managerial implication of that probability?Approximate the probability that activity 3- 4 will have positive slack. What is theFind the length of the critical path and the project durationCompute slack for each event and find the critical pathCompute the expected time and variance for each activityDraw the project network|111.ii.1i.6.3.7.2.1.5.2-62.1.44 – 52 33.6.4.1- 55.3.6.2.3.1.3 48.1-35.3.1-2toActivitytoActivity拜5(a) Consider a project for which the following activities and time estimates in weeks apply:2.8.214,

WE ARE ALLOWED TO DO THE FIRST THREE SUB-PARTS ONLY. ANSWER IS AS BELOW:

Answered: Draw the project network Compute 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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Development of Version 2.0 of a particular accounting software product is being considered by Jose Noguera's technology firm in Baton Rouge. The activities necessary for the completion of this project are listed in the following table: Activity Normal Time (weeks) Crash Time (weeks) Normal Cost Total Cost with Crashing Immediate Predecessor(s) A 4 3 $2,100 $2,800 — B 2 1 $2,300 $3,100 — C 3 3 $600 $600 — D 8 4 $2,400 $2,680 A E 6 3 $1,000 $1,450 B F 3 2 $3,200 $4,600 C G 4 2 $1,400 $2,000 D, E Part 2 a) Based on the given information regarding the activities for the project, the project length = enter your response here weeks.
Only typed explanation otherwise leave it
29 A project being analyzed by PERT has 60 activities, 13 of which are on the critical path. If the estimated time along the critical path is 214 days with a project variance of 100, what is the probability that the project will take 224 days or more to complete? Select one: a. 0.1587 b. 2.14 c. near zero d. 0.0126 e. 0.8413
Discuss the use of time planning as a project risk management tool.
ANSWER THE FOLLOWING QUESTIONS ( SHOW ALL WORKINGS) 1. Determine and state the critical path for this project. 2. What are the expected time and the variance of the project? 3. What is the probability that the project is completed in 22 or fewer weeks 4. What date should be set such that there is a 94% chance of completion within that time?
The times are written to indicate weeks!!!! Let the start date of the project shown in Activity 3 be January 1, 2020. Determine start dates of all the activities. Draw a Gantt chart. You may use Microsoft Excel, Gantt project, or some other software.
Schedule the following project by using AON network and perform CPM calculations (ES, EF, LS, LF, TF, FF). Also show the critical path.
Dave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to determine ES, EF, LS, LF, and slack for each activity. The total project completion time and the critical path should also be determined. Here are the activity times: Activity A B с D Time (weeks) 5 8 2 1 Immediate Predecessor(s) A A Dave's earliest start (ES) and earliest finish (EF) are: Activity A Activity EFGH ES Time (weeks) 3 EF 5 5 10 7 Immediate Predecessor(s) B B C, E D, F
project management question: The project you are managing as expecting it's first shipment of equipment to install and test at the customers premise in Denver. it is imperative that the equipment insulation is on schedule since the Denver location is the hub of the Network operation. As of the writing, the schedule is exactly on target. The shipment of goods is proceeding east of I-70 just west of Glenwood Springs. Due to the recent forest fire on storm King Mountain, at Glenwood Springs, all vegetation has been destroyed which results in devastating mudslides that block I-70 in both directions. The delay may last up to five days. The sides could continue depending upon weather conditions. although the rains have subsided, the last weather report shows that there is a 50% rainfall forecast expected within the next 48 hours. what are four risks involved in this scenario?
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…
Consider the following project where times are in weeks. Activity Immediate Predecessors Duration A - 8 B - 12 C A,B 7 D B 4 E A 2 F C 3 G E,F 7 H D,F 3 What is the slack for activity G? a. 7 b. -7 c. 0 d. 1 There have been several variances in the cost and schedule estimates on your project, and the original estimating assumptions are no longer valid. The variances will likely continue until the end of the project. Calculate the estimate at completion (EAC) for your project based on the following data? BAC = $1,000,000 EV = $200,000 PV = $400,000 AV = $150,000 CPI = 1.333SPI = 0.5 a. $1,425,142 b. $751,879 c. $1,050,000 d. $1,200,120
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.?

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