Use this table as inputs to answer the questions below:ActivityDuration(months)PredecessorsTotal BudgetedCost ($)% Completeafter 3 monthsA212,000100B315,00075с8,00080DA6,00050EB10,0000FE7,500G2A4,0000If data from timesheets and other accounting records indicate that the actual amount of moneyspent on the project so far (i.e. at the end of 3 months) is $31,000, determine the following forthe entire project:A. Cost varianceB. Schedule variance23240

Possible paths and duration: A-G = 4 B-E-F = 9 A-D = 5 C = 2 The critical path would be B-E-F with 9…

Answered: Use this table as inputs to answer 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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quetion 1 a)What is a burn-down chart? What purpose does it serve? b)Why should a project manager be concerned with monitoring a project’s progress? c) Describe how the SPI and CPI can be used to forecast the final cost of a project?
Thank you for the insight. In such a question, does the fact that certain data in terms of amounts involved, require any calculations a regards fully appraising this PPP? considering this portion of the question with the referred data provide "The total project cost is US$ 649,976,167, broken down as follows: (a) US$ 577.38 million is the total cost of construction; (b) US$ 1,000,000 for working capital; (c) US$ 1,849,500 for finance costs; and (d) US$ 69.74 million) for interest during the construction period. Using the six factor characteristic model highlighted for a successful implementation of a PPP, appraise the Dual Carriage Way PPP." or we are safe to overlook this?
You are the project manager for a railroad construction project. Your sponsor has asked you for a forecast for the cost of project completion. The project has a total budget of $80,000 and CPI of .95. The project has spent $25,000 of its budget so far. How much more money do you plan to spend on the project? A. $80000 B. $84,210 C. $59,210 D. $109,210
Contingency plans usually cover three areas. Namely, (a) Start up programme. (b)Operational programme, (c) Market Analysis programme. Describe in full details, Operational and Market Analysis programme
Evaluate the below statement according to the project management terminologies and choose the correct answer: It is the process of making a forecast or precise approximation Choose... of time and cost associated with a work package or activity. Graphically describes a project consisting of well-defined Choose.. activities, the completion of which marks its end. One of the Perform Quantitative Risk Analysis process has a Choose.. Tools and Techniques. Useful for building accountability through assigning specific Choose.. tasks to team members. It is the standard format each path through the network must be continuous with no gaps, discontinuities, or dangling Choose... activities. Organizational Assets, Project Scope Statement, Cost Management Plan and Schedule Management Plan are inputs Choose.. of: Choose... Work Breakdown Structure Expert Judgment Bar chart Estimating A horizontal diagram format Plan Risk Management
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?
Q6:write briefly but relevant answer a) PERT and CPM b) Risk Management and its types.
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…
Given the data for a project in table Q3, using the following assumptions: 1. 8 hours as working day 2. The company will work all days. 3. Maximum number of workers available per day is 6 4. Activities cannot be break down 5. Budget will distributed equally per day, except for activities (B, H and L), the payment will be after two days of working: means that the first payment will be at the end of day2, then day four and so on. 6. They estimate that the work will starts on the first of November 2017 Develop a report containing the followings: Date of finish BAD O GYEK 1. 2. Early start and Slack time for each activity 3. Resource histogram 4. Cumulative Budget baseline curve 5. Interpret the final report co Table Q3 Duration (Hrs) No of Workers Budget Activity predecessor A None 48 12000 64 32000 C 16 10000 32 4. 12000 B,C 32 8000 B,C 16 6000 G B,C 16 4 10000 H. 64 16000 3. 16 4000 32 1 12000 K 32 3 16000 H. 48 1 12000 Total Budget of RM150000
How is Project Planning, Scheduling, and Controlling is managed by the OM manager?
How to Plan, direct and coordinate IT projects to ensure effectiveproject control including scope changes and project risks?
CASE EXERCISE: 4. "Demand Forecasting for an Insurance Company" For the past five years, an insurance company processed an average of 25,000 insurance claims annually. In 2010, the claims processed are shown below: Category of claims processed Non-life Insurance No. of claims adjuster personnel 9 Claims Processed 9,350 Life Insurance 4,880 12 Health care Insurance 15,000 8 Since there is a direct relationship between the number of claims adjusters needed and the category of claims processed, the insurance manager referred to their past years experiences. The Manager anticipates an increase in work load because the company is acquiring a small insurance business. the following data represent the manager's projection of the number of claims to be processed next year. Non-life insurance claims Life insurance claims Health care insurance claims 12,350 10,500 21,000 Questions: 1. What demand forecasting method should the manager use? 2. Using this method, calculate the demand for claims…

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