A new motorway project is being planned in Ireland, with its construction expected to cost €1billion. The 100km route will connect Ireland's second largest city, Cork, with the city ofLimerick. The intended alignment for the motorway runs alongside the existing N20, whichruns through Blarney, Mallow and Charleville. The new motorway forms part of the ProjectIreland 2040 programme of infrastructure works.The first step in the project is to appoint a project manager and develop a project team. Oncethe team is selected and the staff is in place, the next task is to select a primary contractor tomanage and oversee the construction. The following activities, their immediate predecessors,as well as the activity time estimates (in days) are standard for the planning and scheduling ofthis project:Activity Immediate predecessor Optimistic Most probable PessimisticA356.в46А, ВA, B567D7910Eв246F123GD5810HD, F6810IE, G, H345a) What is the probability that the project can be completed in 25 days or fewer?

The expected activity time is the time taken by the particular activity to complete the project…

Answered: a) What is 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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Similar questions

A project is set to be completed in 12 months with an estimated budget cost of $520,000. 6 months have passed, and expenses were $240,000. The completion of work is set to be $270,000 What is the planned value PV of the project? What is the actual cost AC of the project? What is the earned value EV of the project? Find the SPI and CPI of the project. Is the project ahead or behind schedule? Is the project under or over budget? What is the estimated cost to complete the project?
What is the significance of a systems analyst's job in a project?
A project has the following activities, with specified precedents and expected durations (in days). What is the expected project duration?
After the first month of a project, the Actual Cost was $400 and the planned cost for the first month was $500. Currently, only 50% of the work have been completed. Based on this information, calculate the following: a.Cost Performance Index b.Estimate to Complete c.Estimate at Completion
. Assume that a project has an expected total duration of 25 days, but several optimistic employees feel that it can be completed in as little as 18 days, while others expect it to take nearly 40 days. Using program evaluation and review technique calculations, what is the project duration to be used in project Gantt charts and other tracking tools?2. If a critical path method calculation of project duration was 25 days, how does the program evaluation and review technique calculation in Question 1 compare?
Please don't provide handwritten solution .....
You have been assigned a project and in your preliminary planning you have developed table 2 below, it outlines eight activities (A to H) that must be completed. For each activity you have obtained the estimated duration, cost per day and the prior task(s). Activity A B с D E F G H Z Duration (days) 3 4 12 6 16 15 Cost/week ($) 2500 6000 3000 10000 15000 10000 7 8 0 Prior Tasks None B, D C, E E, F,G 0 All *Assume that there are five (5) workdays in each week Table 2 2000 2500 A A, B A, B D Using the information provided: a) Create a network diagram for the project. b) Construct a Gantt Chart for the project. c) Determine the minimum time in which the project can be completed. 1
The project undertaken by Cutting Edge Sensors Ltd. Is progressing. Currently they have spent $750,000 of their approved $500,000 proportion of the total budget ($2.5M total budget for the 3 year long project). The estimates of how they are progressing suggests they are 40% complete of all tasks up to this point in the project (currently 18 months in). 1) What is the Rate of Performance (RP)? 2)What is the Planned Value (PV) for this project at this point (18 months) of the project? 3)What is the Earned Value (EV) after the reported period of work, at the rate they have progressed? 4)What is the Cost Variance (CV) for the Project? 5)What is the Schedule Variance (SV) for the Project? 6)What is the Cost Performance Index (CPI)? 7)What is the Estimate at Completion (EAC)?

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