Development of Version 2.0 of a particular accounting software product is being considered by Jose Noguera's technology firm in Baton Rouge. The activitiesnecessary for the completion of this project are listed in the following table:ActivityABCDEFGNormal Time Crash Time Normal(weeks)Cost$2,100Total CostwithImmediateCrashing Predecessor(s)4$2,800$2,200$2,900$750$750$2,500$2,820$1,000 $1,300$3,200$4,700$1,400 $1,900238634(weeks)31344322a) Based on the given information regarding the activities for the project, the project length =b) The total cost required for completing this project on normal time = $weeks.c) For reducing the duration of the project by one week, the activity that should be crashed first is activityThe cost of the project based on the first activity selected for crashing will increase by $d) The maximum weeks by which the project can be reduced by crashing =Total cost of crashing the project to minimum (or maximum weeks possible) = $|weeks.ABCD, E

Answered: Development of Version 2.0 of a…

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

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?
Your insights on the cost-time trade-off for this project. Your recommended strategy for crashing the project.
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
There are various types of project organizations. Certain types of project organizations work best for certain types of projects. For example, there are pure project organizations, functional project organizations, centrally-organized project organizations, matrix project organizations, and mixed project organizations. Select any one type of project, such as software development, research and development, building construction (commercial, residential, etc.), public sector work, accounting, procurement, or financial, and discuss the best project organization that would suit the project type you selected.
The chart below shows the initial investment and expected yearly payback for Project A and Project B Project A Project B Initial Investment $ 300,000 $ 450,000 Expected Yearly PayBack $ 45,000 $ 90,000 For Project A, There has been a change in the expected yearly payback. Years 1 and 2 – you are expecting $45,000 each year. For the next three years, you are expecting $70,000 each year. What would be the average ROI for this alternative?
he project charter involves several elements including, the project manager and project title. Use suitable examples to explain any other five elements of the project charter Milestone schedule Key assumptions Constraints Major risks
The expenses for your project are consistently showing the same CPI for each month of the project completed so far, and there are two months left in the project. Which formula should you use to calculate the project's estimate at completion? A) AC + ETC B) BAC / CPI C) AC + (Remaining PV / CPI) D) AC + BAC - EVEV
Use the following project status information to calculate each of the requested EVM numbers below (a-i).The project status is reported at the end of week 13. Task Budget Cost Budget Duration Status as of Week 13 A $5,000 2 Weeks 100 percent complete $5,000B $8,500 3 Weeks 100 percent complete $9,000C $15,000 4 Weeks 75 percent complete $14,000D $10,000 4 Weeks 50 percent complete $9,000 E $12,000 4 Weeks Not startedF $15,000 5 Weeks Not started a. Planned Valuedb. Actual costc. Cost varianced. Schedule variancee. Cost performance indexf. Schedule performance indexg. Budget at completionh. Estimation to completei. Estimation at completion
The decision was made by JMP management that a certain critical development in the overall project will be subcontracted-out to a vendor. JMP has issued a six-month cost plus fixed fee contract for that development, and you are the vendor's project manager. The approved JMP budget for your development is $500,000. A recent Earned Value Analysis that your firm (the vendor) has done shows that you will complete the project four weeks ahead of time, thus depriving your firm of $80,000 of billable time. Among your options are: 1. Since it was the approved budget, go ahead and bill JMP for the entire $500.000. 2. Inform JMP of the project status and completion date, and ask if they'd like to add any features to account for the monies spent. 3. Inform JMP of the project status and completion date. 4. Bill JMP for the $500,000 by adding more work at the end of the project.

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