Three recent college graduates have formed a partnership and have opened an advertising firm. Their first project consists of activitieslisted in the following table. Use Table B.ΤΙME IN DAYSImmediateActivityPredecessorOptimistic Most Likely PessimisticA7B8811CA68119.1215E6FD7GF237HB44IH78EndE, G, IClick here for the Excel Data Filea. What is the probability that the project can be completed in 24 days or less? In 21 days or less? (Round your te and z values to 2decimal places and "Standard deviation" to 3 decimal places. Round your final answers to 4 decimal places.)DaysProbability24 days or less21 days or less b. Suppose it is now the end of the seventh day and that activities A and B have been completed while activity D is 50 percentcompleted. Time estimates for the completion of activity D are 5, 6, and 7. Activities C and H are ready to begin. Determine theprobability of finishing the project by day 24 and the probability of finishing by day 21. (Round your intermediate calculations to 3decimal places and final answers to 4 decimal places.)ProbabilityDay 24Day 21c. The partners have decided that shortening the project by two days would be beneficial. They have estimated the daily crashingcosts for each activity in thousands, as shown in the following table. Which activities should be crashed?ActivityFirst CrashSecond Crash$8$10$9$7$8$10$11$10DE$9$9FG$7$6H$8First Activity to CrashSecond Set of Activities to Crasho o 00

Expected time Te=Optimistic Time +4×Most Likely Time +Pessimistic Time6 Variance σ2=Pessimistic Time…

Answered: Three recent college graduates have…

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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please answer all parts within 30 minutes.
If hand written ...i'll rate....plz solve it fast... Hand written plz
A T= 4 T= 3 F T= 3 T= 3 D E G T= 1 T= 2 T= 2 The network diagram of a project along with the activity durations (T) is given in the figure. Which activities form one of the critical paths? @orsdemir. Copyrighted Content. Cannot be posted. CDEG O ABF О СВF O CF O None of these
Suppose that you are assigned to a construction project which is planned to be build as early as possible. As a planning engineer you have to find the right sequence of activities in order to complete the project on time. Use Gantt (Bar) Chart and calculate total duration and determine the critical path of the project. Immediate Estimated Activity Predecessors Duration A 2 weeks A 4 weeks в 10 weeks D 6 weeks E 4 weeks S weeks 7 weeks 9 weeks 7 weeks 8 weeks 4 weeks E G D E, G F, I K 5 weeks 2 weeks 6 weeks м H N K, L Immediate Predecessor (Finish to Start) Construct Gantt Chart of the project.
There are various tools and techniques that are available to the project team to help ensure project success. Identify the tool used to decompose the project scope into smaller, more manageable units. O A. Network diagram OB. Scope statement O C. Work breakdown structure O D. Project Charter
c. Draw a Gantt chart for this project based on the earliest times
You are in charge of a project at the local community center. The center needs to remodel one of the rooms in time for the start of a new program. Delays in the project mean that the center must rent other space at a nearby church at additional cost. Time and cost data for your project are contained in the table. Your interest is in minimizing the cost of the project to the community center. a. Using the normal times for each activity, what is the earliest date you can complete the project? b. Suppose the variable overhead costs are $50 per day for your project. Also, suppose that the center must pay$40 per day for a temporary room on day 15 or beyond. Find the minimum-cost project schedule.
Based on the diagram in question 3, what happens to the project duration if Activity C is done at the same time as Activity D? The duration is shortened by 1 day The duration is lengthened by 1 day The duration is shortened by 4 days The duration is not affected
. 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…
The prime objectives of project management are cost, time andA. ScheduleB. QualityC. Customer satisfactionD. Performance.
The following represents a project that should be scheduled using CPM a. Complete the table b. Draw the Network Diagram c. What is the critical path? d. What is the expected project completion time?' e. What is the probability of completing this project within 16 days?
What are the main characteristics of a Project? a. Budget, Scope, Schedule, Change Management b. Focused on IT, Engineering, Risk Management c. All of the options listed d. Broad, exceed one year in duration, operational e. Unique, Specific Deliverables, Specific due date..

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