Operations Management
13th Edition
ISBN: 9780135173626
Author: HEIZER, Jay, RENDER, Barry, Munson, Chuck
Publisher: Pearson,
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Textbook Question
Chapter 3, Problem 31P
Development of Version 2.0 of a particular accounting software product is being considered by Jose Noguera’s technology firm in Baton Rouge. The activities necessary for the completion of this project are listed in the following table:
- a. What is the project completion date?
- b. What is the total cost required for completing this project on normal time?
- c. If you wish to reduce the time required to complete this project by 1 week, which activity should be crashed, and how much will this increase the total cost?
- d. What is the maximum time that can be crashed? How much would costs increase?
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For this assignment, you will design a risk management plan for a project titled “prolonged waiting times for patients in a large outpatient hospital” that will include the following elements:
Risk Register/Matrix (list of at least 5 (five) risks along with the associated impact and probability scores along with risk score)
Contingency plan (list of any risks you will plan for in advance along with what triggers the contingency).
Be sure to include any information useful to stakeholders on the rationale for the creation of these elements as well as any outside references supporting the risk management plan.
Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities.
Time (weeks)
Cost ($1,000s)
Activity
Description
ImmediatePredecessor
Normal
Crash
Normal
Crash
A
Plan needs
10
8
30
70
B
Order equipment
A
8
6
120
150
C
Install equipment
B
10
7
100
160
D
Set up training lab
A
7
6
40
50
E
Conduct training course
D
10
8
50
75
F
Test system
C, E
3
3
60
(a)
Develop a project network.
A project network with 8 activities and 8 directed arcs is shown.
Activity Start is connected to activity A.
Activity A is connected to activity B and to activity D.
Activity B is connected to activity E.
Activity C is connected to activity F.
Activity D is…
Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities.
Time (weeks)
Cost ($1,000s)
Activity
Description
ImmediatePredecessor
Normal
Crash
Normal
Crash
A
Plan needs
10
8
30
70
B
Order equipment
A
8
6
120
150
C
Install equipment
B
10
7
100
160
D
Set up training lab
A
7
6
40
50
E
Conduct training course
D
10
8
50
75
F
Test system
C, E
3
3
60
(a). Develop a project network.
(b) Develop an activity schedule.
Activity
EarliestStart
LatestStart
EarliestFinish
LatestFinish
Slack
A
B
C
D
E
F
(c)
What are the critical activities? (Enter your answers as…
Chapter 3 Solutions
Operations Management
Ch. 3 - Prob. 1EDCh. 3 - Give an example of a situation in which project...Ch. 3 - Explain the purpose of project organization.Ch. 3 - What are the three phases involved in the...Ch. 3 - What are some of the questions that can be...Ch. 3 - Define work breakdown structure. How is it used?Ch. 3 - What is the use of Gantt charts in project...Ch. 3 - What is the difference between an...Ch. 3 - What is the significance of the critical path?Ch. 3 - What would a project manager have to do to crash...
Ch. 3 - Describe how expected activity times and variances...Ch. 3 - Define earliest start, earliest Finish, latest...Ch. 3 - Students are sometimes confused by the concept of...Ch. 3 - What are dummy activities? Why are they used in...Ch. 3 - What are the three time estimates used with PERT?Ch. 3 - Would a project manager ever consider crashing a...Ch. 3 - How is the variance of the total project computed...Ch. 3 - Describe the meaning of slack, and discuss how it...Ch. 3 - How can we determine the probability that a...Ch. 3 - Name some of the widely used project management...Ch. 3 - Prob. 20DQCh. 3 - Draw the activity-on-node (AON) project network...Ch. 3 - Given the activities whose sequence is described...Ch. 3 - 3.5 Using AOA, diagram the network described below...Ch. 3 - Task time estimates for the modification of an...Ch. 3 - The activities needed to build a prototype laser...Ch. 3 - The activities described by the following table...Ch. 3 - A renovation of the gift shop at Orlando Amway...Ch. 3 - Kelle Carpet and Trim installs carpet in...Ch. 3 - The following is a table of activities associated...Ch. 3 - What is the minimum cost of crashing the following...Ch. 3 - Three activities are candidates for crashing on a...Ch. 3 - Development of Version 2.0 of a particular...Ch. 3 - The estimated times and immediate predecessors for...Ch. 3 - Rich Cole Control Devices, Inc., produces...Ch. 3 - Four Squares Productions, a firm hired to...Ch. 3 - Using PERT, Adam Munson was able to determine that...Ch. 3 - Clark Products makes pizza ovens for commercial...Ch. 3 - Prob. 1PCh. 3 - Prob. 2PCh. 3 - Prob. 3PCh. 3 - Prob. 4PCh. 3 - Prob. 8PCh. 3 - Prob. 13PCh. 3 - Prob. 15PCh. 3 - Prob. 17PCh. 3 - Prob. 24PCh. 3 - Prob. 25PCh. 3 - Prob. 28PCh. 3 - Prob. 33PCh. 3 - Project Management at Arnold Palmer Hospital Video...Ch. 3 - The equivalent of a new kindergarten class is born...Ch. 3 - The equivalent of a new kindergarten class is born...Ch. 3 - The equivalent of a new kindergarten class is born...Ch. 3 - At the Hard Rock Cafe, like many organizations,...Ch. 3 - At the Hard Rock Cafe, like many organizations,...Ch. 3 - At the Hard Rock Cafe, like many organizations,...Ch. 3 - At the Hard Rock Cafe, like many organizations,...
