A 4D 8StartB 5E 3FinishKeyC 2F 2Activity DurationUsing the network diagram above, answer each of the 5 questions below:a) What are the activities on the critical path (using the letters provided)b) What is the shortest amount of time (in days) that this project can finishc) Can activity C be delayed without impacting the end date of the project? yes or nod) If activity C can be delayed, by how many days can it be delayed before the project isdelayed?e) Crashing activity B by 1 day will cost $100, should you do this? Why or why not?

We are allowed to do first three sub-parts only. The answer is as below:

Answered: a) What are the activities on 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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A tool for assessing and managing risks is a risk assessment matrix (RAM), also referred to as a risk register, which includes potential risks, their potential impact, likelihood of occurrence, and response plan. Fully construct a RAM using two application examples Describe any project of your choice; then provide three examples of what risks you as the project manager could face.
(Use the information below to solve Q11 - Q20) Given the following information regarding a project: Predecess ors None None a a b b Activity a b C d e CD f OC g h Duration 3 1 3 4 4 5 23 c, e f Which of the following is NOT a path in the network? O a-d O a-c-g b-c-g O b-e-g b-f-h
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
Explain how earned value management (EVM) may control costs and monitor project success and hypothesise why it is not utilised more commonly. What are some guidelines for evaluating cost variation, schedule variance, cost performance index, and schedule performance index numbers?
Develop a project network. Determine the expected project completion time. What is the probability that the project completion time will be completed? With in 2 weeks earlier than the expected project completion time? With in 1.5 week more than the expected project completion time ?
Identify any 10 risks connected with IT project management. Define project risk management and sketch out the main steps required.
Why is earned value management (EVM) not utilized more frequently? Describe how it may be used to manage expenses and gauge project effectiveness. What are some broad guidelines for judging the quality of figures for cost variation, schedule variance, cost performance index, and schedule performance index?
Develop a CPM diagram for the activities/relationships listed below (assumedurations are in months). For each activity calculate the Early Start, Late Start, EarlyFinish, Late Finish, Total Float, and Free Float. Clearly identify the critical path forthe project (hint: a highlighter would be a good tool to use) How do you solve this? I don't understand how it's done.
Case: Friendly Assisted Living Facility-3 (pg.104) Q1: Define the deliverables for this project Q2: Define the constraints and assumptions for this project Q3: Develop a preliminary Level 1 WBS Q4: Develop a RACI matrix for this project based on the level 1 WBS Q5: Would a Project Charter have been useful here? Explain. C A S E Friendly Assisted Living Facility-3 Continuing with the ALF Steering Committee meeting Fred led a discussion of all the major steps that must be included in the project plan, and inked each team member to identify the areas for which they would accept responsi bility. The hospital's Construction Project Manager took responsibility for the constructions of the facility, and the COO volunteered to oversee the building design, as well as define the needs for food services, housekeeping, staff ing, and policy and procedure development. The CFO agreed to develoys the budgets for each area of the project as well as the operating budget for the facility.…
You have signed a contract to build a garage for the Lloyds.You will receive a $200 bonus per day you saved if the project takes less than 28 days.The contract also contains a penalty clause in which you will lose $100 for each day the project takes longer than 28 days. What is the expected project duration? ID Predecessor Duration A _ 5 B A 3 C B 8 D B 7 E C 5 F C 8 G D 7 H E, F, G 2 I H 1
Q2) Draw the network & Calculate the critical path for the activities of the project? Activity Predecessor Duration A B C AAB S45634 D E C F D, E
Given is a Project with network diagram and activity times as shown below. Activity Time (wks) A 13 B 5 Start с 14 A c) The Slack time of Activity C = Blank 3 weeks D D a) The Earliest Start (ES) time of Activity I = Blank 1 weeks 9 b) The Latest Start (LS) time of Activity B = Blank 2 weeks f) The Project Completion time = Blank 6 weeks d) The Earliest Finish (EF) time of Activity H = Blank 4 weeks e) The Latest Finish (LF) time of Activity B = Blank 5 weeks B F E 12 E F LL 17 H G 9 J H 15 - 15 J 2

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