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 5.1.3C
What estimating techniques should be used for a mission critical project such as this?
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Use this table as inputs to answer the questions below:
Activity
Duration
(months)
Predecessors
Total Budgeted
Cost ($)
% Complete
after 3 months
A
2
12,000
100
B
3
15,000
75
с
8,000
80
D
A
6,000
50
E
B
10,000
0
F
E
7,500
G
2
A
4,000
0
If data from timesheets and other accounting records indicate that the actual amount of money
spent on the project so far (i.e. at the end of 3 months) is $31,000, determine the following for
the entire project:
A. Cost variance
B. Schedule variance
2
3
2
4
0
Assuming that you are a project manager for a consulting firm that is planning a feasibility
study for a new city centre scheme. The activities for the final phase of the study project
have been identified. The logical relationships for the identified activities is as shown in
the dependency table below.
Table 3.2: Activities for the Final Phase of a Feasibility Study
Activity
Immediate /predecessor (s)
Duration (weeks) No. of Staff Needed
A
3
B
5
3
C
4
B
D
A
7
2
E
B.C
8
2
F
C
6
5
G
EF
B
3
H
F
10
B
D.G
6
5
Table 3.2: Dependency Table
Based on the information provided in the table:
i. Draw and analyze the network diagram; and
ii. Indicate the type of dependency relationships.
What is the critical route and how important is it to plan a 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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