The following table contains information related to the car problems of 2 SUV being maintained in Toyota.ActivityImmediateTime (days)Total CostMaximumCrashPredecessor NormalCrashNormalCrashReduction incost perDurationtimedayA9.4P1,500P2000ВA310001400C8416002200C429001150EВ, D318001300 What is the probability that the project will be completed in 15 days if the standard deviation is 1.5?

Assembly line balancing means when each task is assigned to a workstation that is within an assembly…

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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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Once the project starts, Cumulative Budgeted Cost (CBC) will periodically be compared to the: to-complete performance index forecasted costs at completion cumulative actual cost none of the above
In project management why is float important?
Problem Statement: Project Control and Monitoring You are working on a manufacturing project having a budget of PKR 3,600,000 and expected time of its completion is one year. There is an ideal condition that your budget and work are evenly spread across the duration of the project that is twelve month. At the end of forth month, the senior management has called a meeting and invited all the stakeholders to brief about the status of the project. You being the PM of this project is giving the presentation to all the attendees and informed that project is on schedule and PKR 1,800,000 have already been spent on the project. Required: Calculate Cost and Schedule Variance What is SPI and CPI of the project? Estimate at completion and Estimated time to complete?
Whitbread World Sailboat Race Question: Their rationale for project crashing. The relationship between the project duration and crash costs. Risks related to crash costs.
[Project Management] Because a housing project is running late, the developer will need to complete and deliver the houses as quickly as possible. You and your management team are responsible for mitigating the situation by including a time-cost trade-off analysis into the project. You will need to include the following: Normal crash Activity Prior Days cost, RM Days cost, RM A 7,000 7,000 B A 8,000 9 8,000 B 14 6,000 12 11,000 D B 18 5,000 11 8,500 E C,D 12 8,000 12 8,000 E 20 6,000 16 12,000 E 7,000 7,000 E 11 11,000 7 15,000 G, H 10 15,000 21,000 7 I, F 6 9,000 6 9,000 Construct a network diagram (PDM), including activity early start, late start, early finish, late finish and float.
The following represents a project that should be scheduled using CPM: ACTIVITY ABCDEFGH А с IMMEDIATE PREDECESSORS IAABUDR C,D D,E F,G TIMES (DAYS) b a 1 1 3 - NTTTTE 1 1 1 1 2 m 5 WaNNASNU 2 5 4 2 2 6 3 ∞∞NWO3770 9 10 12 8
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. Click the icon to view the table. a. Based on the critical path, find the probability of completing the office renovation project by 40 days. Refer to the standard normal table. (Make sure to round all intermediate calculations for to and variance to two decimal places.) The probability is . (Enter your response rounded to four decimal places.)
Project closing actions: are performed in the "Performing" phase of the project life cycle are performed in the "Closing" phase of the project life cycle include such things as making final payments, evaluating staff, and organizing and archiving project documents a and c above b and c above a and b above
You are the project manager of a project that has $142590 as the budget at completion. 65% of the work was planned to be completed at the end of month seven but only 53% has been completed as at today with an actual cost of $78352. The project's Estimate To Completion (ETC) is closest to? 104223 Skip this question to avoid any negative score! None of the given answers 52111 O 138964 • 69482
The project described in the following table has just begun. It is scheduled to be completed in 11 weeks.Use Table B1 and Table B2. Activity Estimated Time(weeks) Standard Deviation(wks.) 1-2 4 0.70 2-4 6 0.90 1-3 3 0.62 3-4 9 1.90 a. If you were the manager of this project, would you be concerned? (Round your intermediate calculations to 2 decimal places and "Probability" values to 4 decimal places.) because the probability of finishing on schedule is only about . b. If there is a penalty of $5,000 a week for each week the project is late, what is the probability of incurring a penalty of at least $5,000? (Round your intermediate calculations to 2 decimal places and "Probability" values to 4 decimal places.) Probability Have worked this with various formulas and all come back wrong. Where am I making a mistake
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You complete your PERT calculations for your project and you have determined your expected duration is 57 weeks with a standard deviation of 1.81. You want your project to complete on your end date with a 60% probability. How many weeks before your goal end date do you begin your project?

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Vhat is the probability that the project will be completed in 15 days if the standard deviation is 1.5?