PROJECT MANAGEMENT (LOOSELEAF)-W/ACCESS
7th Edition
ISBN: 9781260216011
Author: Larson
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 6, Problem 6.2.1C
The G&E Company is preparing a bid to build the new 47,000-seat Shoreline baseball stadium. The construction must start on July 3, 2017, and be completed in time for the start of the 2020 season. A penalty clause of $250,000 per day of delay beyond April 3 is written into the contract.
Percival Young, the president of the company, expressed optimism at obtaining the contract and revealed that the company could net as much as $3 million on the project. He also said if they were successful, the prospects of future projects are bright since there is a projected renaissance in building classic ball parks with modem luxury boxes.
Given the information provided in Table 63, construct a network schedule for the stadium project and answer the following questions:
Will the project be able to be completed by the April 3 deadline? How long will it take?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
A few years ago, the Boston Globe reported that the city of Boston planned to spend $14 million to convert the FleetCenter sports
arena and entertainment center into an appropriate venue for the Democratic National Convention (DNC). The city engaged Shawmut
Design and Construction in a contractual relationship to complete the work, which was supposed to start 48 days prior to the
commencement of the DNC on July 26. However, when negotiations between Boston's mayor and the police union broke down, the
Boston Police Patrolmen's Association took to the picket lines surrounding the FleetCenter and prevented construction crews from
beginning the work. The Globe reported that "a truck attempting to deliver steel turned around after a crowd of union members stood
at a chain-link gate in front of the arena, shouting 'back it up,' and 'respect the line, buddy." Moreover, the Globe reported that “On-
duty police officers, who had been instructed to prevent pickets from restricting access, did…
Nyoka, as the assigned R&D PM, assigned Gabrielle Walters a mini project under the larger R&D Project. This mini project needs to be completed in 12 months. After consulting with Nickalia, the assigned accountant for the project, it was agreed that the approved budget for this project should be 200,000 USD with a constant burnt rate (the same amount is spent every month). Three months later, Gabrielle would have spent 50,000 USD. Upon close review, she finds that only 15% of the work has been completed, Jason Keene, a Cost Portfolio Management expert is being asked to assist Gabrielle by calculating and interpreting thefollowing:
i. The Schedule Variance (SV) and the Cost Variance (CV)
ii. the Schedule Performance Index (SPI) and Cost Performance index (CPI)
On January 1, Jack signed a contract with AT &T for his mobile phone services. The contract includes three lines with a $120 fixed payment each month plus $15 per gigabit if the data usage is more than 9 gigabits. On March 1, Jack wants to add one more phone line to the existed contract, and the payment becomes $150 fixed payment each month plus $15 per gigabit if the data usage is more than 12 gigabits. Is this change a contract modification? Please use one sentence to explain why?
Chapter 6 Solutions
PROJECT MANAGEMENT (LOOSELEAF)-W/ACCESS
Ch. 6 - How does the WBS differ from the project network?Ch. 6 - How are WBS and project networks linked?Ch. 6 - Why bother creating a WBS? Why not go straight to...Ch. 6 - Why is slack important to the project manager?Ch. 6 - What is the difference between free slack and...Ch. 6 - Why are lags used in developing project networks?Ch. 6 - What is a hammock activity, and when is it used?Ch. 6 - Here is a partial work breakdown structure for a...Ch. 6 - Draw a project network from the following...Ch. 6 - Draw a project network from the following...
Ch. 6 - Draw a project network from the following...Ch. 6 - Draw a project network from the following...Ch. 6 - From the following information, develop an AON...Ch. 6 - The project information for the custom order...Ch. 6 - You have signed a contract to build a garage for...Ch. 6 - You are creating a customer database for the...Ch. 6 - K. Nelson, project manager of Print Software....Ch. 6 - A large Southeast city is requesting federal...Ch. 6 - You are creating a customer database for the...Ch. 6 - You are completing a group term paper. Given the...Ch. 6 - You are managing a product upgrade project for...Ch. 6 - You are creating a database for the Oklahoma City...Ch. 6 - The planning department of an electronics firm has...Ch. 6 - Using Microsoft Project, set up the network and...Ch. 6 - The optical disk project team has started...Ch. 6 - From the following information, compute the early,...Ch. 6 - Given the following information, compute the...Ch. 6 - Given the information in the following lag...Ch. 6 - Given the network below, compute the early, late,...Ch. 6 - The CyClon project team has started gathering...Ch. 6 - Advantage Energy Technology Data Center...Ch. 6 - Advantage Energy Technology Data Center...Ch. 6 - Advantage Energy Technology Data Center...Ch. 6 - The GE Company is preparing a bid to build the new...Ch. 6 - The GE Company is preparing a bid to build the new...Ch. 6 - The G&E Company is preparing a bid to build the...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Owe Subject: acountingarrow_forwardThe FWO has just made the winning bid of 54 million Rs. to construct a new Building. Company has assigned you to this project to help ensure that it stays on schedule. The contract includes the following provisions: • A penalty of 300,0000 Rs. if Project has not completed construction by the deadline 47 weeks. • To provide additional incentive for speedy construction, a bonus of 150,0000 Rs. will be paid to if the building is completed within 40 weeks. Estimated Duration Crew size Activity Activity Description Immediate Predecessors (Weeks) Norm, Min. A Excavate 2 B Lay the foundation A 4 3 Put up the rough в 10 6 3 wall D Put up the roof C 6 3 Exterior plumbing C 4 2 Interior plumbing 3 G Exterior siding D 3 Exterior painting E, G 9 3 Electrical work C 3 1 J Put up the F, I 4 wallboard K install the flooring J 4 4 2 L Interior painting J 4 2 Exterior fixtures Interior fixtures M H 2 1 N K, L 6 1 Develop a comprehensive plan based on AOA or AON diagram that includes answers to the…arrow_forward1.What is the point at which an owner can begin to occupy a building or use it for its intended purpose? At the end of the warranty period After final completion When the payment bond is terminated After substantial completion 2.What is used to determine periodic payment amounts on unit price contracts? Submitted invoices, receipts, and timesheets plus the contractor's fee. A fixed, monthly installment negotiated at the start of the project. Schedule of Values and percentage completion on each pay item Unit prices originally bid and quantities measured.arrow_forward
- Rare Agri-Products Ltd. is considering a new project with a projected life of seven (7) years. The project falls under the government’s subsidy program for encouraging local agricultural products and is eligible for a one-time rebate of 25% on any initial equipment installed for the project. The initial equipment (IE) will cost $41,000,000. An additional equipment (AE) costing $3,500,000 will be needed at the end of year 3. At the end of seven (7) years, the original equipment, IE, will have no resale value but the supplementary equipment, AE, can be sold for $50,000. A working capital of $1,350,000 will be needed. The project is forecast to generate sales of agri-products over the seven years as follows: Year 1 70,000 units Year 2 100,000 units Years 3-5 250,000 units Years 6-7 325,000 units A sale price of $150 per unit for the first two years is expected and then decline to $90 per unit thereafter as the newness of the product loses some sheen. The variable expenses will amount to…arrow_forwardYou are to be the Contract Administrator on a project for a new facility of a five story Girne American University dormitory that houses 850 students. The engineer suggests that in the case of cost-plus contract 18, 10, 3 and 10 percent should be added to the actual labor, Renewing the roof coverings, materials, and Internal alterations costs respectively. In the case of the cost plus fixed fee contract, the fixed fee should be £40,000. In the case of the cost-plus sliding fee contract, the fee should be 14%, 12%, 10% for resulting total cost in the ranges of £300,000 to £350,000; £350,000 to £375,000 and £375,000 to £425,000 respectively. For the cost plus guaranteed ceiling price contract, the fee should be £50,000 less 35% of any actual cost above the target cost £350,000. The expected cost for superstructure and the installation of new equipment is £192,000. a) Calculate the expected total cost of the project. b) Which of the above negotiated contract to you recommend…arrow_forwardJenny and Chad, a couple of college seniors, send out birth announcements to their friends, including a local real estate agent named Mort. In the announcement, the couple informs everyone that they're looking to move out of student housing and into a starter home right after graduation. Mort gets right on the task of finding homes that fit their needs. Once he has a few properties on his list, Mort calls the couple and they schedule some showings. What form of agency, if any, exists between the couple and Mort? Actions of the parties have led to the creation of express agency. An explicit request for representation was made between the parties. Actions of the parties have led to the creation of implied agency. No agency relationship exists at this point between the parties.arrow_forward
- Davidson Enterprises has a policy that individual expenditures in excess of $200,000 must be approved by the firm's board of directors. Ken Franklin (the sales manager of Davidson Enterprises), unfortunately, missed the deadline to have the board consider this project at its regular Septeinber meeting. Not waating to wait atil the next meeting in December, he subdivided the project into two parts-conitrction and decorsting (S190.000), and equipment puechases (S60.000)ither of which needed board approval because of the dollar amounta volved. The project was recently completed, and sales have hegun to recover. Required: Evaluate the act of Mr. Ken using the ethical decision-making model and support your answer with the relevant ethical theoriesarrow_forwardDetermine the problem and make a solution to the problem. Lastly, make a conclusion.arrow_forwardConsider a project to build a secondary school. Prepare a report that sets and discusses the main components of a CBA of this chosen project and write as if it is being prepared for a senior civil servant, who may be interested in undertaking a full Cost Benefit Analysis for the project. At this point, the senior civil servant wants to know what the scope of the appraisal of the project would contain, and how it would be undertaken, including the details of the valuation of eventual non-market items. The report should provide details of the techniques of cost-benefit analysis and should specifically describe and detail the items (costs and benefits) being considered in the analysis. Note: not required to conduct an actual CBA or do any calculations. Structure 1. The chosen project - should be appropriate study for a social cost-benefit study 2. Set out the Cost-Benefit Analysis method being used in general terms, including the choice of the discount rate. 3. Sketch out and list the…arrow_forward
- Contract management is a critical function of these projects. Explain the risks that may occur during the performance of the above projects pertaining to contract management.arrow_forwardThe Town of Broomville, along with local arts and athletic groups, decided to erect a new community centre for sports, music, and theatre. The total estimated cost was $18,000,000 in April. Jane Borkus, president and CEO of the largest local industry. Autotech, promised to match every dollar raised through other donors, up to $9,000,000. Both she and the delighted town mayor, Geoff Johns, made the announcement over the local television station and in a joint statement in the town's newspaper. Borkus said the deadline would be 12 months. The following January, the campaign was proceeding extremely well; other donors had pledges $5,500,000 and Borkus presented a cheque for $4,000,000 as Autotech's "down payment and pledge of good will." Unfortunately, in March, Autotech lost its major contract to supply car parts to one of the big three auto manufacturers. Anticipating a large loss at year's end, Borkus withdrew the pledge and asked for the return of the down payment. Broomville will…arrow_forwardIn project managment, what are the main type of contracts?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill Education
Management (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSON
Business Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSON
Fundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY