Problem 1You are the manager of a project to improve a billing process at your firm. The table below contains the data you will need to conduct a cost analysis of the project. Indirect costs are $1,200 per week, andpenalty costs are $1,400 per week after week 12.Activity Immediate Predecessor(s) Normal Time (weeks)A000 U -EF|B, C2B a. What is the minimum-cost schedule for this project?4The minimum-cost schedule is weeks. (Enter your response as an integer.)56167751CrashTime (weeks)13661NormalCost ($)5,5007,5004,0005,5004,5003,500CrashCost ($)8,00010,0004,00012,5006,5007,000

Answered: You are the manager of a project to…

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...

See similar textbooks

Similar questions

Normal Time Problem 1 You are the manager of a project to improve a billing process at your firm. The following table contains the data you will need to conduct crashing of the project duration. Indirect costs are $1,600 per week, and penalty costs are $1,200 per week after Week 12. Activity Immediate Predecessor(s) Crash Time (weeks) Normal (Direct) Cost Crash Cost (weeks) ($) ($) A 4 1 5,000 8,000 B 5 2 8,000 11,000 C A 1 1 4,000 4,000 Ꭰ B 6 3 6,000 12,000 E B, C 7 6 4,000 7,000 F Ꭰ 7 6 4,000 7,000 What is the optimum choice for project duration?
Humber Web Design Co. is organizing a new project to increase efficiency and improve relations with their clients. The project manager for this initiative has broken the project up into several parts as follows: Activity Activity Description Immediate Predecessor Activity time (days) A Identify Client Base ― 44 B Develop Client Prospectus ― 35 C Perform Design Analysis ― 46 D Program Back End A, B, C 43 E Program Front End A 27 F Project Consolidation D, E 36 (a) For the given project, fill in the nodes of the network diagram below. A E 44 27 Start B D F Finish Time 35 43 36 Time C 46 (b) Using the network diagram, fill in the table. Make sure that you put the values in the appropriate columns. Activity Earliest Start (ES) Latest…
You are in charge of a project at the local community center. The center needs to remodel one of the rooms in time for the start of a new program. Delays in the project mean that the center must rent other space at a nearby church at additional cost. Time and cost data for your project are contained in 7.10. Your interest is in minimizing the cost of theproject to the community center.a. Using the normal times for each activity, what is the earliest date you can complete the project?b. Suppose the variable overhead costs are $50 per day for your project. Also, suppose that the center must pay $40 per day for a temporary room on day 15 or beyond. Find the minimum-cost project schedule.
The information in the table below is available for a large fund-raising project. Activity Activity Times (days) Activity Cost ($) Immediate Predecessor A 3 100 None B 4 150 None C 2 125 A D 5 175 B E 2 150 B F 4 200 C, D G 6 75 C H 2 50 C, D, E I 1 100 E J 4 75 D, E K 5 350 F, G L 3 150 G, H, I M 4 400 I, J N 4 175 K, M O 1 200 H, M P 5 150 N, L, O Draw the precedence network diagram. Perform the CPM (Critical Path Method) and give the complete activity schedule table, the project completion time, and the critical path. Plot on the same graph the total project costs per day, starting from day one to the completion date, assuming the earliest start times and then assuming the latest start times. What implications does the time differential have for cash flows and project scheduling? Show step by step solution
Humber Web Design Co. is organizing a new project to increase efficiency and improve relations with their clients. The project manager for this initiative has broken the project up into several parts as follows: Activity Activity Description Immediate Predecessor Activity time (days) A Identify Client Base ― 33 B Develop Client Prospectus ― 21 C Perform Design Analysis ― 35 D Program Back End A, B, C 47 E Program Front End A 13 F Project Consolidation D, E 11 (a) For the given project, fill in the nodes of the network diagram below. A E 33 13 Start B D F Finish Time 21 47 11 Time C 35 (b) Using the network diagram, fill in the table. Make sure that you put the values in the appropriate columns. Activity Earliest Start (ES) Latest…
Colonial State College is considering building a new multipurpose athletic complex on campus. The complex would provide a new gymnasium for intercollegiate basketball games, expanded office space, classrooms, and intramural facilities. The following activities would have to be undertaken before construction can begin. Activity A B C D E F G H IMG_A2D52FAF8F3D-1.jpeg Activity This answer has not been graded yet. A B с (c) Develop the activity schedule for the project. D Survey building site Develop initial design Obtain board approval E F G Description H Select architect Establish budget Finalize design Obtain financing 0 Hire contractor L L | (a) Draw a project network. (Submit a file with a maximum size of 1 MB.) Choose File No file chosen Immediate Predecessor Earliest Start (b) Identify the critical path. (Enter your answers as a comma-separated list.) 4 A, B с Latest Start с D, E E F, G Time (weeks) 5 5 9 Earliest Finish 13 4 7 15 11 6 9 Latest Finish 4 Slack (d) Does it appear…
a) Provide FOUR (4) key decisions invalidating priority rankings in Project PortfolioManagement.b) Determining the location where to deploy the initial Project Portfolio Management (PPM) process is critical. Identify FIVE (5) main areas how the business can kick-start the Project Portfolio Management (PPM) process.c) Resource decisions are plagued with difficult challenges. The common pitfalls, in most companies; there are too many projects and not enough resources, and mismatches of skill-sets. Hence, mapping resource and demand is crucial. List any SIX (6) activities in conducting a resources assessment.d) Project Portfolio Management Team (PPMT)'s process activities must be integrated with other existing processes, with its interdependent relationships within and between product/service development processes and project management processes. Explain FOUR (4) main tasks of PPMT in establishing corporate visibility.
The following represents a project that should be scheduled using CPM: IMMEDIATE PREDECESSORS ACTIVITY A ABCDEFGH B-E-G-H b. What is the critical path? A-C-F-H OA-D-F-H A-D-G-H A A B C,D D, E F,G Project completion time a LLL23312 TIMES (DAYS) m •WNNW: 3 2 2 3 4 4 4 4 b 5 3 3 4 11 c. What is the expected project completion time? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. days 565
Chuck’s Custom Boats (CCB) builds luxury yachts to customer order. CCB has landed a contract with a wealthy customer. Relevant data are shown in the table below. The complication is that the customer wants delivery in 32 weeks or he will impose a penalty of $375 for each week his yacht is late. Activity Immediate Predecessor Normal Time (NT) Weeks Crashing Cost 1st Week 2nd Week A ― 9 $410 $415 B A 7 125 -- C A 5 45 45 D B 4 300 350 E C 6 50 -- F D, E 5 200 225 G F 8 -- -- H F 7 85 90 I G 6 90 -- Construct a network diagram for the project Indicate the critical path when normal activity times are used. Develop a crashing schedule. Note: No activity can be crashed more than two weeks. Show breakdown of work
Activity A B CDEFG 3. You have been appointed as the project leader of a project to be undertaken by your company. You have identified the following tasks and made the time estimates for each task as listed in the table below: с Preceding "from" activity A A A B,C C,D,E F Succeeding "to" activity B,C,D E E F F G Estimated duration work days) 3 5 3 10 8 14 7 a) Use the above table to construct a project network diagram. b) Determine the critical path for the project and its duration.
Roger Ginde is developing a program in supply chain management certification for managers. Ginde has listed a number of activities that must be completed before a training program of this nature could be conducted. The activities, immediate predecessors, and times appear in the accompanying table: Immediate Predecessor(s) Activity ABCDEFG This exercise contains only parts b, c, and d. b) The critical activities for the leadership training program development project are B A, D C E, F Time (days) 4 5 3 10 4 6 10
B/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 4

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS