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- 11.1. Three alternative plans for expanding a municipal water distribution system will each meet demands for water and maintain required pressures. Each plan has a project life of 30 years. The initial investment cost and annual operation and maintenance cost for each plan are as follows: Initial investment Annual operation and maintenance Plan cost ($) cost ($) A 120,000 28,000 B 160,000 24,000 C 290,000 10,000 Select the economically optimum plan based on a discount rate of 8 percent. Perform the evaluation alternatively based on present worth and annual worth.Conduct a formal Risk Plan for a project covering the following critical aspects;1. Identify the risks to start preparing a risk register and Analyse the risks (both qualitative and quantitative risk analysis)2. Plan risk responses3. Track and control risksMinimum 10 risks to be identified.7. Contract requirements state that a project must be completed within 180 working days, or it will incur penalties for late completion. Analysis of the activity network reveals an expected project completion time of 145 working days with a project variance of 400. What is the probability that the project will be completed before the late-payment deadline? (select the closest answer) Select one: a. about 4% b. over 99% c. about 80% d. about 46% e. about 96%
- What is the minimum cost of crashing the following project at Sawaya Robotics by 4 days? NORMAL CRASH TIME (DAYS) TIME (DAYS) NORMAL COST 8 6 6 4 ACTIVITY Design (A) Wiring (B) Chip install (C) Software (D) Testing (E) 8 5335 400 1,000 600 1,000 1,100 CRASH COST 450 1,100 700 1,300 1,625 IMMEDIATE PREDECESSOR(S) A, B C The minimum cost of crashing the following project at Sawaya Robotics by 4 days is $900 (enter your response as a whole number).The following precedence diagram reflects three time estimates for each activity. Determine: Use Table B1 and Table B2. 9-10-12 3 8 5-7-10 8-10-14 11-12-13 6 11 14-18-26 10.5-13-15.5 10 8-8-8 1 5-6-7 2 4 13-13-13 7 7-10-12 a. The expected completion time for each path and its variance. (Round intermediate calculations to 4 decimal places and final answers to 2 decimal places.) Path Mean Var. Std. Dev. 1-2-3-8-11 37.33 1-2-4-6-11 43.00 5.11 1-2-4-7-11 0.81 1-2-5-9-10-11 46.83 1.25 9-9-9 10-11-12 10-12-144. Using a discounted rate of 12 percent, INITIAL COST NET CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 PROJECT A (BROILER) K100,000 (20,000) 10,000 40.000 40.000 150.000 PROJECT B (LAYERS) K100,000 33,000 33,000 33,000 33,000 33,000 a. Determine the net present value of project A and B b. Calculate the IRR on mutually exclusive investment of project A and B. C. Which project must the farm undertake and why?
- Project Managent 11. Explain concept of risk management in projects. b. Explain the importance of planning and monitoring and controlling scope on a project.3.1 The PMBOK categorises risks into internal and external factors. Anne found that her working relationship with Mr. Richard Cramer was progressively deteriorating as his micro management of the project was taking a toll on the project and staff morale. As a result, Anne and some of the project team members wanted to absolve themselves of the project. Had this transpired, it would have posed a risk on the successful delivery of the project. Define the concept the above situation would have created.Q5) Consider the project given in the next table. Find the probability that the project will be completed within 70 and 80 days. What is the project expected duration corresponding to 70% assurance. Activity A B с oa D E F Optimistic (a) 10 24 22 12 20 13 Duration (days) Most likely (m) 16 32 32 16 25 16 Pessimistic (b) 22 42 40 21 35 19 Dependencies A B C, D A, B
- 11. Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 24 months, and the project variance is 4. Part 2 a) The probability that the project will be completed in 20 months = ______ (round your response to four decimal places)Scenario Capstone project Goal Statement: Our goal is to improve the overall mental health status of veterans of the Canadian Armed Forces and RCMP by up to 80% for those struggling with mental health challenges by facilitating real-time accessibility to a peer support platform utilizing a mobile app to fill the gap that currently exists when veterans are awaiting appointments for psychological supports that are currently funded by Veterans Affairs of Canada. We aim to reduce the strain on the general health system due to the repeated appointments with a veteran's primary care practitioner to inquire about further mental health resources and to improve a veterans quality of life while they are adjusting to civilian life in between their federally funded psychological supports. Please answer in detail 1 communication strategy for the above project 2. Pilot or stakeholder feedback outcomes 3. Recommendation for next stepsc. What is the expected project completion time? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Project completion time d. What is the probability of completing this project within 16 days? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Do not round intermediate calculations. Round "2" value to 2 decimal places and final answer to 4 decimal places.) Probability 10 00 days 09994