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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Chapter 5, Problem 5RQ
Why is it difficult to estimate mega project (e.g., airports, stadiums, etc.) costs and benefits?
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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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- can you write in detail the planning and establishing of a radiology service for a 1000 bedded hospital?arrow_forwardWhat is the difference between project feasibility study done by those under private sector and thos under government sector?arrow_forwardIdentify some projects that are currently underway in yourcommunity. Is there a new hospital being built, a new retail storebeing opened, highway construction being done? For at least oneproject, try to identify the major activitiesarrow_forward
- How are potential projects identified?arrow_forwardWhat factors do you think are important to take into account when considering the feasibility of a particular project for planningarrow_forwardAngel healthcare Ltd., has 2 investment opportunities, each costing $120000 and each have expected profit as shown below: Years Project "A' Project "B' ($) ($) 1 40000 30000 2 30000 40000 3 20000 35000 4 15000 30000 Year 1 2 3 PVIF @ 10% 0.909 0.826 0.751 4 0.683 Compute NPV & Profitability Index, Suggest which Project to be preffered at 10%cost of capitalarrow_forward
- Answer all the following questions based on Table 2 (a) Feasibility studies for a project is an early study before the project begins. List and briefly explain the feasibility processes. (b) Walkers Corporation is analyzing three capital projects with expected cash flows given in the Table 2 below. Each cash flow with an estimated of five years life and four year life. Interest rate of the cash flows is 10 % per annum. The Walkers Corporation uses investment appraisal techniques which is Payback Method. Analyze the appropriate calculations under the investment techniques stated above and give reasons for your investment advice. Table 2 Year Projects / Cash Flow (RM) Delta Gamma Beta 0 (250,000) (450,000) (650,000) 1 60,000 110,000 150,000 2 60,000 130,000 150,000 3 60,000 160,000 150,000 4 60,000 190,000 150,000 5 60,000 - 150,000arrow_forwardYour company ABC Consulting, Islamabad intends to start a new project regarding provision of services of web-designing, networking, programming solutions and application development. At present your company is only providing services of Graphics designing. The company is having shortage of staff and you are assigned the role of HR and Marketing Manager. Write a letter introducing your company’s profile to the prospective clients regarding expansion of your company services and why they should hire the services of your company.arrow_forwardHow does an organization collaborate with any new partners as a result of the grant they received for a construction project?arrow_forward
- The Town of Broomville, along with local arts and athletic groups, decided to erect a new community centre for sports, music, and theatre. The total estimated cost was $18,000,000 in April. Jane Borkus, president and CEO of the largest local industry. Autotech, promised to match every dollar raised through other donors, up to $9,000,000. Both she and the delighted town mayor, Geoff Johns, made the announcement over the local television station and in a joint statement in the town's newspaper. Borkus said the deadline would be 12 months. The following January, the campaign was proceeding extremely well; other donors had pledges $5,500,000 and Borkus presented a cheque for $4,000,000 as Autotech's "down payment and pledge of good will." Unfortunately, in March, Autotech lost its major contract to supply car parts to one of the big three auto manufacturers. Anticipating a large loss at year's end, Borkus withdrew the pledge and asked for the return of the down payment. Broomville will…arrow_forwardHow can you determine the appropriate SPI approach for your business and project? What are its pros and cons?arrow_forwardTop administrators in a hospital have approved a project to improve the efficiency of pharmaceutical services department by the end of the fiscal year to satisfy new state regulations for the coming year. However, they are concerned about four potential threats (1) the cost to implement the changes may be excessive (2) the pharmacists may resist changes (3) the project may run much longer than expected and not be ready for coming fiscal year, (4) The changes might reduce the quality of drug care in the hospital. The likelihood and negative impact of each threat have been solicited from the managers and are as follows, based on a seven-point scale where seven is the most likely and most negative impact.  Threat Probability Impact 1 5 3 2 6 5 3 3 4 4 4 7 Construct a risk matrix and identify what you would consider to be critical, monitor and ignore threats. Explain your reasoning.arrow_forward
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