
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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11. Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is
24
months, and the project variance is
4.
Part 2
a) The probability that the project will be completed in
20 months = ______
(round your response to four decimal places)Expert Solution

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- B indicate critical path C what is expected completion for the project? D what is the probability that the project will take more than 30 days to complete?arrow_forwardExample 2.39 Table 2.119 provides normal and crash times as well as normal and crash costs for the activities of a project. Table 2.119 Project activity details Activity Normal Time (Weeks) Normal Cost (Lakhs) Crash Time (Weeks) 1-2 3 5 2-3 4 8 2-4 3 4 2-5 8 S 3-6 4 3 4-6 6 2 5-7 5 10 6-7 3 7 1 3 2 7 2 4 4 1 Crash Cost (Lakhs) 9 14 6 6 5 3 14 10 Project Network Analysis-1 | 141 (a) Draw the network and find the critical path. (b) Using the above information, crash or shorten the activities step by step until the shortest duration is reached. MMM, VI Sem, Mumbai Univ, 2006arrow_forward#9arrow_forward
- Can i get help with the question below please and thank you 16) This could be a rover, probe/satellite, manned mission, telescope, etc. This mission must be accomplished using technology that is available today (no Warp or Epstein drives) and must be accomplished within your lifetime. Your mission will not be a copy of a real mission. Constraints: ▪ Answer using the underlined subheadings at each point below (Mission Objective, Target, Instrumentation), marks will be deducted for poorly organized answers. ▪ You target must be reachable by whatever you are sending within a human lifetime (~75 years), it would be nice to visit Gliese 581c, but it is 20 light years from Earth so for now it is unreachable. What this means is that you are constrained to our solar system except for telescopes that peer into the universe or a probe getting to interstellar space. ▪ If your mission includes sending humans, then we need to estimate a reasonable limit on how far we can send humans. For our…arrow_forwardConsider the office renovation project data in the following table. A "zero" time estimate means that the activity could take a very small amount of time and should be treated as a numeric zero in the analysis. a. Based on the critical path, find the probability of completing the office renovation project by 39 days. Refer to the standard normal table (Make sure to round all intermediate calculations for te and variance to two decimal places.) The probability isarrow_forwardThe following information relates to a project (task times are in weeks). Use the information to solve for the critical path and then to determine the probability that the project could be completed within 36 weeks. Task A B C D E F Preceding Tasks to 4 4 2 None A B D, E tm 6 7 7 8 13 9 8 0 W CON 6 tp 8 10 12 18 15 10 Click the icon to view the table of standard normal probabilities. The probability that the project is completed within 36 weeks is. (Enter your response rounded to four decimal places.)arrow_forward
- 21. The following table provides the information necessary to construct a project network and project crash data: Activity (i, j) Activity Predecessor Activity Time (weeks) Normal Crash Activity Cost Normal Crash a (1,2) --- 16 8 $2000 $4400 b (1,3) --- 14 9 1000 1800 c (2,4) a 8 6 500 700 d (2,5) a 5 4 600 1300 e (3,5) b 4 2 1500 3000 f (3,6) b 6 4 800 1600 g (4,6) c 10 7 3000 4500 h (5,6) d, e 15 10 5000 8000 a. Construct the project network b. Manually crash the network to 28 weeks 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.arrow_forwardEX8-14 (Algo) Given the time-phased work packages... Given the time-phased work packages and network, complete the baseline budget form for the project. 0 0 0 A 3 Design 3 3 A Design prototype B Build prototype C Order parts Legend ES ID EF SLK Descrip LS DUR LF ID A B C D E F G D Prepare production E Prepare marketing F Assemble and test G Launch Total 3 0 B 5 Build 3 2 5 Budget Cumulative 21 12 17 62 32 36 12 192 Soccer Toy Project Cost By Week ($000) 3 5 12 20 5 2 10 0 14956682 1 10 2 2 4 18 18 5 0 1 6 5 0 5 5 1 6 ... C 8 с Order 3 9 D 9 Prod. 4 9 E 10 Mktg 5 11 8 22 16 4 6 0 0 0 0 0 0 Enter the appropriate values in the truncated portion of the budget form shown below. 4 5 0 Enter the appropriate values in the truncated portion of the budget form shown below. 0 0 0 0 0 12 Time Periods 8 9 F 11 0 Assy. 9 2 11 9 11 0 11 10 G 12 Launch 1 12arrow_forwardc. Draw a Gantt chart for this project based on the earliest timesarrow_forward
- B and C are incorrect.arrow_forwardThe 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 119.828arrow_forward. 1. Project Scope & Constraints The new payroll system project has been approved. The new system will reduce clerical time and errors, improve morale in the payroll department, and avoid possible fines and penalties for noncompliance. The system must be installed by January 1st to meet new federal reporting rules, all expenses must be approved in advance, and the system should have a modular design if possible. The new system is expected to be announced in a year-end report if it is ready by mid-December. 1. Why is it important to define the project scope? How would you describe the scope of the payroll project in this case? 2. Based upon the project scope, identify the constraints, and determine its characteristics: present versus future, internal versus external, and mandatory versus desirable. 3. What questions would you ask to determine the feasibility of this project? 4. Given the project time constraints, could you shorten the typical steps in the preliminary investigation…arrow_forward
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