Operations Management
13th Edition
ISBN: 9781259667473
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 17, Problem 5P
For each of the problems listed, determine the following quantities for each activity: the earliest start time, latest start time, earliest finish time, latest finish time, and slack time. List the critical activities, and determine the expected duration of the project.
a. Problem 1a.
b. Problem 1b.
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The estimated times and immediate predecessors for the activities in a project a t George Kyparis's retinal scanning company are given in the following table. Assume that the activitytimes are independent. a) Calculate the expected time and variance for each activity.b) What is the expected completion time of the critical path?What is the expected completion time of the other path in the network?c) What is the variance of the critical path? Wha t is the variance of the other path in the network?d) If the time to complete path A-C is normally distributed, what is the probability that this path will be fini shed in 22 weeks or less?e) If the time to complete path B- D is normally distributed, what is the probability that this path will be finished in 22 weeks or less?f) Explain why the probability that the critical path will be finished in 22 weeks or…
A given task was estimated to cost $15,750 to complete. Currently, the project team has completed approximately 65% of the task, and have spent $10,500. a. Determine the indices: AC, PV, and EV b. Derive the values for cost and schedule variances, as well as cost performance and schedule performance indices. Is this project ahead or behind on schedule, and is it ahead or behind on budget?
Activities, preceding activities, normal and crashed completion times of each of the activities and
crashed costs of activities per week of a project are given in the following table.
Activity Preceding
Activity
Normal
Crashed Completion
time (week)
Crashed Cost
Completion Time
(week)
7
per week
A
7
B
$500
C
4
3
$700
$600
A
A, C
В, D
D, E
D
7
E
F
10
9.
$800
9
8
$400
i.
Draw the network diagram linking all the activities in a way that it shows if there exist any
preceding activity/activities before starting each of the mentioned activities in the above
table.
ii.
Find the earliest start time, the earliest finish time, the latest start time and the latest finish
time of each of the activities in the drawn diagram of the project and hence the completion
time of the project and the critical path.
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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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Suppose that the project team has arrived at the following time estimates for activity B (Select site and survey) of the St. John’s Hospital project: a = 7 weeks, m = 8 weeks, and b = 15 weeks a. Calculate the expected time and variance for activity B. b. Calculate the expected time and variance for the other activities in the project.arrow_forwardConsider the project described in the table below: Activity Duration A B C D E F G H 9 4 8 8 5 7 4 6 OEST-9 and LCT = 15 OEST=9 and LCT = 13 Immediate Predecessor What is the earliest start time (EST) and latest completion time (LCT) of activity B? OEST=9 and LCT = 20 OEST-9 and LCT-17 - A A A B B,C C,D E,F,Garrow_forwardDave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to determine ES, EF, LS, LF, and slack for each activity. The total project completion time and the critical path should also be determined. Here are the activity times: O Activity Time (weeks) Immediate Predecessor(s) Activity Time (weeks) Immediate Predecessor(s) E F A B C D Dave's earliest start (ES) and earliest finish (EF) are: 5 8 00 2 2 Activity HOT G ES Н EF 5 5 5 10 7 B B C, E D.Farrow_forward
- Consider a project that has been modeled as in the table below. Part a) Draw the PERT/CPM network for this project and determine the project’s expected completion time μP and its critical path. Part b) Suppose the standard deviations of the activity durations are σA = 2, σB = 1, σC = 0, σD = 2, σE = 3, and σF = 0. Then please estimate the standard deviation of the overall project’s standard deviation σP . Part c) Suppose for the standard Normal random variable Z, we know P[−1 ≤ Z ≤ +1] ' 68%, P[−2 ≤ Z ≤ +2] ' 95%, and P[−3 ≤ Z ≤ +3] ' 99.7%. Then, approximately what time T is one for which there is only a less than 2.5% chance for the completion time to beat (be shorter than)? *Please answer a-c and type your work and answers or write them neatly please* Thank youarrow_forwardConsider a project that has been modeled as in the table below. Part a) Draw the PERT/CPM network for this project and determine the project’s expected completion time μP and its critical path. Part b) Suppose the standard deviations of the activity durations are σA = 2, σB = 1, σC = 0, σD = 2, σE = 3, and σF = 0. Then please estimate the standard deviation of the overall project’s standard deviation σP . Part c) Suppose for the standard Normal random variable Z, we know P[−1 ≤ Z ≤ +1] ' 68%, P[−2 ≤ Z ≤ +2] ' 95%, and P[−3 ≤ Z ≤ +3] ' 99.7%. Then, approximately what time T is one for which there is only a less than 2.5% chance for the completion time to beat (be shorter than)? *Please answer a-c and either type your work and answers or write them neatly showing each step, please* NO EXCEL Thank you!arrow_forwardDave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to determine ES, EF, LS, LF, and slack for each activity. The total project completion time and the critical path should also be determined. Here are the activity times: Activity Time (weeks) Immediate Predecessor(s) Activity Time (weeks) Immediate Predecessor(s)A 7 - E 4 BB 8 - F 7 BC 4 A G 11 C, ED 1 A H 6 D , F Dave's earliest start (ES) and earliest finish (EF) are: Activity ES EF A 0 7 B 0 8 C 7 11 D 7 88 E 8 12 Part 7 F ? ? G ? ? H ? ?arrow_forward
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- A project has the activity duration and cost information indicated in the table where all times are in weeks. What is the total cost for completing this project in 50 days? Activity Predecessor Normal Time Normal Cost Crash Time Crash Cost A -- 8 $12,000 5 $21,000 B A 12 $20,000 9 $30,000 C A 15 $24,000 10 $60,000 D B 3 $10,000 2 $15,000 E C 9 $17,000 6 $34,000 F E 7 $5,000 6 $6,000 G D 8 $14,000 6 $20,000 H A 12 $22,000 10 $30,000 I H 6 $50,000 5 $55,000 J F, G, I 11 $33,000 9 $50,000arrow_forwardActivities, preceding activities, normal and crashed completion times of each of the activities and crashed costs of activities per week of a project are given in the following table. Activity Preceding Activity Crashed Completion time (week) Normal Crashed Cost Completion Time (week) 7 per week A 7 6. 5 $500 $700 $600 $800 $400 C A 4 3 A, C В, D D, E D 9 E 10 9. F 9 II. Find the slack time of each of the activities and the critical activities. Find the minimum possible completion time of the project by considering the crashed completion times and the minimal total cost of crashing the project. iv.arrow_forwardDave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to determine ES, EF, LS, LF, and slack for each activity. The total project completion time and the critical path should also be determined. Here are the activity times: Activity Time (weeks) Immediate Predecessor(s) Activity Time (weeks) Immediate Predecessor(s) A 7 − E 5 B B 8 − F 6 B C 4 A G 11 C, E D 3 A H 7 D , F Part 2 Dave's earliest start (ES) and earliest finish (EF) are: Part 3 Part 4 Part 5 Part 6 Part 7 Part 8 Part 9 Part 10 Dave's latest start (LS) and latest finish (LF) are:…arrow_forward
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