Question 2a) A small project is composed of seven activities, whose time estimates are listed below.Activities are identifies by their beginning (i) and ending (j) note numbers:Activity(i–j)1-21-31-42-53-54-65-6Optimistic2242446Estimated Durations (in Days)Most Likely2842101012Requiredi)The expected duration and variance for each activity.ii) The project network.iii) The expected project length.Pessimistic1414162281630

Here, activities are identified by their beginning and ending note numbers. For each activity, I…

Answered: Required i) The expected duration and…

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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Develop a project network. Determine the expected project completion time. What is the probability that the project completion time will be completed? With in 2 weeks earlier than the expected project completion time? With in 1.5 week more than the expected project completion time ?
. 1. Project Scope & Constraints The new payroll system project has been approved. The new system will reduce clerical time and errors, improve morale in the payroll department, and avoid possible fines and penalties for noncompliance. The system must be installed by January 1st to meet new federal reporting rules, all expenses must be approved in advance, and the system should have a modular design if possible. The new system is expected to be announced in a year-end report if it is ready by mid-December. 1. Why is it important to define the project scope? How would you describe the scope of the payroll project in this case? 2. Based upon the project scope, identify the constraints, and determine its characteristics: present versus future, internal versus external, and mandatory versus desirable. 3. What questions would you ask to determine the feasibility of this project? 4. Given the project time constraints, could you shorten the typical steps in the preliminary investigation…
13.42 Activity A is worth $100, is complete, and actually cost $150 Activity B is worth $500, is 75% complete, and has actually cost $400 so far Activity C is worth $500, is 25% complete, and has actually cost $200 so far. What is the estimated cost to completion for the project?
Table 3 gives time estimates in weeks for each activity (Durations are Time Expected obtained using PERT) Activity Preceded 1 Order review 2 Order vendor parts 3 Produce standard parts 4 Design custom parts Software development 5 6 Manufacture custom parts 7 Assemble 8 Test Duration 5 15 20 13 18 10 10 5 1 1 1 4 2,3,6 2,5 Resources Ryan Carly Ryan Lauren Connor Ryan Dawn Test Assuming that you have been engaged to programme the project activities indicated in Table 3 and Figure A8.1B (Air Control Project: Time Plan without Resources), USE CCPM (Critical Chain Project Management) to ESTIMATE the project duration by showing each and every stage of your programming process (indicate technical dependency with resources imposed).
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: Normal Crash Activity Time (weeks) Time (weeks) A B 3 1 3 4 3 2 2 a) Based on the given information regarding the activities for the project, the project length с D E F G 2 8 6 Normal Cost $2,100 $2,300 $500 $2,400 $900 $3,400 $1,600 weeks Total Cost with Crashing Immediate Predecessor(s) $2,700 $3,000 $500 $2,700 $1,350 $4,900 $2,200 С D, E

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Required i) The expected duration and variance for each activity. ii) The project network. iii) The expected project length.