Based on project information on kitchen space renovation as prepared below, fill in the timeestimates (t), activity variances (v) and answer all questions:ActivityPredecessorTime Estimates (in weeks)VOptimistic Most Likely Pessimisticam1011A9B8101813A9815A7Eв26.7FD5GВ, С123Determine the probability that the project will be completed in 23 weeks, 25 weeks and 27weeks.

Here, The expected activity time or time estimate could be determined using the formula, (Optimistic…

Answered: Determine 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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A project consisting of the following activities: Activities predece.Activities day TE M K J H G E C B G KJ G I,F D D E,C B,A| B,A A 1 3 4 6. 5 2 3 9 6 2 4 3 5 1- Draw the network diagram of the project 2- Calculate (Es) and (Lc) the project events 3- Select the critical path 4 - What is the minimum time required to complete the project?
Given the following network and probabilistic activity timeestimates, determine the expected time and variance foreach activity and indicate the critical path:
Swimming Pool Installation: You are the project manager working for Mack's Pool Co. Your project consists of installing a new swimming pool at the local country club before Memorial Day weekend (pool opening weekend). You would like to find the minimum cost schedule for your project. There is a $9,000 per week penalty for each week the project is delayed beyond week 9. In addition, your project team determined that indirect costs are $15,000 per week. ACTIVITY Immediate Predecessor (s) NORMAL TIME (NT) CRASH TIME (CT) Normal Cost (NC) Crash Cost (CC) A -- 2 1 7,000 10,000 B -- 2 2 3,000 3,000 C A 3 1 12,000 40,000 D B 3 2 12,000 28,000 E C 1 1 8,000 8,000 F D, E 5 3 5,000 15,000 G E 3 2 9,000 18,000 Before crashing, the project duration is _________ week(s). The total cost of the project if we do nothing is $ __________ (round to the nearest dollar). The minimum cost…
A project consists of five activities listed below. The project network is shown for the activities. The critical path is B-C-E and the expected completion time is 8. Optimistic Most Probable Pessimistic Activity Time (hr) Time (hr) Time (hr) A Floor sanding 3 4 5 B Paint mixing 0.5 1 1.5 C Ceiling painting 1 5.5 7 D Wall painting 1 2 9 E Floor buffing 1 2 3 What is the probability that the project can be completed within 9 hr.?
If the pessimistic duration of an activity is 205, the most likely duration is 160 days and the optimistic duration is 115 days, what is the expected time of the activity for PERT/CPM analysis ? What is the variance for the activity time for PERT/CPM analysis ?
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. Normal Crash Activities Time Cost Time Cost 1-2 100 1-3 150 2-4 50 2-5 100 3-4 100 4-5 80. 843324 722213 200 230 90 150 200 100
How can we solve question 2?
Construct the network for the following project and determine the followingi) Critical Pathii) ES,EF,LS,LF iii) TF,FF
Suppose that the project team has arrived at the following time estimates for activity B (Select site and survey) of the St. John’s Hospital project: a = 7 weeks, m = 8 weeks, and b = 15 weeks a. Calculate the expected time and variance for activity B. b. Calculate the expected time and variance for the other activities in the project.
Hoff & Catherine Building company has plans to build a City Centre for the Government. The stages of the project are depicted in the table below: Activity Immediate Predecessor Duration (weeks) Remarks A - 2 B A 7 C B 5 D C 6 E C 4 F E 10 G D 7 H E, G 12 I C 7 J F, I 9 K J 4 L J 5 M H 5 N K,L 10 Calculate the earliest start, earliest finish, latest start, latest finish and slack time for each activity. Calculate the critical path How long does it take to complete the project assuming no delays?
A group of developers is building a new shopping center. A consultant for the developers has developedthe following table of activities, durations and predecessors. Determine the earliest start times andfinish times, latest start and finish times, activity slack, critical path and duration for the project. Thereis a Bonus for finishing the project at 90% of the projected date. The bonus for early completion is$50,000. Which activities should be crashed, if the cost for 1 week reduction, for any activity, is $3500per week, and what is the total cost of crashing? And, Net Bonus, if any.
A group of developers is building a new shopping center. A consultant for the developers has constructed the following project network and assigned activity times, in weeks. Determine the earliest and latest activity times, activity slack, critical path, and duration for the project.

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Determine the probability that the project will be completed in 23 weeks, 25 weeks and 27 weeks.