Problem:For the information below, first draw the network diagram and determine how long theproject will take and what the project will cost under normal conditions. Then, determinehow much each additional day crashed will cost, down to the minimum completion time.Finally, fill in the table below with the total cost to complete the project depending on howmany days it will take to complete.CrashActivity Predecessor Normal CrashTimeNormalCost/TimeCostCostDayA320003600В410001500A3215003000В7430006000EВ940006000C,D4130004800CompletionDaysCost1514131211109

Possible paths and duration: A-C-F = 12 B-D-F = 15 B-E = 13 The project will take 15 days to…

Answered: Problem: For the information below,…

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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Only do days shortened, days cut, project duration, increased cost per day, direct cost and indirect cost
The diagram below was developed for the project launch of Kitty Condo, a new product in the luxury cat cage market. Suppose that you are interested in finding ways to speed up the project at minimal additional cost. Determine the schedule for completing the project in 26 days at minimum cost. Penalty and project overhead costs are negligible. Time and cost data for each activity are shown below. Activity A B C D E F G I 1 Normal Time (days) 9 11 7 11 12 6 10 6 5 Cost ($) Time (days) 1,300 1,050 3,000 2,000 650 700 1,550 600 2,200 Activity A B C D E Crash 7 9 3 10 10 3 7 3 1 Calculate the total cost for this project's schedule. Total cost = $ (Enter your response as a whole number.) Time according to schedule (days) Cost ($) 2,700 1,280 6,200 2,300 1,100 1,900 2,750 1,125 5,800 A Activity F G H | Start B E Diagram Fill in the table below to show the proper schedule for completing the project in 26 days at minimum cost (i.e., the activity times with crashing for each activity). (Enter…
Event Predecessor Event Time A - 6 B - 8 C A;B 12 D C 4 E C 6 F D;E 15 G E 12 H F;G 8 Specify : a) The project age b) Critical event and critical time
Draw a network representation of the project (nodes = activities, arrows = precedence constraints). Provide early start/early finish as well as late start/late finish times for all activities. What is the duration of the project, and which tasks are on the critical path? Task Description Duration Predecessors A Project Planning 16 days - B Evaluation Existing Apps 20 days - C Define Value Proposition 12 days B D Define User Interface 18 days B E Define Technology Requirements 22 days C and D F Document Requirements 14 days E G Develop Architecture 35 days A and F H Creation Code Design 18 days G I Roadmap Feature Development 12 days G J User Interface Development 74 days H and I K Code Development 92 days H and I L Release Testing 32 days J and K M Get User Feedback 22 days L N Bug Fixing 28 days L O Marketing Plan 54 days E P Release Product 5 days M, N and O
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?
Consider a project that has been modeled as in the table below. Part a) Draw the PERT/CPM network for this project and determine the project’s expected completion time μP and its critical path. Part b) Suppose the standard deviations of the activity durations are σA = 2, σB = 1, σC = 0, σD = 2, σE = 3, and σF = 0. Then please estimate the standard deviation of the overall project’s standard deviation σP . Part c) Suppose for the standard Normal random variable Z, we know P[−1 ≤ Z ≤ +1] ' 68%, P[−2 ≤ Z ≤ +2] ' 95%, and P[−3 ≤ Z ≤ +3] ' 99.7%. Then, approximately what time T is one for which there is only a less than 2.5% chance for the completion time to beat (be shorter than)? *Please answer a-c and type your work and answers or write them neatly please* Thank you
4 01:34:47 The network diagram and task times for a project are shown below. A₁ A2 Late start time A3 Task A₁ A₂ A3 A₁ A5 What is the late start time for activity A3 ? Duration (days) 7 6644 A4 days A5
In the project considered here, activity crashing can take place over a wide range of reduction times. Activity Immediate Normal Time Cost per Day to Lower Time Limit Predecessor (days) crash (days) A None 3 P450,000 1 B None 4 300,000 C A 200,000 D E 2 100,000 1 E А, В 500,000 F С, D 4 600,000 3 a. Draw an AON network diagram for this project. What is the critical path? How long will the project take if no crashing takes place? b. Determine the least-cost way to crash activities in order to complete the project in 11 days; in 10 days; in 9 days; in 8 days. Draw your results on a time-cost trade-off matrix. c. Suppose the due date for the project is five days, and a penalty of P500,000 per day is assessed for each day late. What is the optimal number of days to crash the project? Why? 3.
The managers at AllBirds have operations in multiple countries, which operate on different financial management systems. This has been increasingly challenging for the company, so the Justin is looking to consolidate and integrate the financial management across all locations into a single software system that can operate across the national boundaries. This is a new, complicated and lengthy project, so Justin has identified a set of activity categories that will need to be carefully managed, as noted in the table. What is the probability that project can be completed two months early?
Define Time–Cost Models and Project Crashing?
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
I need solve this in project management

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