EBK OPERATIONS MANAGEMENT
14th Edition
ISBN: 9781260718447
Author: Stevenson
Publisher: MCG COURSE
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Chapter 17, Problem 12P
A project manager has compiled a list of major activities that will be required to install a computer information system in her firm. The list includes estimated completion times for activities and precedence relationships.
a. Construct a network diagram. You can use either AOA or AON (see Example 5).
b. If the project is finished within 26 weeks of its start, the project manager will receive a bonus of $1,000; and if the project is finished within 27 weeks of its start, the bonus will be $500. Find the probability of each bonus.
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Students have asked these similar questions
The project manager of Good Public Relations gathered the data shown in Table 7.15 for a new advertising campaign.a. How long is the project likely to take?b. What is the probability that the project will take more than 38 weeks?c. Consider the path A–E–G–H–J. What is the probability that this path will exceed 38 weeks?
To properly evaluate, project managers were asked to prepare AON and AOA of the project based on the information below.
PERT-CPMYu and Mi Company is planning to computerize its accounting system. Its IT consultant has determined thefollowing activities required to complete this project together with the time estimates and precedence relationships.
a. Determine the expected project completion time and the variance.b. What is the project’s critical path?c. Determine the probability that the project will be completed in 40 weeks or less.
Chapter 17 Solutions
EBK OPERATIONS MANAGEMENT
Ch. 17.3 - Will the AI technology render project managers...Ch. 17.3 - Prob. 1.2RQCh. 17 - A project manager may need two skill setsthose of...Ch. 17 - Explain the term project champion and list some...Ch. 17 - List the steps in risk management.Ch. 17 - Give some examples of ethical issues that may...Ch. 17 - What are the key advantages of using project...Ch. 17 - What is a work breakdown structure, and how is it...Ch. 17 - Identify the term being described for each of the...Ch. 17 - List the main advantages of PERT. List the main...
Ch. 17 - Why might a probabilistic estimate of a projects...Ch. 17 - Define each of these terms, and indicate how each...Ch. 17 - Why might a person wish to be involved with a...Ch. 17 - Prob. 12DRQCh. 17 - What are some aspects of the project managers job...Ch. 17 - What is the main benefit of a project organization...Ch. 17 - What trade-offs are associated with time and cost...Ch. 17 - Who needs to be involved in assessing the cost of...Ch. 17 - Prob. 3TSCh. 17 - Project management techniques have been used...Ch. 17 - Give three examples of unethical conduct involving...Ch. 17 - For each of the following network diagrams,...Ch. 17 - Chris received new word processing software for...Ch. 17 - Prepare a Gantt chart for each of the following in...Ch. 17 - a. Develop a list of activities and their...Ch. 17 - For each of the problems listed, determine the...Ch. 17 - PRINTED BY: 92248ddb24ccbc6@placeholder.10274.edu....Ch. 17 - Three recent college graduates have formed a...Ch. 17 - The new director of special events at a large...Ch. 17 - Prob. 9PCh. 17 - The project described in the following table is...Ch. 17 - The following precedence diagram reflects three...Ch. 17 - A project manager has compiled a list of major...Ch. 17 - Here is a list of activity times for a project as...Ch. 17 - The project manager of a task force planning the...Ch. 17 - PRINTED BY: 92248ddb24ccbc6@placeholder.10274.edu....Ch. 17 - Chucks Custom Boats (CCB) builds luxury yachts to...Ch. 17 - Prob. 17PCh. 17 - Create a risk matrix in the style of Figure 17.13...Ch. 17 - Create a risk matrix for this project: Explain...Ch. 17 - B. Smitty Smith is a project manager for a large...
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- a. Develop an AON network for this problem. b. What is the critical path? c. What is the total project completion time? d. What is the slack time for each individual activity? Discussion Question e. Why do you think project management is needed in this scenario?arrow_forwardNote: I don't have time... Please kindly give me all answers otherwise leave it. Help me ? Thank youarrow_forwardThe triple constraints of project management include: O A. Risk, Scope and quality O B. WBS, Scope and deliverables O C. Cost, quality and communication O D. Cost, time and scopearrow_forward
- 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?arrow_forwardIMPORTANT NOTE: All Project Management Questions are from the same Project. You only need to solve the project one time. The CEO of Carol O'Lights Manufacturing, produces custom-built relay devices for auto makers. The most recent project undertaken by Ms. O'Lights requires 11 different activities. The activities necessary to build an experimental relay model and related data are given in the following table. What is the Early Start on Activity G?arrow_forwardProject Scope Management Khan, (2006) (see below) states that, "Managing the scope of a project is the most important function of a project manager ... Effective scope management of a project also ensures the success of key completion areas, including time, cost, and quality. Project scope management can be further subdivided into its components which include: project initiation, scope planning, scope definition, scope verification, and scope change control." Based on your Integrated Project: Select two of the subdivisions above and discuss the primary issues that could arise from the process. Your response should begin with a definition of the selected subdivision before detailing the selected processarrow_forward
- a. Draw the precedence diagram b. What is the probability that the project can be completed in 24 days or less? In 21 days or less?arrow_forwardThree activities are candidates for crashing on a project network for a large computer installation (all are, of course, critical) Activity details are in the following table: a) Activity that should be orashed first to reduce the project duration by 1 day is b) Activity that should be crashed next to reduce the project duration by one additional day is c) Total cost of crashing the project by 2 days = S (Enter your response as an integer) Normal Activity Time (days) A B C 7 4 11 Crash Normal Time (days) Cost $8,000 $1,200 $4,200 6 2 9 Total Cost with Crashing Immediate Predecessor(s) $6,500 $3,000 $6.200 A Barrow_forwardSuppose you have a project with a Budget at Completion (BAC) of $250,000 and a projected length of 10 months. After tracking the project for six months, you have collected the information in the table below. a. Complete the table. How do Earned Value SPI (based on $) and Earned Schedule SPI differ? b. Calculate the schedule variances for the project for both Earned Value and Earned Schedule. How do the values differ?arrow_forward
- . 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…arrow_forwardPlease answer d, e and f only. Thanksarrow_forwardDraw a network representation of the project (nodes = activities, arrows = precedence constraints). Provide early start/early finish as well as late start/late finish times for all activities. What is the duration of the project, and which tasks are on the critical path? Task Description Duration Predecessors A Project Planning 16 days - B Evaluation Existing Apps 20 days - C Define Value Proposition 12 days B D Define User Interface 18 days B E Define Technology Requirements 22 days C and D F Document Requirements 14 days E G Develop Architecture 35 days A and F H Creation Code Design 18 days G I Roadmap Feature Development 12 days G J User Interface Development 74 days H and I K Code Development 92 days H and I L Release Testing 32 days J and K M Get User Feedback 22 days L N Bug Fixing 28 days L O Marketing Plan 54 days E P Release Product 5 days M, N and Oarrow_forward
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