a) Explain, with a simple example, such as the one which you produced in theseminars, what is meant by a Work Breakdown Structure (WBS) and show howit contributes to the management of projects. Distinguish between ProductBased and Function Based Work Breakdown Structures and include in youranswer a reference to Work Packages.

A project management method called a work breakdown structure (WBS) uses a step-by-step process to…

Answered: Work Breakdow ment of project Work…

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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find out slack of all activities.
How far is the project behind schedule and over budget?
Q. Given the network plan that follows, compute the early, late, and slack times. What is the project duration? Using any approach you wish (e.g., trial and error), develop a loading chart for resource Electrical Engineers (EE), and resource, Mechanical Engineers (ME). Assume only one of each resource exists. Given your resource schedule, compute the early, late, and slack times for your project. What is the project duration now? Could something like this happen in real projects? Do it in Excel Spreadsheet. Please calculate/draw the network plan with unconstrained resources. Draw the constrained resource loading schedule, then the constrained resource activity schedule (or new constrained network diagram) Explain it in detail.
I need help creating a Work breakdown structure showing a revamp of the MBA program • Project notebook. Sections to include, but not be limited to:1. Stakeholders Engagement/Management2. Team Members and their roles3. Vision/Mission/Strategy/Goals4. SOW, Project Milestones, WBS (Actions and Deliverables)5. Project Justification6. Key Issues, Risks and Opportunities7. Contingency Plans8. Change Leadership and Communication Plans9. Your assessment of the project’s success or potential success
Q/ 1- Explain this sentence:-In practice, the most common requirement for project re-planning are concerns time and cost.2- What is the relation between the planning process and statement of work, work breakdown structure?
CASE : PRIORITY RULES AT TRYTECH LIMITEDBrillian Carkenea , managing partner at a Trytech consulting firm, has requested your expertadvice in devising the best schedule for the following consulting projects, starting on July 2.Description of Consultation Call Received Due Date(close of business)Task Length(Days)Company Date TimeI 8 Mitville July 1 8:00 AM July 10II 4 Pointech July 1 9:00 AM July 8III 2 Letwork July 1 10:00 AM July 9IV 5 Chem Services July 1 11:00 AM July 15V 1 Zap Research July 1 1:00 PM July 7VI 6 Select Pro July 1 2:00 PM July 14VII 3 Opher & Sons July 1 3:00 PM July 6VIII 7 Azolph Group July 1 4:00 PM July 12The consulting firm charges a flat rate of $5,000 per day (e.g. If the length of a consultancy = 9days, the fee charged to that company = $45,000 ($5,000 x 9). All eight firms impose fines forlateness. Mitville charges a $375-per-day fine for each day that the completion of the consultingwork is past the due date; Pointech charges a fine of $400-per-day for…
Activity Immediate Predecessors Normal Time (NT) (weeks) Normal Cost (NC) ($) Crash Time (CT) (weeks) Crash Cost (NC) ($) A --- 4 $200 2 $650 B A 6 $500 4 $900 C A 5 $600 3 $1,200 D A 6 $1000 5 $1,400 E B 6 $1,500 5 $2,000 F C, D 5 $200 4 $400 G E, F 6 $600 4 $1200 Determine the minimum cost-schedule for this project to be completed in 18 weeks.?
Activity Normal_time Crash_time Normal_cost Crash_cost Slack 28 22 5800 6700 0 30 4200 4200 1 13 4500 4500 0 25 4300 6700 1 18 5700 6700 2 20 5200 6500 2 AB C D E F 30 13 33 29 Previous 34 The table shows normal time (in days), crash time (in days), normal cost (in dollars), crash cost (in dollars) and slack time (in days) of activities in a small construction project. According to this table which activity must be crashed first? Assume there is only one critical path. (Only type the name of the activity, Example: A. Next
subject: PROJECT MANAGEMENT Question : PM.346.HSF1 The Practice of Project Management Pls do not generalize the answer. Thank youuuuu TO DO: Createee aaaa Resource Breakdown Structure below. Background Joseph-McHendry Purveyors, Ltd.  (JMP) is an international retailer of fine collectibles and bibelots, including authentic antiques, objets d'art (paintings, sculptures, etc.) and expensive jewelry.   It operates on a world-wide basis, with over twenty outlets in various developed countries, and is headquartered in San Francisco.    JMP has an excellent reputation, and is known in the industry for its quality, honesty and providing "the personal touch."   Much like Nordstrom, JMP charges a premium for the products; but their clientele believe that they are getting their money's worth!  Revenues for this past year exceeded $800 M.  The firm's organization is essentially functional, with a product orientation.  Major departments include Marketing, Finance and Accounting,…
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FEW POINTS ON WORK BREAKDOWN STRUCTURE(WBS) OF HAIR SALOON 1) CONTROL 1.1) Projrct Management 1.2) Project Status Meetings 1.3) Risk Management 1.4) Update Project Management Plan
A. Target Completion Date B. Critical Path Method C. Create 2 ways of network D. Conclusion

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Work Breakdow ment of project Work Breakdow Packages.