5. By using data below : a. Make a project network b. Determine the expected time needed to finish the project & critical path c. Determine the variance of the project d. Determine the probability that the project will be completed in 40 weeks or less Activity Activity times Predecessor a a 5 8 17 b 3 12 15 4 7 10 d a 5 8 23 e b,c 1 b,c d,e d,e 1 4 13 3 6 9 1 2.5 7 i h 1 1 1 f,g g,i j k 5 8 11 E

5. By using data below : a. Make a project network b. Determine the expected time needed to finish the project & critical path c. Determine the variance of the project d. Determine the probability that the project will be completed in 40 weeks or less Activity Activity times Predecessor a a 5 8 17 b 3 12 15 4 7 10 d a 5 8 23 e b,c 1 b,c d,e d,e 1 4 13 3 6 9 1 2.5 7 i h 1 1 1 f,g g,i j k 5 8 11 E

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Using PERT, Adam Munson was a ble to determinethat the expected project completion time for the construction ofa pleasure yacht is 21 months, and the project va riance is 4.a) What is the probability that the project will be completed in17 months?b) What is the probability that the project will be completed in20 months?c) What is the probability that the project will be completed in23 months?d) What is the probability that the project will be completed in25 months?e) What is the due date that yields a 95% chance of completion?
Using PERT, Adam Munson was able to determinethat the expected project completion time for the construction ofa pleasure yacht is 21 months, and the project variance is 4.a) What is the probability that the project will be completed in17 months?b) What is the probability that the project will be completed in20 months?c) What is the probability that the project will be completed in23 months?d) What is the probability that the project will be completed in25 months?e) What is the due date that yields a 95% chance of completion?
O O D 40 4 22:31 photo_2021-02-2... O By using Bar chart planning method, find the following: - Total duration for the project activities shown below - The project completion date (assume the start date is 1/3/2012 Activity A В CDEF GHIJ Duration 8 28 4 6. 4 5 6 (days) Following C,DEFGH Activity * If the project shown above had a delay of (4 days after (13working days), what would its new delivery date be? 7. 5,
The expected times and variances for the activities for a project for Test Marketers, Inc. are given below. (Assume time is provided in days.) ID 12345678 Description Pilot production Select channels of distrib. Develop mktg. program Test market Patent Full production Ad promotion Release Predecessor None None None 1 1 4 3 2,5,6,7 t₂ 6 7 4 4 10 16 3 2 Varlance [(b-a)/6]² 34225221 10
A Project ACTIVITY 2-3 2-4 3-5 4-5 4-6 S Lo 6 hus 7 7-8 7-9 8-10 9-10 Ⓒfind Construct find the the following Chorracteristics: OPTIMISTIC the 1 1 3 3 4 6 2 5 1 3 the PESSIMISTIC network 5 5 4+ 7 6 6 8 3 7 MOST LIKELY 3 44 3 5 4 6 5 Critical path and Variance for each Event at 95% probability duration Project
Kimpel Products makes pizza ovens for com-mercial use. James Kimpel, CEO, is contemplating produc-ing smaller ovens for use in high school and college kitchens.The activities necessary to build an experimental model andrelated data are given in the following table: a) What is the project completion date?b) Crash this project to 10 weeks at the least cost.c) Crash this project to 7 weeks (which is the maximum it canbe crashed) at the least cost.
States) B E- Text Predictions: On Activity A I U 2. Given below are additional details for the Evergreen Company's construction project, i.e. three time estimates. B C D ALL E F Optimistic 0.5 ARDCCDGEe Normal 2.5 1 0.9 0.5 Most Likely 1 2 3 2 1 AaBb CcDdEe No Spacing 1 AaBbCcL AaBbCcDd. Heading 1 Heading 2 Pessimistic 2 2.5 3.5 3 1.1 1.5 a) Calculate the expected completion times and completion variances for each activity. b) What are the expected days to completion now for Evergreen? c) Compute the variance and standard deviation of the Evergreen project's completion time. d) What is the probability that the Evergreen Company's project can be completed in 6.5 days? e) What would be Evergreen Company's completion days if we needed a 95% confidence level? f) Which noncritical activities should Evergreen Company monitor closely? Why? Focus E
You are assigned as a project manager to lead a new quality improvement project. Q Management is asking for a project management plan. Which of the following should you aeate FIRSTI A A process improvement plan A quality management plan CA project scope statement D A project management plan 41 193 retu AB
4. Using a discounted rate of 12 percent, INITIAL COST NET CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 PROJECT A (BROILER) K100,000 (20,000) 10,000 40.000 40.000 150.000 PROJECT B (LAYERS) K100,000 33,000 33,000 33,000 33,000 33,000 a. Determine the net present value of project A and B b. Calculate the IRR on mutually exclusive investment of project A and B. C. Which project must the farm undertake and why?
ces Mailings Po V ates) EE E AL Review View Tell me $ Text Predictions: On 4 BIU 1. Evergreen Company wants to construct a new office building. The company has contracted a construction management contractor for this project. Given below are the details of a construction project. ✓ ✓ ✓ % Activity A 5 B C D ¶ E F — a) Construct the project network (AON) diagram for Evergreen Company and list all possible activity paths and their duration. b) Determine Evergreen Company's critical path(s). What is the duration of project competition? c) Determine the ES, EF, LS, LF, and floats for each activity. d) Construct a Gantt chart for Evergreen Company's project. AaBbCcDdEe Normal A STR 6 Predecessor(s) Duration (days) 1 2 A A B B, C E AaBbCcDdEe No Spacing !!! 3 2 1 1 & 7 E Do AaBbCcL AaBbCcDd AaBb AaBbCeDdE Heading 1. Heading 2 Title Subtitle * 00 8 I 9 Focus ( ) 0 Comm > St F
quetion 1 a)What is a burn-down chart? What purpose does it serve? b)Why should a project manager be concerned with monitoring a project’s progress? c) Describe how the SPI and CPI can be used to forecast the final cost of a project?
21. The following table provides the information necessary to construct a project network and project crash data: Activity (i, j) Activity Predecessor Activity Time (weeks) Normal Crash Activity Cost Normal Crash a (1,2) --- 16 8 $2000 $4400 b (1,3) --- 14 9 1000 1800 c (2,4) a 8 6 500 700 d (2,5) a 5 4 600 1300 e (3,5) b 4 2 1500 3000 f (3,6) b 6 4 800 1600 g (4,6) c 10 7 3000 4500 h (5,6) d, e 15 10 5000 8000 a. Construct the project network b. Manually crash the network to 28 weeks Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.