You are assigned your first project and if things go well you should get promoted. The CEO is aware of this project, so you have a chance for highvisibility. You want to do a good job! Your first task is to define the work break down structure by interviewing project activity managers and thefirm's friendly, yet boring, accountants to get "good estimates" of project activity times and costs. For one of the activities, the normal time is sixweeks, the crash time is four weeks, the normal cost is $7,080, and the crash cost is $16,330. What is the crash cost per week? Round your answerto the nearest dollar.$per week

Normal time=6 weekscrash time=4 weeksnormal cost=$7080crash cost=$16330

Answered: You are assigned your first project and…

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...

See similar textbooks

Similar questions

Why do IT professionals may overlook project cost management how this might affect their ability to complete projects within budget
Joe and Noël have just gotten engaged. Seeing as they are both business students, they thought that they’d try to plan out their wedding preparation as a project. Here’s the WBS they’ve determined is necessary for a simple but elegant wedding. Assume all durations are deterministic. Although perhaps not realistic to real wedding planning, use the standard calendar in ProjectLibre (use default working days in software). Based on the project you created, answer the following questions. Please note that each question is independent and not built upon each other. a) If Joe and Noël start wedding planning on January 1, 2023, when is the wedding day? b) What is the critical path? List all critical tasks in chronological order. c) Will the critical path change if Noël decides she needs two extra weeks for the Bridal Diet? If yes, what is the new critical path and when should the wedding be held? d) Assume that band auditions take twice as long as expected. Does this affect the…
One of the staff members who reports to you has requested holiday, but you are reluctant to grant the leave because during the same period your department is will be involved in a major new project. You understand that the leave in important to the staff member who wants to spend the time with his/her young children, but the project has national significance. Write an email to your manager explaining why you do not want the staff member to go on leave at this time. Provide any details which you consider relevant to support your position.
You are the project manager of the BTU AVIC project in Bolgatanga. As a result of the ongoing pandemic, you are responsible to ensure the project does not overly delay among other objectives. Required:a. Discuss five strategies for reducing the critical path of the BTU AVIC project.b. Explain five ways you can resolve the problem of resource allocation on the project. c. Using the Four-Stage Process of risk management discuss how risks could be managed on the ongoing BTU AVIC project. Identify three potential categories of team conflicts and how you will resolve such conflicts
You have just been assigned as the project manager for an ongoing project in your company. You have discovered there is no Work Breakdown Structure (WBS) which is a project management tool showing a hierarchical decomposition of the work to be executed by the project team to accomplish the project objectives. When you talked to your project sponsor about the issue, he told you that nobody in the company even knows what a Work Breakdown Structure is or what purpose it serves. He also told you that the company has executed numerous projects in the past without ever using a Work breakdown structure. However, he asked you to prepare one just in case it is really a necessary project tool. A) Using a hypothetical project in the mentioned company, prepare a Work Breakdown Structure for presentation to your sponsor.. B) Discuss the characteristics of an effective WBS and the importance of applying it to the project management cycle.
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.
Montgomery Healthcare System is a health system that has 14 hospitals and 32 outpatient clinics. The leader is responsible for working with a team of health professionals to improve clinical errors, compile reports, implement evidence based management practices, and collaborate to provide training to health professionals at all levels. The leader is working with an interdisciplinary team of various specialties, backgrounds, and personalities. This is a high visibility project as the CEO wants weekly reports on progress based on the outcomes. Unfortunately there are a few team members that do not get along and it is challenging to get these professionals to work together to achieve the goals defined. Please remember to write from a 3rd person perspective and use references to support ideas, assumptions, and answers for this analysis. Thank you! Please write a paper describing the following: Who's on the team? Define team roles? What is the actual interpersonal conflict? How…
Describe the ways in which planning may be made easier by using software designed for managing projects.Describe the situation and provide the needed details as soon as possible.
Which of the following happens during the starting phase of project management? Revise budget Assign tasks. Determine completion Solve problems. Establish team rules.
Hello I am having trouble with these two study questions for my software class. Please let me know if you can help me out. Thanks. Programmer's are overly optimistic when they estimate how long activities will take. True False Recording lessons learned from past projects is not a good source of information for estimating current projects because all projects are different. True False
Describe how project management software may be used to help with project planning.Describe and clarify the situation, as asked.
You are managing a software development project. Only 35% of the work has so far been completed, while the planned schedule called for 50% completion by this date. Originally budgeted for $250,000, the team has already spent $150,000 on the project. What is the best way to describe the state of this project? Ahead of schedule, within budget Behind schedule, within budget Ahead of schedule, over budget Behind schedule, over budget

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS