Use this table as inputs to answer the questions below:ActivityDuration(months)PredecessorsTotal BudgetedCost ($)% Completeafter 3 monthsA212,000100B315,00075с8,00080DA6,00050EB10,0000FE7,500G2A4,0000If data from timesheets and other accounting records indicate that the actual amount of moneyspent on the project so far (i.e. at the end of 3 months) is $31,000, determine the following forthe entire project:A. Cost varianceB. Schedule variance23240

Possible paths and duration: A-G = 4 B-E-F = 9 A-D = 5 C = 2 The critical path would be B-E-F with 9…

Answered: Use this table as inputs to answer 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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Using the information given and the project completiontime calculated in Problem 9(a), reduce the completion time ofthe project by 3 weeks in the most economical way.
4. Using a discounted rate of 12 percent, INITIAL COST NET CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 PROJECT A (BROILER) K100,000 (20,000) 10,000 40.000 40.000 150.000 PROJECT B (LAYERS) K100,000 33,000 33,000 33,000 33,000 33,000 a. Determine the net present value of project A and B b. Calculate the IRR on mutually exclusive investment of project A and B. C. Which project must the farm undertake and why?
Why are preliminary estimates prepared?
The expenses for your project are consistently showing the same CPI for each month of the project completed so far, and there are two months left in the project. Which formula should you use to calculate the project's estimate at completion? A) AC + ETC B) BAC / CPI C) AC + (Remaining PV / CPI) D) AC + BAC - EV
Select the best answer for the following questions: 1) An ongoing process that evaluates and implements functions that drive a business is: a) Mission impossible b) Continuous improvement c) Quality control d) Cost effectiveness 2) Project Schedules are meant to provide a path forward to guide the project planning process, but not all activities are on the 'critical' path. Those activities not on the Critical Path are distinguished by including: a) Cost of activity b) Total Float c) Long Lead time d) Negative Lag 3) At what point in an engineering project is the Engineer involved? a) Conceptual Development b) Providing specifications c) Design Development d) Financial pro-forma 4) Engineers are characteristically good at all of the following but: a) Analyzing critical data b) Providing alternate solutions to process development c) Delegating tasks for a project d) Provide Quality control during design.
Why are accurate estimates critical to effective project management?
The manager of the Oak Hills Swimming Club is planning the club’s swimming team program. The first team practice is scheduled for May 1. The activities, their immediate predecessors, and the activity time estimates (in weeks) are as follows: Activity Optimistic Most Probable Pessimistic Immediate Predecessors A 1 2 3 - B 4 6 8 A C 2 4 6 A D 1 2 3 B, C E 2 3 4 B F 1 2 3 A G 1 2 3 D H 1 2 3 G I 1 1 1 E, H, F A. Draw a project network for this problem. B. Fill in all the blanks in the following table. Note: For variance (σ2) in activity time, keep two decimal places. Activity Expected Time t (weeks) Variance σ2 ES EF LS LF Slack Critical Path? A B C D…
The expected times and variances for the project activities are given below, critical path is A-D-F-H. What is the probability of the completing the project in 31 periods? ID A B C D E F G H Description Pilot production Select channels of distribution Develop program Test market Patent Full production Ad promotion Release 55% 77% 88% 66% Predecessor None None None A A D C B,E,F,G 6 7 4 4 10 16 3 2 Variance [(b-a)/6]2 3 4 2 2 5 10 2 1
Describe the responsibilities of a business analyst in gathering and defining project requirements.
How does the role of a Solution Consultant differ from a Business Analyst when gathering project requirements?
Select a project in Ghana, say Ghana’s National Health Insurance or planting for food and jobs, and specify the following along the Result Chain. 1. The project output(s), outcome(s), and the impact (Goal)2. Provide the indicator(s) for measuring the output(s), outcome(s), and impact, and define the various indicators used. 3. List/show the baseline, target, means of verification, frequency and responsibility under the resulting chain ie input(s), output(s), outcome(s), and impact.Below is the operational definition for some key terms in the assignment. Impact (Goal): The ultimate goal or change that the project or program aims to achieve.Outcomes: The specific changes or benefits that are expected to result from the project’s activities.Outputs: The tangible products, services, or goods that result from project activities.• Indicator: These are measurable signs of change or progress which are used to assess whether the project is achieving its outcomes and outputs. • Indicator…
3.1 Use the generated information to calculate the NPV of the project, to decide whether to go ahead with the project. Investment required Expected economic lifetime R200 000 5 years. Minimum required rate of return 10% Net annual cash inflows 1st year 2nd year R40 000 R100 000 R90 000 3rd year R40 000 4th year R30 000 5th year

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