There is an 81 percent chance the project below can be completed in X weeks or less.BMOSTACTIVITY OPTIMISTIC53BCD245EMOSTLIKELY53376MOSTPESSIMISTIC1131310134What is X?Note: Do not round intermediate calculations. Round your answer to the nearest whole number.

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Answered: There is an 81 percent chance the…

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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explains two different types of control systems and how they might be utilized to improve a client's project idea.
The following activities represent a small project to be constructed Activity Normal Duration Previous No. of Workers ( days) activity ( days) A 07 07 A(FS=1day) A(FS=3days) C(FF=0day) C(SS=5) B(FS=0) E(SS=4) D(SF=0) Using Gantt Chart ,Identify the following: В 08 08 C 09 06 07 06 E 08 08 F 08 05 12 08 H 4 05 1. The critical path of the project:. 2. The project duration in the normal level: 3. The maximum no, of workers /day : You are asked to explain your calculation by drawings.
A contractor builds three types of houses: the Aries, the Belfair, and the Wexford. Each house requires one lot, and the following table gives the number of labor-hours and the amount of capital needed for each type of house, as well as the profit on the sale of each house. There are 9 lots, 36,400 labor-hours, and $2,574,200 available for the contractor's use. Aries Belfair Wexford Labor-hours 3,000 3,700 5,000 Capital $205,000 $279,600 $350,000 Profit $20,000 $25,000 $30,000 (a) Building how many of each type of house will maximize his profit? Aries houses Belfair houses Wexford houses (b) What is the maximum possible profit? $ Need Help? Read It
A project has three critical paths: A-B-C-D-E, A-G-H-E, and A-F-I-E. Crashing costs (in thousands, per week) for each activity is listed below: Activity Crashing Crashing Crashing 1st time 2nd time 3rd time 37 1 27 4. C 26 2 8 39 4. F 28 29 2 G 27 25 H. 8. 3 What is the total cost of reducing this project by two weeks? а. 44 b. 76 C. 48 d. 50 e. 34 2] 4, O'O
1- Reducing project time Direct costs Normal Crash ID Time Cost Time Cost $500 $600 10 9. 10 $1200 6. $2000 D C 13 $3600 11 $4800 A G D 3. $300 $600 C 9. $1000 $1400 13 10 10 $2400 $5400 G $700 $700 而 IB A B
a. Why is risk identification important to a project? b. Give 3 examples how IT/MIS tools can assist with risk identification
Constraints are those factors that can limit a project. Which of the following are considered constraints (choose all that apply)? a. Quality b. Strategic Plan c. Risks d. Requirements e. People and Materials f. Project Management Information System
The production line project consists of nine major activities. Activity A D. G. H Immediate Predecessor A. B A. B CD D.F B. E.G. H The activities and their immediate predecessors are shown. Assume that the activity time estimates (in days) Activity Optimistic Most Probable Pessimistic 6. 6. 2. 4. 5 10 2 4. 2 6. 3 G 8. 10 10 3. 4. 5 a. What is the expected time to complete the project? b. What is the probability that the project can be completed in 28 days?
A project is set to be completed in 12 months with an estimated budget cost of $520,000. 6 months have passed, and expenses were $240,000. The completion of work is set to be $270,000 What is the planned value PV of the project? What is the actual cost AC of the project? What is the earned value EV of the project? Find the SPI and CPI of the project. Is the project ahead or behind schedule? Is the project under or over budget? What is the estimated cost to complete the project?
After the first month of a project, the Actual Cost was $400 and the planned cost for the first month was $500. Currently, only 50% of the work have been completed. Based on this information, calculate the following: a.Cost Performance Index b.Estimate to Complete c.Estimate at Completion
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
← Consider the following crash data for a project. Times are given in weeks. ACTIVITY A B C D E F How many week(s) of crashing are available for activity E in the table above? Activity E has sweeks of crashing available. What will be the cost of activity E if it is completed in 3 weeks? The cost will be $ NORMAL TIME 4 7 8 3 7 6 CRASH TIME 4 5 3 1 1 3 NORMAL COST ($) 1,400 5,000 5,700 2,400 1,100 2,800 CRASH COST ($) 1,400 6,200 8,700 3,800 5,900 5,200 (s) po Time

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There is an 81 percent chance the project below can be completed in X weeks or less. A B с D E