Operations Management
13th Edition
ISBN: 9781259667473
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Chapter 17, Problem 2.1CQ
B. “Smitty” Smith is a project manager for a large consumer electronics corporation. Although she has been with the company only four years, she has demonstrated an uncanny ability to bring projects in on time, meet technical specifications, and be close to budget. Her latest assignment is a project that will involve merging two existing technologies. She and her team have almost finished developing the proposal that will be presented to a management committee for approval. All that remains to be done is to develop a time estimate for the project. The team has to construct a network diagram for the project. It has three paths. The expected durations and standard deviations for the paths are listed in the following table.
What project durations (in weeks) should Smitty include in the proposal for these risks of not delivering the project on time: 5 percent, 10 percent, 15 percent? What are the pros and cons of quoting project times aggressively? Conservatively?
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Students have asked these similar questions
Given the information below, estimate the probability that the noncritical path B-F-G will take more than 20 weeks. Hint: Subtract from 1.0 the probability that B-F-G
will take 20 weeks or less. Refer to the standard normal table.
Activity
A
Expected Time (weeks)
Variance
3.5
1.00
BCDE
5.5
0.96
C
4.0
0.45
12.0
1.78
6.5
2.25
F
G
9.0
2.78
4.5
0.69
The probability that this path will take more than 20 weeks to complete is
(Enter your response rounded to four decimal places.)
You are the event manager of a wedding project that is behind schedule and over budget. The client has requested some additional features that were not in the original scope.
How would you prioritize the additional features requested by the client?
What strategies would you employ to adjust the project plan and budget to accommodate these changes effectively?
Additionally, what specific tools and techniques would you utilize to monitor and control the progress and ensure the quality of the project?
Currently a company that designs Web sites has five customers in its backlog. The time since the order arrived, processing time, and promised due dates are given in
the following table. The customers are ready to be scheduled today, which is the start of day 190.
Time Since
Order Arrived
Customer
(days ago)
Processing
Time (days)
Due Date
(days from
now)
A
3
24
58
B
2
32
100
с
10
20
26
D
E
8
6
12
28
50
66
a. Develop separate schedules by using the FCFS and EDD rules. Compare the schedules on the basis of average flow time and average days past due.
Using the FCFS (first come, first served) decision rule for sequencing the customers, the order is:
Sequence
Customer
1
2
3
4
5
Chapter 17 Solutions
Operations Management
Ch. 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 - PRINTED BY: 92248ddb24ccbc6@placeholder.10274.edu....Ch. 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 - CASE: The Case of the Mexican crazy quilt 1. The...Ch. 17 - CASE: The Case of the Mexican crazy quilt 2. The...Ch. 17 - CASE: The Case of the Mexican crazy quilt 3. The...Ch. 17 - CASE: The Case of the Mexican crazy quilt 4. The...Ch. 17 - CASE: The Case of the Mexican crazy quilt 5. The...Ch. 17 - B. Smitty Smith is a project manager for a large...
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