Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
12th Edition
ISBN: 9781259580093
Author: William J Stevenson
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 17, Problem 8DRQ
List the main advantages of PERT. List the main limitations.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
CASE - CAPACITY BUILDING PROJECT AIMS TO INCREASE YOUTH INVOLVEMENT IN SUSTAINABLE DEVELOPMENT Basseterre, St. Kitts, April 29, 2021 (SKNIS): St. Kitts and Nevis Youth Ambassador Corps officially launched a new project on Wednesday (April 28, 2021) designed to increase the contributions of young people to the sustainable development of the twin-island Federation. The initiative, dubbed the Youth Capacity Building Small Grants Project on Youth in Sustainable Development, will build the capacity and practical skills of young people to design, implement, and monitor interventions relevant to the social, economic, and sustainable development of youth and their communities. The project is geared towards members of youth groups specifically. It is spearheaded by the national youth ambassador corps in collaboration with the GEF Small Grants Programme (SGP), and the Departments of Youth in St. Kitts, and Nevis. The Small Grants Project is funding the initiative to the tune of US$49,970.00. SGP…
CASE - CAPACITY BUILDING PROJECT AIMS TO INCREASE YOUTH INVOLVEMENT IN SUSTAINABLE DEVELOPMENT Basseterre, St. Kitts, April 29, 2021 (SKNIS): St. Kitts and Nevis Youth Ambassador Corps officially launched a new project on Wednesday (April 28, 2021) designed to increase the contributions of young people to the sustainable development of the twin-island Federation. The initiative, dubbed the Youth Capacity Building Small Grants Project on Youth in Sustainable Development, will build the capacity and practical skills of young people to design, implement, and monitor interventions relevant to the social, economic, and sustainable development of youth and their communities. The project is geared towards members of youth groups specifically. It is spearheaded by the national youth ambassador corps in collaboration with the GEF Small Grants Programme (SGP), and the Departments of Youth in St. Kitts, and Nevis. The Small Grants Project is funding the initiative to the tune of US$49,970.00. SGP…
Identify the critical path(s)
Chapter 17 Solutions
Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
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...
Knowledge Booster
Learn more about
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
- Roger Ginde is developing a program in supply chain management certification for managers. Ginde has listed a num- ber of activities that must be completed before a training program of this nature could be conducted. The activities, immediate pre- decessors, and times appear in the accompanying table: 3.8 IMMEDIATE АCTIVITY PREDECESSOR(S) TIME (DAYS) A 2 5 1 10 A, D 3 F G E, F 8 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? PX 6. B. B. E.arrow_forwardGiven the tabulated data shown, prepare the following: 1) PERT / CPM Network . 2) Tabulated CPM Calculations . 3) Bar Chart based on the given data .arrow_forwardA project has the following activities, with specified precedents, expected durations (in days), and crash cost/day. Each activity can be crashed to a minimum duration of 1 day. (This is the same network as a previous problem.) What is the minimum total cost to shorten the project by 2 days? Round your answers to 2 decimals.arrow_forward
- 3.8 Roger Ginde is developing a program in supply chain management certification for managers. Ginde has listed a num- ber of activities that must be completed before a training program of this nature could be conducted. The activities, immediate pre- decessors, and times appear in the accompanying table: a) DrawtheappropriateAONPERTdiagramforJ.C.Howard’s management team. b) Find the critical path. c) What is the project completion time? • • 3.11 The following is a table of activities associated with a project at Rafay Ishfaq’s software firm in Chicago, their dura- tions, and what activities each must precede: ACTIVITY DURATION (WEEKS) PRECEDES A (start) 1 B, C B 1 E C 4 F E 2 F F (end) 2 — ACTIVITY IMMEDIATE PREDECESSOR(S) TIME (DAYS) A — 2 B — 5 C — 1 D B…arrow_forwardActivity Predecessor Activities Normal Crashed Duration (Days) Cost ($) Duration Cost ($) KA - 5 