Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
7th Edition
ISBN: 9781259666094
Author: Erik W. Larson, Clifford F. Gray
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 5, Problem 1E
Calculate the direct cost of labor tor a project team member using the following data:
Hourly rate: $40/hr
Hours needed: 8o
Overhead rate: 40%
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Students have asked these similar questions
Man Hours:
projected: 40 hours
Current: 44 hours
Rate: $28 per hour
Current:
Project Budget
allotted =
How to solve the Projected Budget?
Q1:Find the critical path,
total permittivity, and time
period required to complete
the construction project
activities detailed in.
Activities
Duration
Preceded By
A
7
B
9
C
8
A
14
E
4
C,D
F
9
F
H
12
E,G
b) Outline the possible sources of cost and time over-runs at different stages of a
typical project.
Chapter 5 Solutions
Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
Ch. 5.1A - How many labor hours should the eighth satellite...Ch. 5.1A - How many labor hours for the whole project of...Ch. 5.1A - What price would you ask for the project? Why?Ch. 5.1A - Midway through the project your design and...Ch. 5.1A - Near the end of the project, Deutsch Telefon AG...Ch. 5 - Why are accurate estimates critical to effective...Ch. 5 - Prob. 2RQCh. 5 - Prob. 3RQCh. 5 - What are the major types of costs? Which costs are...Ch. 5 - Why is it difficult to estimate mega project...
Ch. 5 - Define what a white elephant is in project...Ch. 5 - Calculate the direct cost of labor tor a project...Ch. 5 - Mrs. Tolstoy and her husband, Serge, are planning...Ch. 5 - Exercise Figure 5.1 is a project WBS with cost...Ch. 5 - Firewall Project XT. Using the complexity...Ch. 5 - At this point, what would you do if you were the...Ch. 5 - Prob. 5.1.2CCh. 5 - What estimating techniques should be used for a...Ch. 5 - Assume you are either Mike or Josh; how would you...Ch. 5 - Prob. 5.2.2CCh. 5 - After cost, what other factors should be...
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- Q2. A project manager reported the following earned value data: PV: $12.400.000 EV: $14.500.000 AC: $14,500,000 What does this mean?arrow_forwardList two rework cost-cutting methods. How does progressive delivery affect both methods?arrow_forwardWrite assay about Using “Work Breakdown Structure (WBS)” for Effective Project Estimation - Project Management Articles, Webinars, Templates and Jobsarrow_forward
- Part 1: Below matrix shows one of the important data used in project management, identify the name of the matrix and explain the roles of each person involved in this matrix. Total= 10 marks Facilities Plant Mgr HR Security Project Mgr Identify a minimum of three asphalt R contractors from Angie's List Arrange for contractor visits and quotes Review quotes and references, A R make contractor selection Review and finalize contract, lock in plant shutdown week R Communicate project to shutdown maintenance crew, make sure all R vehicles are removed from the lot Provide security gate access codes for asphalt crew by June 15 A Oversee the project during the plant shutdown week, ensure it is A R completed on time R = Responsible, A = Accountable, C = Consulted, I = Informedarrow_forwardCopleo Staton Usc Critical Path Method to cstinate in how many weeks the project below will be subenitiod ad find the eritical path (Choose 2 answers weeks and critical path) Activity A: Prepare Initial design B: Identify new potential clients C: Develop prospectus for tenants A D: Prepare final design E: Obtain planning permission F: obtain finance from bank G: Select contractor H: Construction I: Finalize tenant contracts J: Tenants move in dependent time 5. 3 8 E D G, F В, с, Е I, H 3 17 13 2 k Seve and Submit te sere and subeit. Click Save AR Ansers fto see all axnrers. Save AA Take Test: MD-TIRM. eveptmeged d- Downlods O34 WeekS 29 Weeks Critical path : A-GE-F-H-J Critical path : A-D-E-F-HJ O Critical path : A-C-B-F-H J O 35 weeks Click Save and Submir to save and submit. Chick Save All Ansvers to sa Dewnloads Take Test MD-T of TOSHIBAarrow_forwardDraw Gantt chart for the following project and determine the duration of the project, where the working hours (4 hours in day) and the production efficiency (52%). Precedence Quantity or volume Standard Production No. of Activity Activity of the Activity (ton) Rate (ton/hour.man) workers A 10 0.4 4 A 8 0.22 C 37 0.35 6. D В 55 0.49 20 E В, С 17 0.63 2 F A, C 88 0.71 12arrow_forward
- A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented below: Activity Break down both machines Clean machine 1 Clean machine 2 Re-set machine 1 Re-set machine 2 Re-calibrate both machines. Final test Designation A B с Using CPM, which activities have slack in this project? D E F G Immediate Predecessor None A A B с D and E F Time in Days 3 3 3 4 2 1 1arrow_forwardBuild a PERT Analysis for a 3-month project with 6 activities (A to F) and 5 nodesarrow_forwardExplain what is the use of work contour in MS project? What are the different types of contour you use in MS project?arrow_forward
- Activities/Assessments: Activity 11 Shown below are the tasks, times, and precedence requirements for the work required to assemble a copier machine. Production time per day 480 minutes. Desired output per day = 40 units. TASK TASK TIME, mins IMMEDIATE PREDECESSOR/S |10 11 5. 4 12 3 (3 С, D F H. 11 3 G, H ETt = 66 1. What's the cycle time for this production line? 2. What's the theoretical minimum number of workstations that should be set up? 3. List the paths for this problem. 4. Draw the precedence diagram for this problem. 5. How many workstations should be set up in this production line? 6. Which tasks should be performed in each workstation? 7. Draw the diagram of the production line. 8. Calculate the efficiency of the produiction line, Note: You may use either clustering or heuristics in assigning tasks to workstationsarrow_forward4. Calculate variance project and variance percentage 5 days' workshop trainees 20 person, and supplies variance will be positive variance or Negative by showing table project to date. Description of the activity 5 days' workshop trainees 20 person, Supplies Required: a) Find out variance b) Percentage variances Actual cost $20,000 $27,000 Budgetary Variance? estimate $24,000 $ 25,000 Percentage variancesarrow_forwardExamples of project suggestions about waste management.arrow_forward
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