8 EARNED VALUE ANALYSISThe following project is reported to be at the end of its 8 week. Find the cost and schedule variances.Also find the CPI, SPI, CSI, ETC and EAC for the project. Find the condition of the project at the this reporting period.PVACBudget($)DurationActual Cost%D-8Activity Predecessor (s)(week)($)Complete300400A3100A3В4200180100B:4C725030090A860040050400200В40150180FВ4100GC410020040500HD, E2300F, G3JH, I1100ㅇCO프(-)

From the network diagram, we can see that C-G-I-J is the critical path with duration = 15 weeks

Answered: The following project is reported to be…

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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Project Management
Consider the office renovation project data in Table 7.16. A“zero” time estimate means that the activity could take a verysmall amount of time and should be treated as a numericzero in the analysis.a. Based on the critical path, find the probability ofcompleting the office renovation project by 39 days.b. Find the date by which you would be 90 percent sure ofcompleting the project.
Describe CPM with Three Activity Time Estimates?
The table below contains data for the installation of new equipment in a manufacturing process for a steel corporation. Your company is responsible for the installation project. Indirect costs are $6,000 per week, and a penalty cost of $10,000 per week will be incurred by your company for every week the project is delayed beyond week 15. Activity Immediate Predecessor(s) Normal Time (weeks) Crash Time (weeks) Normal Cost ($) Crash Cost ($) A None 2 1 7,000 10,000 B None 2 2 3,000 3,000 C A 3 1 12,000 40,000 D B 3 2 12,000 28,000 E C 1 1 8,000 8,000 F D, E 5 3 5,000 15,000 G E 3 2 9,000 18,000 H F, G 8 6 14,000 32,000 Construct a network diagram for the project. What are the project completion time and the total cost under normal conditions? What is the shortest time duration for this project regardless of cost? What is the resulting total cost? What is the…
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
B indicate critical path C what is expected completion for the project? D what is the probability that the project will take more than 30 days to complete?
Activities, preceding activities, normal and crashed completion times of each of the activities and crashed costs of activities per week of a project are given in the following table. Activity Preceding Activity Crashed Completion time (week) Normal Crashed Cost Completion Time (week) 7 per week A 7 6. 5 $500 $700 $600 $800 $400 C A 4 3 A, C В, D D, E D 9 E 10 9. F 9 II. Find the slack time of each of the activities and the critical activities. Find the minimum possible completion time of the project by considering the crashed completion times and the minimal total cost of crashing the project. iv.
Consider the office renovation project data in the following table. A "zero" time estimate means that the activity could take a very small amount of time and should be treated as a numeric zero in the analysis. a. Based on the critical path, find the probability of completing the office renovation project by 39 days. Refer to the standard normal table (Make sure to round all intermediate calculations for te and variance to two decimal places.) The probability is
The prime objectives of project management are cost, time andA. ScheduleB. QualityC. Customer satisfactionD. Performance.
A project has the following activities, with specified precedents and expected durations (in days). What is the expected project duration?
*(b.) (in Microsoft Project) create the network diagram and task schedule table and then provide (in Microsoft Word) the critical path for the project and give in a table the ES, EF, LS, and LF, free float and total slack for each activity (taking information from Microsoft 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).

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