4. Calculate variance project and variance percentage 5 days' workshop trainees 20 person, andsupplies variance will be positive variance or Negative by showing table project to date.Description of theactivity5 days' workshoptrainees 20 person,SuppliesRequired:a) Find out varianceb) Percentage variancesActual cost$20,000$27,000Budgetary Variance?estimate$24,000$ 25,000Percentage variances

Variance is the difference between Actual cost and Budgeted costs. Variance = Budgeted costs -…

Answered: . Calculate variance project and…

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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15. 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 $2,000
The following table shows the various activities of the development of a new product in your organization; Activity Event Immediate Predecesor(s) Estimates of Activity Duration (Weeks) Optimistic (To) Most Likely (Tm) Pessimistic (Tp) Average (Te) 1 A - 2 3 4 ? 2 B A 1 2 ? 2 3 C A 1 ? 4 2.2 4 D B ? 5 6 5 5 E B 3 ? 5 4 6 F C 2 3 ? 3 7 G D ? 2 4 2.2 8 H E,F,G 3 4 6 ? 9 I H 3 ? 5 4 10 J I 2 1 3…
V what is feasibility Report ?Define when and why we need it And also define who prepare this document.
Q1 ) 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?
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?
The following table shows the various activities of the development of a new product in your organization. Activity Event Immediate Predecessor(s) Estimates of Activity Duration (Weeks) Optimistic (To) Most Likely (Tm) Pessimistic (Tp) Average (Te) 1 A - 2 3 4 ? 3 2 B A 1 2 3 2 3 C A 1 2.05 4 2.2 4 D B 4 5 6 5 5 E B 3 4 5 4 6 F C 2 3 4 3 7 G D 1.2 2 4 2.2 8 H E,F, G 3 4 6 4.167 9 I H 3 4 5 4 10 J I 2 1 3 1.5 Questions: Draw the PERT network from the given data. (
A B с D E FL ד G H J K L M N P R S T U V 1 On Week 3 Forecast 4 2 a) Smell Fresh Customer Orders hand 1 2 20 20 5 3 5 PAB 20 50 30 3222 4 5 6 7 8 Problem 6: Georgia Clay and Gravel was updating the MPS record for one of its products, Smell Fresh Cat Litter. Partially-completed MPS time-phased record is given below. 20 30 30 30 30 30 Week 10 30 50 20 40 10 Item: Smell Fresh On hand 1 6 Available to Promise 7 MPS 50 50 50 50 Forecast 20 8 MPS lot size = 50 9 20 10 On Week hand 2 3 4 5 6 7 8 9 20 53 43 78 30 30 30 30 30 3220 2233 -250 30 10 30 50 6 8 45 12 13 14 PAB 15 11 b) Smell Fresh Forecast Customer Orders Available to Promise 16 MPS 17 MPS lot size=50 18 19 20 21 23 24 222 Orders Projected available balance Available-to-promise MPS MPS Lot Size = 50. 50 20 40 10 50 50 50 a) Complete the MPS time-phased record (the first table on the left). The following events occurred during week 1: • Actual demand during week 1 was 25 units. • Marketing forecasted that 40 units would be needed for…
The following table shows the various activities of the development of a new product in your organization. Activity Event Immediate Predecessor(s) Estimates of Activity Duration (Weeks) Optimistic (To) Most Likely (Tm) Pessimistic (Tp) Average (Te) 1 A - 2 3 4 ? 2 B A 1 2 ? 2 3 C A 1 ? 4 2.2 4 D B ? 5 6 5 5 E B 3 ? 5 4 6 F C 2 3 ? 3 7 G D ? 2 4 2.2 8 H E,F, G 3 4 6 ? 9 I H 3 ? 5 4 10 J I 2 1 3 ? Questions: Calculate ALL the missing (?) data points. Draw the PERT network from the given data. Determine ALL the paths, the critical path and its total duration in days. Explain the limitations…
Q4) What Is Project Quality Management? Write briefly about the five Cost Categories Related to Quality .Describe about Quality Assurance.
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
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
How Can You Get to a Backlog of over 100 Projects? There are never enough resources to get everything done." Backlogs build over time. Sacred cow projects get included in the selection system. Projects proposed from people who have left the airline stil reside in the project portfolio. Non-value-added projects somehow make their way into the project portfolio. Soon the queue gets longer. With everyone in IT working on too many projects concurrently, project completion and productivity are slow. Which Projects Remain? To cut the number of projects, the steering committee used a weighting scheme that reflected the airline's priorities, which were: fly safe, generate revenue, reduce costs, and customer service. The weighting scheme easily weeded out the fluff. Coady noted that "by the time you get to the 20s the margin of differentiation gets narrower and narrower." Of the remaining projects, project sponsors had to have solid justification why their project is important. Reduction of the…

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