriate for your projects critical path activities. But while selecting a sub-contractor, you should take into consideration the costs and delivery dates. • Sub-contractor A bids 200,000 OMR. You estimate that there is a 35% possibility of completing 50 days late. As per your contract with the client, you must pay a delay penalty of 4,500 OMR per calendar day for every day you deliver late.• Sub-contractor B bids 260,000 OMR. You estimate that there is a 13% possibility of completing 15 days late. As per your contract with the client, you must pay a delay penalty of 4,500 OMR per calendar day for every day you deliver late. Determine which sub-contractor is appropriate for your projects critical path activities. Both sub- contractors promise successful delivery and high-quality…
DURATION, DAYS NORMAL ACCELERATED 5 3 5 4 3 2 5 # 3 # 3 ACTIVITY NODE A 0-1 B 0-2 C 0-3 D 1 to 2 E 2 to 3 4 F 3 to 4 5 determine the following: -Normal cost -additional cost -maximum crash time for activity A 7 NORMAL COST, PESO ACCELERATED 1,600.00 4,000.00 15,000.00 3,500.00 1,500.00 1,800.00 1,000.00 € 3,000.00 12,000.00 3,000.00 € 1,000.00 # 1,000.00
In project management why is float important?
The following table provides the information necessary to construct a project network diagram and project crash data: Crash the project until no more crash can be performed How much it would cost The new critical path(s) Activity Immediate predecessor Activity Time (weeks) Activity Cost ($) Normal Crash Normal Crash A -- 16 8 2000 4400 B -- 14 9 1000 1800 C A 8 6 500 700 D A 5 4 600 1300 E B 4 2 1500 3000 F B 6 4 800 1600 G C 10 7 3000 4500 H D, E 15 10 5000 8000 End F, G, H
How is slack/float calculated? Latest finish date – duration Latest start date – earliest start date Earliest start date + duration earliest start date - Latest start date
Use the legend to answer this question.
What is the minimum cost of crashing the following project at Sawaya Robotics by 4 days? ACTIVITY Design (A) Wiring (B) Chip install (C) Software (D) Testing (E) NORMAL CRASH TIME (DAYS) TIME (DAYS) 8 7 7 6 6 6 9 6 NORMAL COST 400 1,100 700 900 1,200 CRASH COST 550 1,300 800 1,250 1,950 IMMEDIATE PREDECESSOR(S) The minimum cost of crashing the following project at Sawaya Robotics by 4 days is $ whole number). A, B C (enter your response as a
Three activities are candidates for crashing on a project network for a large computer installation (all are, of course, critical). Activity details are in the following table: Normal Activity Time (days) A B с 7 4 11 Crash Time (days) 6 2 9 Normal Cost $5,000 $1,400 $4,200 Total Cost with Crashing Immediate Predecessor(s) $5,500 $3,100 $6,200 A

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS

a) The critical path and the expected project completion time. b) Find the optimal duration and optimal cost. Normal Crash