The Advanced Tech Company has a project to design an integrated information data base for a major bank. Data for the project are given in the following table. Indirect project costs amount to $250 per day. The company will incur a $200 per day penalty for each day the project lasts beyond day 16.Normal Time(days)4Crash Time(days)33Crash Cost($)1,0002,2001,500553321,500441,500211,40011,0003500a. What is the project's duration if only normal times are used?The project duration is 22 day(s). (Enter your response as an integer.)b. What is the minimum-cost schedule?With the minimum-cost schedule, the project duration is day(s). (Enter your response as an integer)ActivityA8CDEFGH35Normal Cost ($)8001,0005001,2001.5001,300900300ImmediatePredecessor(s)-ABBC. DEEG

A crashing schedule helps the project team to reduce the normal duration for completing the project…

Answered: The Advanced Tech Company has a project…

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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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
The expected number of days to completion for a different project is E(x) = 3.32 The variance of days to completion is var(x) = 1.22 The project cost involves A fixed cost (in thousands of dollars) of FC = $83.783 A variable cost for each day taken to complete the project ($000) VC = $9.774 14 The expected value of the project cost is $_______ thousand. a 109.364 b 112.746 c 116.233 d 119.828
Explain how earned value management (EVM) may control costs and monitor project success and hypothesise why it is not utilised more commonly. What are some guidelines for evaluating cost variation, schedule variance, cost performance index, and schedule performance index numbers?
Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a). Develop a project network. (b) Develop an activity schedule. Activity EarliestStart LatestStart EarliestFinish LatestFinish Slack A B C D E F (c) What are the critical activities? (Enter your answers as…
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
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?
Explain how earned value management (EVM) may control costs and monitor project success and hypothesize why it is not utilized more commonly. What are some guidelines for evaluating cost variation, schedule variance, cost performance index, and schedule performance index numbers?
ACTIVITY WK(S) PRECEDES CRASH COST/WEEK A(START $370 $120 $220 1 $140 F(END) 3 $400 Suppose that Rafay is only given 8 weeks (instead of 10) to complete the project. By how many weeks should each activity be crashed in order to meet the deadline? Assume that you can crash an activity down to 0 weeks duration. Activity Each Activity Should be Reduced BY (weeks) A O week(s) B1 week(s) C 2 week(s) E O week(s) F Oweek(s) What is the total crashing cost? $ nothing (Enter your response as a whole number.) PLEASE SHOW ME HOW TO GET THE CALUCLATION ON MY OWN SHOW YOUR STEPS i DO KNOW THAT CC-NC/NT-CT BUT I DONT KNOW WHAT FIGURES GOES WHERE AND WHY B с E 3 2 4 B,C E F F
What is the total crashing cost?
The Advanced Tech Company has a project to design an integrated information data base for a major bank. Data for the project are given in the following table. Indirect project costs amount to $150 per day. The company will incur a $100 per day penalty for each day the project lasts beyond day 18. Activity A B C D E F G H Normal Time (days) 5 4 4 3 4 b. What is the minimum-cost schedule? 800 1,000 600 1,200 1,500 1,300 900 500 a. What is the project's duration if only normal times are used? The project duration is 22 day(s). (Enter your response as an integer.) 2 Normal Cost ($) 55 Crash Time (days) 3 3 3 N N 2 2 1 35 Crash Cost ($) 1,600 1,200 900 1,500 1,700 1,400 1,200 500 Immediate Predecessor(s) With the minimum-cost schedule, the project duration is 17 day(s). (Enter your response as an integer.) c. What is the critical path for the minimum-cost schedule? The critical path for the minimum-cost schedule is B-D-E-G-H A, B B C, D E шо E G
B/U pe Activity A B D 11. A project has the activity duration and cost information indicated in the table where all times are in weeks. There is a penalty of $4,000 per week for every week the project exceeds 37 weeks. What is the lowest total cost for completing this project? Predecessor Time 18 11 A A B C E D Normal A H 12 15 3 19 Asbe de ABC' AMBBC RACE AB 7 8 12 6 Normal Cost Crash Time Crash Cost $22,000 $32,000 $62,000 $18,000 $35,000 $8,000 $23,000 $32,000 $56,000 $12,000 5 $18,000 19 $22,000 $9,000 $15,000 $5,000 $13,000 $20,000 $45,000 2 5 4

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