QUESTION 1 OF 40You have three estimates for an activity in a project budget, as shown in the table below. Using the beta distributionmethod, what are the estimated hours?Number of HoursOptimistic estimateMost likely estimatePessimistic estimate60O 1008066.676080100 QUESTION 2 OF 40Some information can be communicated through charts. To share information about a project's timeline, which chartwould a project manager most likely use?a Gantt charta pie charta Pareto chartO a P31 chartPrevious Next

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Answered: QUESTION 1 OF 40 You have three…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Q1. Project Planning and Quality Management: a) Develop a comprehensive project plan that includes the scope, objectives, timeline, and resource requirements for the development and production of the product related to Central Cable Berhad (CCB). b) Identify key quality management principles that will be crucial in ensuring the product meets industry standards and customer expectations. c) Propose a quality control plan outlining methods, tools, and checkpoints to ensure the consistent quality of the electric wires.
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?
. Assume that a project has an expected total duration of 25 days, but several optimistic employees feel that it can be completed in as little as 18 days, while others expect it to take nearly 40 days. Using program evaluation and review technique calculations, what is the project duration to be used in project Gantt charts and other tracking tools?2. If a critical path method calculation of project duration was 25 days, how does the program evaluation and review technique calculation in Question 1 compare?
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
State various usage of Gantt charts in project management ?
Q4) What Is Project Quality Management? Write briefly about the five Cost Categories Related to Quality .Describe about Quality Assurance.
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A 5 B 3 E 12 What is the LS for Activity E?
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QUESTION 1 OF 40 You have three estimates for an activity in a project budget, as shown in the table below. Using the beta distribution method, what are the estimated hours? Number of Hours Optimistic estimate Most likely estimate Pessimistic estimate 60 100 O 80 66.67 60 80 100