• For the network shown below, the project indirect cost for each day is $1,000. The following is the crashinginformation:StartActivityBCEA(7)B. Activity BC. Activity CD. Activity DE. Activity EC(5)D(4)Cost per day to crash$250$300$600B(10)E(9)F(2)Number of days activity maybe shortened/crashed1121. If you crash this project to reduce the total time by one day aslong as the crashing cost is less than $1,000, which activity(activities) should you crash?A. Activity A

Here two paths are being formed i.e. ABF and CDEF ABF duration = 7+10+2 = 19 days CDEF duration =…

Answered: For the network shown below, 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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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
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A local bank is busy with a website redesign project which has been running for ayear now. The purpose of this project is to launch the new website using XML‐basedtechnology providing online customers with access to real‐time account balanceinformation and other banking facilities. The baseline budget for the project was setat R2 million and estimated completion was 15months after projectcommencement. In your own words, discuss what a baseline budget is and its relevanceusing the scenario.
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The following is a table of activities associated with a project at Rafay Ishfaq's software firm in Chicago, their durations, what activities each must precede and the crash cost to reduce duration per week Activity Duration (weeks) Precedes Crash Cost/Week A (start) B C E F (end) 3 2 4 1 4 Activity B, C E F F Suppose that Ratay is only given 9 weeks (instead of 11) to complete the project. By how many weeks should each activity be crashed in order to meet the deadline? Assume that you can crash an activity down to D weeks duration A B C $380 $130 $240 $150 $420 Each Activity Should be Reduced BY (weeks) week(s) week(s) week(s)
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The expected times and variances for the project activities are given below, critical path is A-D-F-H. What is the probability of the completing the project in 31 periods? ID A B C D E F G H Description Pilot production Select channels of distribution Develop program Test market Patent Full production Ad promotion Release 55% 77% 88% 66% Predecessor None None None A A D C B,E,F,G 6 7 4 4 10 16 3 2 Variance [(b-a)/6]2 3 4 2 2 5 10 2 1
Page 3 of 5You have recently gained your APM Risk qualification and have been asked to join the University’s project team on a consultancy basis to help implement a robust riskmanagement process on the project.Section A Questionsa) List 5 Stakeholders in the projectb) State the main objectives and success criteria for the project.c) Prepare a draft risk management plan, completing all relevant sections with information obtained from the case study. Marks will be awarded according to the following scheme:i.Introductionii.Project Description iii.Purpose and Scope of Risk Managementiv.Risk Management Organisation v.Risk Management Process vi.Key deliverables d) State 5 risks that may occur on this project. Ensure that risks are stated using the formatcause – risk event – effect. e) For 2 (two) of the stated risks State who (in your opinion) the potential owner would be Explain (again in your opinion) what could be done to respond to the risk  State (in your opinion) what would be the…
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Costs for a project are $12,000 per week for as long as the project lasts. The project manager has supplied the cost and time information shown. Use the information to a. Determine an optimum crashing plan. Crashing Potential (weeks) Cost per Week Activity to Crash a 3 $11,000 b 3 3,000 first week, $4,000 others 2 6,000 d. 1 1,000 e 3 6,000 f 1 2,000 14 weeks 10 weeks a b 13 weeks 6 weeks d 15 weeks 8 weeks f e

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