Time Estimates (days)Activity OptimisticSTARTMost LikelyPessimisiticImmediate Predecessor(s)000A5B0CDEFGHI1632JKLFINISHAABDC526524C, GHJ, KE, F, L4324240D1253U2223-20810220TO15START3012DG Consider the office renovation project data in the following table. A "zero" time estimate means that the activity couldtake a very small amount of time and should be treated as a numeric zero in the analysis.Click the icon to view the table.a. Based on the critical path, find the probability of completing the office renovation project by 40 days. Refer to thestandard normal table. (Make sure to round all intermediate calculations for to and variance to two decimal places.)The probability is . (Enter your response rounded to four decimal places.)

To find the probability of completing the office renovation project by 40 days based on the critical…

Answered: Time Estimates (days) Activity…

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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During a time study, when should a rating be given? Why is this important?
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Case Study—Several Different Styles Vanessa Mills was recently hired to work at a branch of Lakeshore Bank as a personal banker. The branch is very busy and has a large staff, including three on-site managers. As a new employee, Vanessa is trying to figure out how to succeed as a personal banker while meeting the expectations of her three very different managers. Vanessa is paid a salary, but also receives a commission for activities including opening new accounts and selling new services to customers such as credit cards, lines of credit, loans, and stock accounts. Personal bankers are expected to open a certain number of accounts each month and build relationships with customers by exploring their various banking needs and offering services to meet those needs. Marion Woods is one of the managers at Vanessa’s branch. She has worked for Lakeshore Bank for 10 years and prides herself on the success of the branch. Marion openly talks about employees’ progress in terms of the number of…
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Case Study 1. Co.PL Manufacturing makes many components for print machines and copy machines. The company makes 20 different items. The company do not have forecast for production planning. That’s why the manager decides which items to produce and the batch size, based on orders and the amounts in inventory. The products with fewest inventory are given the highest priority. And since that the demand is somewhat erratic the company has experienced being overstocked on some items and out of others. Because of the falling profits because of overstocked and uneven inventories, the manager wants to start forecasting for product A which has a larger share of the company’s profit. The manager gathers the historical sales of this product for previous 14 weeks. Week 1 Product A 1 50 2 54 3 57 4 60 5 64 6 67 7 90* 8 76 9 79 10 82 11 85 12 87 13 92 14 96 Questions: What are the advantages of using…
W AutoSave Off H PGDPM AA Calendar JULY 2022 Final No Label ✓ File Home Insert Draw Design Layout References 2 X U Undo Page 26 of 32 ▬ Paste Clipboard Arial Q Search BIU 25 of 5110 words U ab 12 ab x₂ A A Aa A X x ADA А Font Mailings QUESTION THREE 3.1 3.2 Search QUESTION FOUR Review View Help Paragraph Styles 2.1 Evaluate the significance of project stakeholder needs to project risk managers. 2.3 Using an example, discuss the meaning of the term risk assessment matrix. 16-16-15 ← 三三三三 2↓¶ 17° Normal Describe the relationship between uncertainty and project risk management. Discuss the use of time planning as a project risk management tool. Read the case study below and answer the questions that follow: Internal and external risks in project management English (South Africa) Text Predictions: On Accessibility: Unavailable No Spacing W Heading 1 The most critical phase in the project life cycle is the conceptual phase or bidding process, since only scarce information is available, and…
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A O Standord Max Мaximize Р — 10х + 12y subject to x + 2y 0 Screen clipping taken: 11/23/2019 6:23 AM C Мaximize P 3 3х + 4у + 5z subject to x + y + z 0, z 20 Screen clipping taken: 11/23/2019 6:24 AM D Maximize P = 12x + 10y + 5z subject to 2х + у +zs 10 3x + 5y + z < 45 2x + 5y + z < 40 x 2 0, y 2 0, z 2 0 Screen clipping taken: 11/23/2019 6:25 AM
Question 2 A company is planning to produce televisions for home use. The activities necessary to built an experimental model and related data are given in the following table: Time (weeks) Cost (dollars) Crash Immediate Feasible Time Crash Activity Normal Crash Normal Predecessors Reduction cost/week A 3 2 1000 1400 В 2 1 2000 2500 C 1 1 300 300 D 3 1 1200 1600 A 6. 3 875 1100 В F 1 4400 5000 C G 4 3 1600 1950 D, E H 1 1 1000 1000 F, G а. What is the project completion date and critical path? b. Crash the project to 9 weeks at the least cost by drawing the AON networks and explaining crashing costs for each reduction weeks. с. Determine the total project cost after crashing.
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