Assume you are the project manager for the Tidal 2 software project. You have been asked to calculate the expected cost for theproject. Your company's database indicates that developers can handle eight function points each person-month and that the cost perdeveloper at your firm is $7,600 per month. You and your team of five developers have come up with the following requirements:(Round your "Estimated duration" answer to 2 decimal places.)ElementsInputsOutputsInquiriesFilesInterfacesCount23174131ComplexityLowEstimated total number of fuEstimated costEstimated durationLowHighMediumHighCalculate the total number of function points and the estimated cost and duration of the Tidal project? (Use "complexity weighting").X2 decimal places required.177.84 months

Project management mechanism keeps the organization on course and allows for proper modifications…

Answered: Assume you are the project manager for…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 21P

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What is the minimum cost of crashing the following project that Roger Solano manages at Slippery Rock University by 4 days? Normal Crash Activity Time (days) Time (days) A BUDI The total cost of crashing the project by 4 days is $ C E 68458 5 6335 Activity BCDE Normal Cost By how many days should each activity be crashed to reduce the project completion time by 4 days? Fill in the table below. (Enter your responses as whole numbers.) с $900 $300 $500 $900 $1,000 Total Cost with Crashing Immediate Predecessor(s) $1,000 $400 $600 $1,200 $1,600 (Enter your response as a whole number.) Each Activity Should be Reduced BY (days) | | | < 0
Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30 . The selling price per dollar of sales is: $1.00 Determine the effect on the break-even point in sales dollars considering each of the following independently. 1. Total fixed costs increase to $365,000. Break-even point = ÷ = 2. Variable costs decline to $0.25 per sales dollar. Break-even point = ÷ = 3. The anticipated sales volume increases to $1,100,000. Break-even point = ÷ = Comment on the BEPs from the above analyses in questions 1,2,3.
You are the Laboratory manager of a medium sized 120-bed hospital, and you are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is possibility that a budgetary cutback will be needed to alleviate the situation. Each departmental management is being given one week to plan how to accomplish a cost reduction of 10% within his/her department. Should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. Issues and Questions to Consider: 1.What criteria will you use to determine the best plan of action? 2.What type of long-range planning should be considered?
You are managing a software project with an initial budget estimate of 5 million USD. During interim cost and schedule performance analysis, you figured out that: You should have spent $650,000 till now based on your initial plans and 1,500 man/days of scheduled activities You spent $425,000 till now and completed 600 man/days of scheduled activities which should have cost $525,000 based on your initial plans. You re-estimated the budget required for the remaining work to be done as $4,500,000. Identify: BAC PV AC EV ETC Calculate: CPI SPI CV SV VAC EAC TCPI Once you've calculated this, what does it mean for your project and your stakeholders? Note: You won't be able to view anyone else's response until you've posted yours. Also, feel free to use Google, if needed to help give you further clarity on the formulas being used. Be sure to submit an initial, substantive post by Friday at 11:59 p.m. CST.
You are the Laboratory manager of a medium sized 120-bed hospital, and you are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is possibility that a budgetary cutback will be needed to alleviate the situation. Each departmental management is being given one week to plan how to accomplish a cost reduction of 10% within his/her department. Should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. Issues and Questions to Consider: 1.Identify the steps in developing short0term goals to address the potential reduction in resources described above 2.What type of information will you need to gather to assess your current state and develop a plan?
Let’s assume you are the new full time manager that the school has hired to take over running the wellness center and create 2 new programs to bring in more students/faculty to use the facilities. You’ve been given permission and budget to hire 2 assistant managers, 1 personal trainer, 2 employees (desk attendant/operations/floor coverage for safety) and 2 student workers (desk/attendant/operations). You need to create a proposal to give to the school on ways to improve the wellness center. Think: How will you market these new changes to students and faculty? What methods will you use? How much will that cost? How will you know these methods have been successful (what can you do to check this)? Provide 1 example of a marketing strategy ( flyer, instagram post, etc) Marketing Plan Method: Cost: Success measurement: Example:
Let’s assume you are the new full time manager that the school has hired to take over running the wellness center and create 2 new programs to bring in more students/faculty to use the facilities. You’ve been given permission and budget to hire 2 assistant managers, 1 personal trainer, 2 employees (desk attendant/operations/floor coverage for safety) and 2 student workers (desk/attendant/operations). You need to create a proposal to give to the school on ways to improve the wellness center. What 2 new programs are you adding? ( examples might be: Yoga class in the gym, Crossfit program outside, water aerobics, walking club, etc) You have use of the gym and the pool. Do you need any equipment? (dumbbells, yoga mats, certifications for the employees or hiring an independent contractor,etc) How much will that cost? Provide a description of the new program and then list out the following: For each program you must list: Purpose: (How will this benefit the member and facility?)…
Let’s assume you are the new full time manager that the school has hired to take over running the wellness center and create 2 new programs to bring in more students/faculty to use the facilities. You’ve been given permission and budget to hire 2 assistant managers, 1 personal trainer, 2 employees (desk attendant/operations/floor coverage for safety) and 2 student workers (desk/attendant/operations). You need to create a proposal to give to the school on ways to improve the wellness center. What are the hours of the fitness center? Are they different from the current hours? Why or Why not? Are there times for the teams to work out without students/faculty? What is the schedule for employees? Proposed Hours: ____________________________________ Reasoning: Team Work out times ( if applicable): ___________________ Employee Schedule: Sun Mon Tues Wed Thurs Fri Sat Manager Asst. Manager 1 Asst. Manager 2…
You are managing a software project with an initial budget estimate of 5 million USD. During interim cost and schedule performance analysis, you figured out that: You should have spent $650,000 till now based on your initial plans and 1,500 man/days of schedule activities You spent $425,000 till now and completed 600 man/days of schedule activities which should have cost $525,000 based on your initial plans. You re-estimated the budget required for the remaining work to be done as $4,500,000. Identify: BAC PV AC EV ETC Calculate: CPI SPI CV SV VAC EAC TCPI
(3) A project was planned using PERT. Its expected completion time was determined to be 85 days. The variance of the critical path is 49. What is the probability the project will be completed within 75 days (5 decimal places)? Let X = the project completion time. P(X Please show how you use the Normal Curve Table to obtain your answer in the space below. (4) Perform a project management analysis for the data given below to determine ES, EF, LS, LF, and slack for each activity, the total project completion time, and the critical path. Predecessors Activity A B с D D Time (weeks) 13 12 10 9 E F G H - A A Activity E C, E D, F (a) Draw a network with 1, ES, EF, LS, and LF (follow the same format as Figure 11.5 on p.394). F G H (b) Complete the following table (similar in format to Table 11.3 on p.396). Activity Time (weeks) ES EF LS A B с (c) Identify the critical path(s): (d) Based on your analysis, the project completion time is: Time (weeks) Predecessors B B 11 13 17 14 LF Slack…
A small publishing company is planning to publish a new book. The production costs will include one-time fixed costs (such as editing) and variable costs (such as printing). There are two production methods it could use. With one method, the one-time fixed costs will total $49,465, and the variable costs will be $11.25 per book. With the other method, the one-time fixed costs will total $19,240, and the variable costs will be $19 per book. For how many books produced will the costs from the two methods be the same?
Preliminary plans are under way for the construction of a new stadium for a major league baseball team. City officials have questioned the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. Corporations and selected individuals may buy the boxes for $310,000 each. The fixed construction cost for the upper deck area is estimated to be $4,960,000, with a variable cost of $155,000 for each box constructed. (a) What is the break-even point for the number of luxury boxes in the new stadium? X = (b) Preliminary drawings for the stadium show that space is available for the construction of up to 52 luxury boxes. Promoters indicate that buyers are available and that all 52 could be sold if constructed. (i) What is your recommendation concerning the construction of luxury boxes? Build the luxury boxes. Do not build the luxury boxes. (ii) What profit is anticipated (in dollars)? (Enter a negative value if a predicted loss.)

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