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 8, Problem 5RQ
Summary Introduction
To explain: The risks or challenges for leveling resources with compression and crashing of projects and with the imposition of durations when the project is being implemented
Introduction: Several scheduling tools can pose a risk to the scheduling of different projects, including levels of resources, compressing as well as crashing of various projects along with the imposition of catch-up or imposed time periods. For example, delay in non-critical activities is the major challenge that associates with this kind of risk.
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Project closing actions:
are performed in the "Performing" phase of the project life cycle
are performed in the "Closing" phase of the project life cycle
include such things as making final payments, evaluating staff, and organizing and archiving project documents
a and c above
b and c above
a and b above
Why is the Business Analysis Modeling important during business requirement gathering phase in project management.
james is replacing the window of a commercial passenger aircraft, but realises that he doesn’t quite have enough new bolts with the screen– he has just over half of the number he needs. the standard practice is usually to throw away old bolts and to refit windows with new bolts provided with the screen. however, time is short, he’s due to finish for the day, and he suspects that if he goes to find more bolts there will be delays and he won’t be able to finish on time. in addition he’ll be late for his date, and he wants to make a good impression. he knows that other members of staff sometimes re-use old bolts when they’re short of parts. is using the old bolts compatible with showing due respect to life, law and the public good?
Chapter 8 Solutions
Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
Ch. 8.1A - Explain how time is wasted in management of...Ch. 8 - How does resource scheduling reduce flexibility in...Ch. 8 - Prob. 5RQCh. 8 - Given the network plan that follows, compute the...Ch. 8 - Compute the early, late, and slack times for the...Ch. 8 - You have prepared the following schedule for a...Ch. 8 - You are one of three carpenters assigned to...Ch. 8 - Jack and Jill Smith have just retired and want to...
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- Prepare the AOA network diagram,Calculate the total minimum completion time of the project, Crash the above project by 4 weeks and find the total crashing costarrow_forwardExample: Undertaking by a contractor to implement a contracting for excavation works according to the scheme below, undertaking to complete the work within a period of 36 weeks with a probability of 99% between in light of the contractor's probability. The actual time period for the completion of the project within the PERT technology? Act. a b te u C.P 1-2 7 8. 6.33 1 1 *1,2 2-3 6. 9 6.33 0.66 0.443 *2 2-4 3 7 8. 6.5 0.83 .693 *1 2-5 4 6. 0.33 3-6 9. 10 8.66 0.66 0.443 *2 4-7 6. 8 11 8.166 0.83 .693 *1 5-7 4 7 5.83 0.5 6-8 7 10 7.16 0.83 .693 *2 7-8 4 8 7.5 0.83 .693 *1 8-9 4 7 9 6.83 0.83 .693 *1,2arrow_forwardThe owner of Maxwell's Coffee and Cakes wants to start selling products that feature her coffee shop's logo. Her first product will be backpacks which she will sell for $137.44 each. She can buy the backpacks for $21.97 and have them customized for $10.92 apiece. There is a one-time set up charge of $1,525.15 for customization. In order for the project to go forward, she needs to show a $14,718.68 profit. How many backpacks will she have to sell in order for this project to be acceptable? Round to the nearest whole number.arrow_forward
- The Peabody Coal Corporation recently completed the final feasibility report for a new general ledger accounting system. It has hired a consulting firm to program and install the new system. The consulting firm is charging $350,000 for the remaining tasks to be performed. These tasks are to be performed over the next 10 months as detailed in the Gantt chart in the diagram. The consulting firm is extremely concerned with the project staying on schedule because it is receiving a flat fee. The release of the final payment is contingent upon the system performing as stated in the contract and upon Peabody receiving appropriate documentation of the system.Requireda. Prepare a PERT diagram and indicate the critical path.b. What happens to the time frame of the implementation of the project if the manufacturer is 4 weeks late shipping the hardware?c. What happens if the data conversion does not go smoothly and takes an additional 3 weeks? d. Who should conduct the postimplementation review?…arrow_forwardWe are planning to develop a room reservation system that is estimated to have 400 story points of features. Let’s say our team’s velocity on two-week sprints ranges between 20 and 25 story points. Our project will start on Dec 1, 2021. If our customer wants the project to be in production by end of June 22, how likely will the project be successful? Why? Show your calculations.arrow_forwardProject B is the development of a facility in a remote area, of about GHS 5 million in value, of approximately 18 months’ planned duration. It is 30 per cent completed. Earned Value analysis shows that the project is not achieving its planned cost or progress targets. The project is also not achieving quality requirements. Some of the specialized components used for this project are only oSbtainable from overseas suppliers and are difficult to transport over the rough terrain near the project site. There has been a delay on ordering these components. The transportation of these components, which must be booked several months ahead, has not been arranged, and there is also difficulty with obtaining tradespeople with the requisite set of skills to install them. There are also several other risks associated with this project, including a quite basic business case, rudimentary project charter, poor definition of expected project outcomes, exchange rate risks and the potential for…arrow_forward
- Assume we are planning to develop a room reservation system that is estimated to have 400 story points of features. Let’s say our team’s velocity on two-week sprints ranges between 20 and 25 story points. Our project will start on Dec 1, 2021. If our customer wants the project to be in production by end of June 22, how likely will the project be successful? Why? Show your calculations.arrow_forwardWhat are the primary components of process planning in project management, and how do they contribute to the successful execution of a project?arrow_forward(Pick up a ONE project) Car manufacturing or a travel organization project would appear under each stage of Project life cycle. Concept and feasibility studies Engineering design Procurement Construction Start-up and implementation Operation or utilizationarrow_forward
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