2000 3 5600 LB - 7 3000 4 7800 MC A 10 4000 7 6100 ND AB 11 5000 8 8000 PE B 6 2400 4 3600 RF C 8 3000 6 5100 QG C,D,E 4 4200 1 3000 SH E,G 5 5500 3 2500 What is the ES for Activity G and and LS for activity F?arrow_forward15. For the network shown: Crash Cost/week - (CC-NC)/(NT-CT) TOTAL COST-$44,000 Crash D-$1,000 Crash G-$2,000 Crash A-$3,000 0 0 ATS) Activity A B 54 C D E F 45 45 B(10) C(8) 1514 15 10 13 12 14 Normal Time 5 8 6 7 14 15 15 D(6) 21 20 19 21 a. Determine the critical path and the early completion time in weeks for the project. b. For the data shown, reduce the project completion time by three weeks. Assume a lin- ear cost per week shortened, and show, step by step, how you arrived at your schedule. 20 19 E(7) 14 13 17 F(4) 17 21 Normal Cost $7,000 12,000 5,000 4,000 3,000 6,000 7,000 21 20 21 25 G(4) 25 Crash Time 3 7 7 24 23 22 A 2 B3 C1 D1 E1 5 6 F1 3 G1 Crash Cost $13,000 18,000 7,000 5,000 6,000 7,000 9,000 A $3,000 B $2,000 C $2,000 D $1,000 E $3,000 F $1,000 G $2,000arrow_forward
- Given the tabulated data shown, prepare the following: a) PERT / CPM Network b) Tabulated CPM Calculations c) Bar Chart based on the given data .arrow_forwardQ1 ) Scenarios of a project activities (tables given below) and their required times to be completed in addition to their predecessors for developing a ‘Website’: Activity Description Duration (weeks) Preceding Activities A Determine user needs 8 -- B Review s/w and languages 4 -- C Purchase software 10 -- D Design format and style 10 B E Write programs 6 A F Review outcome product with user 12 C G Make revisions 4 C H Select server site 8 E I Install on server 14 D,F J Test 8 G,H,I Draw the path. Calculate the early finishing time (forwards calculations) Highlight the total time to complete the project (days) Calculate the late finishing time (backwards calculations) Calculate the slack time of the non-critical path activities Identify the critical path (highlight critical path activities) what would happen if activity D revised to take 14 instead of 10 days?arrow_forwardPart 1: Below matrix shows one of the important data used in project management, identify the name of the matrix and explain the roles of each person involved in this matrix. Total= 10 marks Facilities Plant Mgr HR Security Project Mgr Identify a minimum of three asphalt R contractors from Angie's List Arrange for contractor visits and quotes Review quotes and references, A R make contractor selection Review and finalize contract, lock in plant shutdown week R Communicate project to shutdown maintenance crew, make sure all R vehicles are removed from the lot Provide security gate access codes for asphalt crew by June 15 A Oversee the project during the plant shutdown week, ensure it is A R completed on time R = Responsible, A = Accountable, C = Consulted, I = Informedarrow_forward
- Activities Precedent activity A B C D E F G H ACTIVITIES FOR A CONSTRUCTION PROJECT a) b) c) d) e) A A B B, C C E, F D, E H, G Estimated Time (weeks) 4 3 2 5 1 3 4 6 Estimated Cost (US$) 10,000 6,000 4,000 14,000 9,000 7,000 13,000 11,000 20,000 Draw a Gantt chart from the above information Name all the paths available in the Gantt chart Name the Critical path in the Gantt chart What is estimated to be the maximum cost of the project? Give two merits and demerits of using a Gantt chartarrow_forwardproject developmental approach used in elliott bay sea wall rebuilding project and 3 reasons why it was usedarrow_forwardManaged by Q case wage analysis: Cleaning operators and handymen are two of the most important jobs that Manged by Q employs since they are the face of the company. 2015 pay rates and bonuses are listed in the case for the markets of New York, San Francisco, and Chicago. Managed by Q, during this time, was assessing moving into Boston, Atlanta, and Washington DC. Create a job description for each of these two roles (cleaning operators and handymen) Then assess the pay rates in 2015 vs today. What changes would you see? Finally, assess the current New York, San Francisco and Chicago rates vs Boston, Atlanta, and Washington. If Q expanded into these markets, would they be able to offer the same rates?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
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
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.
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY