Using the following project informationOptimistic TimeEstimate(weeks)ActivityABсDEFI GHJ22.353424742The critical path is A-C-E-G-I-J.Most Likely TimeEstimates (weeks)347in in un c07357Pessimistic TimeEstimates (weeks)558713968103GHIJActivity A BCDEVariance 0.25 0.20 0.25 0.44 2.25 1.36 0.11 0.03 1.00 0.03ImmediatePredecessor(s)noneAAB, CB. CDܗ ܒ ܘ ܫH.I(a) Calculate the probability that the project will be completed in 31 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.)P(project ≤ 31) -(b) Calculate the probability that the project will be completed in 34 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.)P(project = 34)-

ActivityOptimistic timeMost likely time Pessimistic timeImmediate…

Answered: (a) Calculate the probability that the…

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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The expected number of days to completion for a different project is E(x) = 3.32 The variance of days to completion is var(x) = 1.22 The project cost involves A fixed cost (in thousands of dollars) of FC = $83.783 A variable cost for each day taken to complete the project ($000) VC = $9.774 14 The expected value of the project cost is $_______ thousand. a 109.364 b 112.746 c 116.233 d 119.828
Your vice president asked you what the Estimate at Completion (EAC) will be for a small project you are working on. You were given a budget of S50,000, and to date you have spent $40,000 but only completed $30,000 worth of work. You are sure the future work will be accomplished at the planned rate. What is the EAC ?
(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…
Give an explanation of how earned value management (EVM) may be used to keep expenses under control and monitor the overall effectiveness of a project, and then hypothesise as to why it is not utilised more often. How can one determine if the data for cost variation, schedule variance, cost performance index, and schedule performance index are healthy or unhealthy? What are some basic rules of thumb?
(i) Project's standard deviation is the square root of the variance. Write a formula in cell F48 to compute the project's standard deviation.(j)The earliest finish time for the last activity is the Project's duration. Write a formula in cell F50 to compute the project's duration. (Hint: You have to only refer to the cell range)We would like to use the variance information to compute the probability that the entire project will be complete in 35 days. Screenshot attached thank you!! z
Constraints are those factors that can limit a project. Which of the following are considered constraints (choose all that apply)? a. Quality b. Strategic Plan c. Risks d. Requirements e. People and Materials f. Project Management Information System
Based on the given scenario below, determine the common problems in project scheduling then explain howeach mistake can affect the project. 1. Client: “We want a completed project by next month.”You: “Can you give us some details about exactly what you need in the project deliverable?”Client: “You understand what we want. Just deliver that.” 2. You: “Ok, team. Phase 1 is due by next Monday. It is important. Let’s do it.” No further information. 3. You: “How long will it take to finish phase 1?”Team member: “I don’t know. Maybe 3 days.”You: “Sounds good!” 4. Client: “I know you said you won’t be done with this phase until Monday, but we really need it byThursday. What do you have to do to get it to us by then?”You (checking plan which shows this is impossible): “I really don’t think we can do that”Client: “Just get it done.”You: “Ok”. 5. Client: “When will the project be done?”You: “If everything goes according to plan, we will have the project complete in 3 weeks. So…3 weeks.” 6.…
how do i find the slack? 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.
0.
Part 1: The 5 project management groups have wide industry application in modern day project management. By using practical examples of your choice, demonstrate the practical application of the project management processes in bringing a project to a successful end (Detailed response required, also acknowledge information sources). Part 2: A gantt chart is widely applied in project management as a project scheduling tool,whose format is in bar chart form. Critically examine a gantt chart as a project scheduling tool and practically demonstrate how it can also be used as a project planning and control technique (Detailed response required, also acknowledge information sources).
19
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. Activity A B с D E F Description Plan needs Order equipment Install equipment Set up training lab Conduct training course Test system Immediate Predecessor A B A D C, E Time (weeks) Normal Crash 10 8 10 7 10 3 6 7 6 8 3 Cost ($1,000s) Normal 30 120 100 40 50 60 Crash 70 150 160 50 75

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(a) Calculate the probability that the project will be completed in 31 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.) P(projects 31) - (b) Calculate the probability that the project will be completed in 34 weeks. (Round your answer to 4 decimal places, e.g. 1.7945.) P(project ≤ 34)-