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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
- Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop an activity schedule. What are the critical activities? (Enter your answers as a comma-separated list.) Assume that the company wants to complete the project in six months or 26 weeks. What is the amount of crash time (in weeks) for each activity that minimizes…arrow_forwardOffice Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (d) Assume that the company wants to complete the project in six months or 26 weeks. What is the amount of crash time (in weeks) for each activity that minimizes cost? (A, B, C, D, E) = (e) Develop an activity schedule for the crashed project. Activity EarliestStart LatestStart…arrow_forwardOffice Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop a project network. A project network with 8 activities and 8 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B and to activity C. Activity B is connected to activity E. Activity C is connected to activity D. Activity D is…arrow_forward
- 2.To obtain reasonable assurance about the completion of the project within the timeline, the best method is which of the following? Group of answer choices To compare the estimated end date and estimated time for completion of the project To obtain confirmation from the project manager about the project completion date To obtain confirmation from the project manager about the project completion date To extrapolate the end date on the basis of completed work and resource availability 15.From among the following activities, which is the best example of a project? Group of answer choices Writing a term paper Completing a college degree Producing automobiles Processing insurance claimsarrow_forwardDevelopment of Version 2.0 of a particular accountingsoftware product is being considered by Jose Noguera'stechnology firm in Baton Rouge. The activities necessary for thecompletion of this project are listed in the following table: a) What is the project completion date?b) What is the total cost required for completing this project on normal time? c) If you wish to reduce the time required to complete this projectby I week, which activity should be crashed, and how much will this increase the total cost?d) What is the maximum time that can be crashed? How much would costs increase?arrow_forwarda. What is the project's duration if only normal times are used? b. What is the minimum-cost schedule? With the minimum-cost schedule, the project duration is ____day(s).?arrow_forward
- Project crashing is when you shorten the duration of a project by reducing the time of one or more tasks. Crashing is done by increasing the resources to the project, which helps make tasks take less time than what they were planned for. Of course, this also adds to the cost of the overall project. Therefore, the primary objective of project crashing is to shorten the project while also keeping costs at a minimum. What are the different options for crashing an activity when resources are not constrained ?arrow_forwardA project has three tasks and three members. These tasks include preparing a bill of materials task and preparing an estimated task must be the project team's responsibility, while the project manager is considered accountable for these tasks. For the Preparing estimate task, the sponsor must be informed. The third task, sending procurement documents task is the responsibility of the project manager, while the project team is accountable for this task, in the other hand the sponsor indeed must be informed of this task. Decide what is the suitable chart type that can be used to list the above tasks and mapped to everyone involved in the project using samples (R, A, C, I). Elaborate your answer by providing the full meaning of those samples and create the table that represents the relationship between these tasks and the samples.arrow_forwardGive typed full explanationarrow_forward
- You are managing a large construction project that’s been broken down intosub-projects (or phases). Each of these sub-projects is scheduled to takebetween three and six months to complete. At the end of each sub-project,you plan to go through the closing processes and document lessons learned.Which of the following BEST describes what you must do at the beginning ofeach sub-project or phase?A. Develop the preliminary scope statement for the phaseB. Make sure you don’t involve the team, to avoid introducing too much projectmanagement overheadC. Use the Earned Value Technique to decide whether or not to finish the projectD. Release all resources from the project and contact sellers to renegotiate allcontractsarrow_forwardAt times, in order to monitor the project planning, a project manager can resort to the development of a project planning by starting at the end of the project and back to the beginning. Which allows the project manager and try to identify and measure the length of the tasks that will potentially require up to the period of time the project is scheduled to take. Although this might seem to be a rational solution to preparing a project plan, the use of this tactic may significantly decrease the likelihood that the project meets its deadline. If you think that this strategy is right to build a project schedule? Talk about the rationale behind your reply. Discuss that this plan will significantly reduce the likelihood that the project would reach its deadlinearrow_forwardThe company decided that the project in the previous problem had to be expedite in order to optimize (minimize) the project cost. Expediting can be used to trade direct cost for indirect cost, since expediting reduces the indirect cost of the project by a fixed amount per day, while expediting an activity increases its total direct cost. The Accounting Department found that indirect costs amount to $100 per day, while activity direct costs as well as their normal and expedited times are given in the table below. Activity Duration (Days) Expedited Time (Days) Normal Direct Cost ($) Expedited Direct Cost ($) A 32 26 200 500 B 21 20 300 375 C 30 30 200 200 D 45 40 200 800 E 26 20 700 1,360 F 28 24 1,000 1,160 G 20 18 400 550 What is the optimal time to complete the project? What is the optimal project cost?arrow_forward
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