The Farmer's American Bank of Leesburg is planning to install a new computerized accounts system.Bank management has determined the activities required to complete the project, the precedencerelationships of the activities, and activity time estimates, as shown in the following table. Use POM-QM to analyze this project. According to the result of POM-QM, the expected project completiontime is (type number only, no text)ActivityabCdCf8kActivity DescriptionPosition recruitingSystem developmentSystem trainingEquipment trainingManual system testPreliminary system changeoverComputer-personnel interfaceEquipment modificationEquipment testingSystem debugging and installationEquipment changeoverActivityPredecessoraab, cb, cd, ed, ehf.ga5345I13Time Estimates(weeks)1125m81278I462.51.28b17151023113971211

Project management is the aspect or part of management that helps in overseeing the tasks and…

Answered: The Farmer's American Bank of Leesburg…

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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The MXN Sdn. Bhd. has identified eight activities that would need to be implemented in order to complete the construction project as listed in the table below. Using the PERT three-estimate approach, the company has obtained the estimated duration and the precedence relationships for each activity. In addition, the company may get penalized if it fails to complete the project within 35 weeks. Activity A B с D E F G H Immediate predecessor(s) None A A None B,C C,D Table 2: Project Description D, F E, G Optimistic 2 7 4 7 3 2 Time estimate (week) SKT AM X Most likely m 6 8 13 7 9 6 Pessimistic b 7 16 13 17 9 9 (a) Construct the activity on the node (AON) network for this project. (b) Compute the expected activity time and the variance for each activity. termine the forward and backward pass, activity slack, and identify the critical path. Estimate the probability that all the activities on the current critical path will be completed within 35 weeks. (e) Estimate the probability that the…
QUESTION 7 The Stone River Textile Mill was inspected by OSHA and found to be in violation of a number of safety regulations. The OSHA inspectors ordered the mill to alter some existing machinery to make it safer (add safety guards, etc.); purchase some new machinery to replace older, dangerous machinery; and relocate some machinery to make safer passages and unobstructed entrances and exits. OSHA gave the mill only 35 weeks to make the changes; if the changes were not made by then, the mill would be fined $300,000. The mill determined the activities in a CPM/PERT network that would have to be completed and then estimated the indicated activity times, as shown in the following Table 6: Table 6 Activity Description A B с D E F G H I J K Activity Description Order new machinery Plan new physical layout Determine safety changes in existing machinery Receive equipment Hire new employees Make plant alterations Make changes in existing machinery Train new employees Install new machinery…
The Industrial and Systems Engineering Department at Sun University is moving from its old building to a new building. The move must be completed within the 14-day period between semesters. A list of tasks (activities) has been prepared. The activities and precedence requirements are presented in the table below. Three time estimates (in days) are given for each activity: optimistic time, most likely time, and pessimistic time. (a) Perform a forward pass and backward pass through the network to determine the critical path, and the expected duration of the project (b) What completion time should the department specify in its proposal in order to be 85% sure that it will complete the project on time? Activity Activity description Immediate predecessor Optimistic time (days) Most likely time (days) Pessimistic time (days) 1 Initiate move - 0 0 0 2 Prepare new building space 1 2 4 6 3 Pack faculty files and books 1 3 4 5 4…
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Given the following network and probabilistic activity timeestimates, determine the expected time and variance foreach activity and indicate the critical path:
Charlie Cook was able to determine the activity times for constructing his chemical contaminant tracking machine. Cook 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: Q Activity Time (weeks) Immediate Predecessor(s) Activity Time (weeks) Immediate Predecessor(s) A B C D 7 8 2 1 Charlie's earliest start (ES) and earliest finish (EF) are: A A Activity A EFGH ES EF 7 5 7 11 8 B B C, E D, F
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
The project information of the project Automated Warehouse Order Picking System is presented as following. Draw a project network for this project. Compute the early and late activity times and the slack times. Identify the critical path. How many days will the project take? ID A B C D E F G H 80 130 85 95 Activity Define requirements Assign team Design hardware Code software Build & test hardware Develop patent request Test software Integrate systems Predecessor None A A B C C D E (F-S, lag 20d),F,G Time (days) 5 сл сл 5 20 20 10⁰ 15 15 40
A large Southeast city is requesting federal funding for a park-and-ride project. One of the requirements in the request application is a network plan for the design phase of the project. Sophie Kim, the chief engineer, wants you to develop a project network plan to meet this requirement. She has gathered the activity time estimates and their dependencies shown here. Description Survey Soils report C Traffic design D Lot layout E Approve design Illumination G Drainage H Landscape I Signage J Bid proposal ID A B The project is expected to take The critical path is: Early start for Activity E is: Late finish for Activity F is: Slack for Activity C is: Predecessor None A A A B, C, D E E E E F, G, H, I Time (days) 13 22 21 a 9 74 20 20 22 17 15 12 days. day(s).
Three activities are candidates for crashing on a project network for a large computer installation (all are, of course, critical). Activity details are in the following table: Activity A B C Normal Time Crash Time Normal (days) (days) Cost 7 6 4 11 2 9 $5,000 $1,400 $4,000 Total Cost with Immediate Crashing Predecessor(s) $5,600 $3,300 $6,400 a) Activity that should be crashed first to reduce the project duration by 1 day is A b) Activity that should be crashed next to reduce the project duration by one additional day is A B A B C ect: 0
for the following project, assume the quantity for the project Equal 37, use LSM to determine the finish date for the project. Productio Activity IPA n Rate Relation [Day/m] A 1 В A 3 FF 2 SS Answer:
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: Time Activity (weeks) 6 7 ABCO 3 2 Immediate Predecessor(s) A A D Dave's earliest start (ES) and earliest finish (EF) are: Time Activity (weeks) 4 EFGHI 6 10 7 Immediate Predecessor(s) B B C, E D,F

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