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- Evaluate the below statement according to the project management terminologies and choose the correct answer: It is the process of making a forecast or precise approximation Choose... of time and cost associated with a work package or activity. Graphically describes a project consisting of well-defined Choose.. activities, the completion of which marks its end. One of the Perform Quantitative Risk Analysis process has a Choose.. Tools and Techniques. Useful for building accountability through assigning specific Choose.. tasks to team members. It is the standard format each path through the network must be continuous with no gaps, discontinuities, or dangling Choose... activities. Organizational Assets, Project Scope Statement, Cost Management Plan and Schedule Management Plan are inputs Choose.. of: Choose... Work Breakdown Structure Expert Judgment Bar chart Estimating A horizontal diagram format Plan Risk ManagementUsing the attached document and the information it provides on a book bag drive, complete the following components for the comprehensive project plan.1. Human Resource Plan: Describe the resource requirements for the project and the roles and skills required of each team member, including the roles and responsibility of the project manager. Include details of the methods to be used for obtaining the team necessary to complete the tasks listed in the project schedule.2. Cost and Budget Estimate: Develop an approximation of the monetary resources needed to complete the project activities. In addition, aggregate the estimated costs of individual activities to prepare the project budget.3. Procurement and Acquisition Plan: Describe theplan to purchase or acquire products, services, orresources needed from outside the project team.The document should also forecast the processes of administering and closing procurement for the project.Compile Project Part 2 and Project Part 3 into a single…Please do not give solution in image formate thanku. 11-24 Using PERT, Ed Rose was able to determine that the expected project completion time for the construction of a pleasure yacht is 21 months and the project variance is 4. What is the probability that the project will be completed in 17 months or less? What is the probability that the project will be completed in 20 months or less? What is the probability that the project will be completed in 23 months or less? What is the probability that the project will be completed in 25 months or less?
- Can anyone solve this problem? 1.Draw a network to represent the sequence ofstages involved in the preparation of budgets.2. Can the whole process be completed withinthe required period of 17 weeks?3. If it is necessary to reduce the time taken tocomplete the budgeting process, which stagesshould be investigated and why?4. Explain the difference between total float, freefloat and independent float. Show that stage 1has a free float of 3 weeks, of which 2 weeksare independent float.Instructions ASSIGNMENT PROJECT SCENARIO: You are married and you are the father or mother of a family of five with kids ages 10, 13 and 15) and a dog. The family has decided to take a camping trip when the children are out of school for the summer. The planned family camping trip is the project you will use to complete this assignment. INSTRUCTIONS: Create a Responsibility Matrix for no less than seven activities to be addressed in preparation for the family camping trip. Every member of the family must be assigned primary responsibility to complete at least or more activities for the project. Also, decide whether the dog will go on the camping trip with the family or whether arrangements will be made for someone to care for the dog while the family is away. Based on your decision regarding the dog, you must include at least one activity associated with the dog as part of the project responsibility matrix. Within the matrix, use "R" to indicate which individual has primary…The following precedence diagram reflects three time estimates for each activity. Determine: Use Table B1 and Table B2. 9-10-12 3 8 5-7-10 8-10-14 11-12-13 6 11 14-18-26 10.5-13-15.5 10 8-8-8 1 5-6-7 2 4 13-13-13 7 7-10-12 a. The expected completion time for each path and its variance. (Round intermediate calculations to 4 decimal places and final answers to 2 decimal places.) Path Mean Var. Std. Dev. 1-2-3-8-11 37.33 1-2-4-6-11 43.00 5.11 1-2-4-7-11 0.81 1-2-5-9-10-11 46.83 1.25 9-9-9 10-11-12 10-12-14
- c. What is the expected project completion time? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Project completion time d. What is the probability of completing this project within 16 days? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Do not round intermediate calculations. Round "2" value to 2 decimal places and final answer to 4 decimal places.) Probability 10 00 days 09994using examples, distinguisg between: 1. Direct aand indirect project costs. 2. Recurring and nonrecurring project costs. 3. Fixed and Variable project costs. 4. Normal and expedited project costs.RESEARCH TOPICS1. The difference between project feasibility and project appraisal and their significance toproject sustainability2. The interplay between the project components (Cost, time, scope and quality) and thesignificance to project performance and sustainability3. Report writing process and utility of project report to project management
- Is a model of the risk management process. Discuss briefly the aspects of the risk management process. Figure. Risk Management Process 1. Identification Risk Management Process * implementation 2. Impact A7. Competitive position index and calculation of the price/rent for a subject property - example 8. Analysis of the absorption rate of the project - Fair Market Share - exampleFour proposals are being considered with investment and NPW shown below. C can only beconsidered if B is implemented. B and D and E are mutually exclusive. The budget is $80.A B C D EInvestment $10 $20 $30 $40 $50NPW $34 $28 $20 $16 $32a) Formulate this as a 0-1 integer program (objective function and constraints).b) Use trial and error to find all feasible solutions, and indicate which is optimal.c) Set up this problem in Excel, and use Solver to find the same optimal solution