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- Whitbread World Sailboat Race Question: Their rationale for project crashing. The relationship between the project duration and crash costs. Risks related to crash costs.[Project Management] Because a housing project is running late, the developer will need to complete and deliver the houses as quickly as possible. You and your management team are responsible for mitigating the situation by including a time-cost trade-off analysis into the project. You will need to include the following: Normal crash Activity Prior Days cost, RM Days cost, RM A 7,000 7,000 B A 8,000 9 8,000 B 14 6,000 12 11,000 D B 18 5,000 11 8,500 E C,D 12 8,000 12 8,000 E 20 6,000 16 12,000 E 7,000 7,000 E 11 11,000 7 15,000 G, H 10 15,000 21,000 7 I, F 6 9,000 6 9,000 Construct a network diagram (PDM), including activity early start, late start, early finish, late finish and float.3.1 Use the generated information to calculate the NPV of the project, to decide whether to go ahead with the project. Investment required Expected economic lifetime R200 000 5 years. Minimum required rate of return 10% Net annual cash inflows 1st year 2nd year R40 000 R100 000 R90 000 3rd year R40 000 4th year R30 000 5th year
- From the following data, calculate BAC, BCWS, BCWP, ACWP, EV, CV and SV when the Status Checking Date is May 5, 2017. Is the project over or under budget? By what percentage? Is the project behind or ahead of schedule? By what percentage? Project Status Status Checking Date 5/5/2017 Actual Effort Estimated Actual Completion Estimated Work Effort by Status Checking Date Completion Date Tasks Date (mm/dd/yy) (mm/dd/yy) (Person Days) (Person Days) 10 2/5/2017 2/5/2017 15 20 3/15/2017 3/25/2017 20 25 4/25/2017 4. 25 25 5/5/2017 4/1/2017 15 10 5/25/2017 10 5 6/10/2017 7 5 6/15/2017 HTML Editor 2. 3. 5.Project closing actions: are performed in the "Performing" phase of the project life cycle are performed in the "Closing" phase of the project life cycle include such things as making final payments, evaluating staff, and organizing and archiving project documents a and c above b and c above a and b abovewhat does a planning of a look ahead schedule involve? Is it verifying if punch list items have been completed, rescheduling activities due to constraints or holding weekly meetings with ll project participants?
- ← Consider the following crash data for a project. Times are given in weeks. ACTIVITY A B C D E F How many week(s) of crashing are available for activity E in the table above? Activity E has sweeks of crashing available. What will be the cost of activity E if it is completed in 3 weeks? The cost will be $ NORMAL TIME 4 7 8 3 7 6 CRASH TIME 4 5 3 1 1 3 NORMAL COST ($) 1,400 5,000 5,700 2,400 1,100 2,800 CRASH COST ($) 1,400 6,200 8,700 3,800 5,900 5,200 (s) po TimeB/U pe Activity A B D 11. A project has the activity duration and cost information indicated in the table where all times are in weeks. There is a penalty of $4,000 per week for every week the project exceeds 37 weeks. What is the lowest total cost for completing this project? Predecessor Time 18 11 A A B C E D Normal A H 12 15 3 19 Asbe de ABC' AMBBC RACE AB 7 8 12 6 Normal Cost Crash Time Crash Cost $22,000 $32,000 $62,000 $18,000 $35,000 $8,000 $23,000 $32,000 $56,000 $12,000 5 $18,000 19 $22,000 $9,000 $15,000 $5,000 $13,000 $20,000 $45,000 2 5 4710 1210 240 Smoothing the Resource Profile Manual Heuristic Solution: Method of Moments RC LANDING SE20 Exercise 3: In the AOA network shown below, activities' durations are shown on top of arrows while resource (R1) requirements are shown in parenthesis below each activity's arrow. Draw an early and late bar charts for this project and compare between them. Which profile you believe is better and why? Can you suggest a better profile than both? 8 3 2 4 (5) (4) RH Dining 5 chen (4) Family 1 6. 4 (3) (4) SEE DE TAL 3 7 5 8 2 8 10 10 3 11 (3) (5) (3) (3) (6) Rumpus PERGOLA
- You have been assigned a project and in your preliminary planning you have developed table 2 below, it outlines eight activities (A to H) that must be completed. For each activity you have obtained the estimated duration, cost per day and the prior task(s). Activity A B с D E F G H Z Duration (days) 3 4 12 6 16 15 Cost/week ($) 2500 6000 3000 10000 15000 10000 7 8 0 Prior Tasks None B, D C, E E, F,G 0 All *Assume that there are five (5) workdays in each week Table 2 2000 2500 A A, B A, B D Using the information provided: a) Create a network diagram for the project. b) Construct a Gantt Chart for the project. c) Determine the minimum time in which the project can be completed. 1Below are the data for a Time-Cost CPM Scheduling analysis. The time is in days and the costs include both direct and indirect costs. Activity A B с D E Immediate Normal Predecessor Time None A A B and C D 3 4 1 3 2 Crash Time 2 3 1 2 1 a) Total time is 8 days, total cost is $2650 If you crash this project to reduce the total time by four days, what is the total time of the project and total cost? b) Total time is 9 days, total cost is $2300 c) Total time is 10 days, total cost is $2500 Normal Cost $200 $300 $200 $500 $500 d) Total time is 8 days, total cost is $1850 Crash Cost $400 $600 $200 $550 $900On June 12, 2013, the Delta Corporation was awarded a $160,000 contract for testing a product. The contract consisted of $143,000 for labor and materials, the remaining $17,000 was profit. The contract had a scheduled start date of July 3. The network logic, as defined by the project manager and approved by the customer is the following: NETWORK LOGIC / ACTIVITY TIME (Weeks) AB 7 AC 10 AD 8 BC 4 BE 2 CF 3 DF 5 EF 2 FG 1 On August 27, 2013, the executive steering committee received the following report indicating the status of the project as of this time (end of week 8) ACTIVITY % COMPLETE ACTUAL COST TIME REMAINING (Weeks) AB 100 $23,500 0 AC 60 $19,200 4 AD 87.5 $37,500 1 BC 50 $8,000 2 BE 50 $5,500 1 Is the project ahead of schedule or behind schedule and over budget or under budget? What recommendations would you make for this project?