6- The value of the normal distribution variable Z at a time of two weeks greater than the critical path time is 1.41 O
Q: Critical Path Method (CPM) helps project manager to plan all tasks that must be completed as part of…
A: Given data is
Q: Development of Version 2.0 of a particular accounting software product is being considered by Jose…
A: Note: - As we can answer only three subparts, the first three(a, b, and c) will be answered. If…
Q: Why is it important to use earned value management (EVM) in the overall management of projects?…
A: Earned value management refers to the project management tool that helps the professional to…
Q: The following descriptions are always true of the critical path in a project EXCEPT: * Is the…
A: Project management is the implementation of procedures, strategies, expertise, knowledge, and…
Q: snip
A: If a non-critical path activity is delayed, there is no change in the overall duration of the…
Q: the closest answer.
A: b. 15.8
Q: Discuss the use of the Critical Path Method (CPM) to findthe shortest time for the completion of a…
A: Critical path method:- Project managers utilise the critical path method (CPM) to develop a project…
Q: a engineering project consists of the activities shown in the following Table. Use the Critical Path…
A: Forward Pass:Early Start (ES) = Maximum (or Highest) EF value from immediate Predecessor(s)Early…
Q: The crash cost per period: O is the difference in costs divided by the difference in times (crash…
A: Crashing in project management is conducted in order to reduce project duration or to introduce…
Q: The FWO has just made the winning bid of 54 million Rs. to construct a new Building. Company has…
A: Master Working Sheet as mentioned-
Q: Suppose we are using the CPM with three time estimates (PERT) to schedule a project. What is the…
A: The Z value is determined from the probability of a normal distribution curve through the function…
Q: (c) Determine the ES, EF, LS, LF, and slack time for each activity. (d) Determine the total…
A: Solution: c) Excel formulas
Q: graphical representarion t
A: option A
Q: After the first month of a project, the Actual Cost was $400 and the planned cost for the first…
A: Given, Actual cost, AC = $400 Planned cost or Budget, PC = $500 Work completed = 50% a) Earned…
Q: primary and CPM is that CPM uses probabilities on the activity times and PERT does not. PERT…
A: The essential contrast among PERT and CPM is that Spunky arrangements with flighty exercises,…
Q: Given the tabulated data shown, prepare the PERT / CPM or arrow diagram and identify the critical…
A: THE ANSWER IS AS BELOW:
Q: True/False Statements (Tick the correct option) Selection of the critical path in network…
A: BELOW IS THE SOLUTION:-
Q: The FWO has just made the winning bid of 54 million Rs. to construct a new Building. Company has…
A: Note: - Since we can answer only up to 3 subparts we will answer 1, 2, and 3 for your question.…
Q: Izzi used a project management softwäre package and has determined the following results for a given…
A: Expected completion time of the project: μ=22 days Variance of Project: σ2=2.77 days Standard…
Q: a) The probability of completing the critical path in 12 weeks (or less), as the client desires.…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: There are four activities on the critical path, and they have standard deviations of 1, 3, 9, and 3…
A: Given data is
Q: A project consists of three tasks: A, B, and C. Task A is known to take five days forsure. Tasks B…
A: Organizations plan numerous things regarding a project. It is because many things are dependent on…
Q: b. What is the minimum cycle time that could be considered for this operation? Whatis the minimum…
A:
Q: 00:19:06 Remaining An activity in a PERT network is expected to require 54 days to complete. This…
A: Given data is O = 48 days M = 200 days Expected time = 54 days
Q: activities, of which are on the critical path. If the estimated time along the critical path is 214…
A: We have for the estimated time, Mean = 214 Variance = 169
Q: latest finish time of the last activity
A: Critical path is the longest duration indicating path from a project. A critical path indicating the…
Q: Build a PERT Network Diagram for a 3-month project with 6 activities (A to F) and 5 nodes
A: The answer is as below:
Q: Activity Normal_time Crash_time Normal_cost Crash_cost Slack A. 31 17 4800 6200 B 14 14 5500 5500 34…
A: Given- Activity Name Normal Time Crash Time Normal Cost Crash Cost SLACK A 31 17 4800 6200 0…
Q: Please provide the CPM result for each of the following metrics: E[S_{end}] = E[ES_{D}] =…
A: We are allowed to do first three sub parts only. Please post rest parts again to get answers. The…
Q: The main tool for managing the project scope, as described in PMBOK, is the O project charter O…
A:
Q: A B T= 4 T= 3 F T= 3 T= 3 D E G T= 1 T= 2 T= 2 The network diagram of a project along with the…
A: The project network is the diagram that shows the order of completion of project network activities…
Q: A graphical representation that shows project events as nodes and arrows represents relationship is…
A: Project management is the management in which different types of skills and knowledge are used to…
Q: Development of Version 2.0 of a particular accounting software product is being considered by Jose…
A: Project length is the evaluation of the amount of time needed by a specific project activity carried…
Q: PROJECT PLANNING & SCHEDULING WITH GANNT CHART Given the activities of a project; their optimistic…
A: Note: - As we can answer only up to 3 questions, we will answer questions 1, 2, and 3 for your…
Q: The PERT and CPM methods work by determining the "critical path" for completing a series of…
A: PERT & CPM are processes of project management helps in the fundamental organizational aspects…
Q: For each of the following network diagrams, determine both the critical path and the expected proj-…
A: The network diagrams for critical path can be constructed in two ways: Arrow to Node - AON Arrow to…
Q: 18) When there are multiple critical paths in a project: a. The risk is less as it divided between…
A: "Since you have asked multiple questions we will solve the first question for you. If you want any…
Q: Saint Teresa's Hospital is looking to implement a new ERP system. Russell Trent has been developing…
A: Find the Given details below: Task ImmediatePredecessors Mean Std Dev Var A Start 20 19.4…
Q: Calculate the expected time and the variance - a - 47 weeks b - 167 weeks m - 67 weeks
A: Given: Optimistic time (a) = 47 weeks Pessimistic time (b) = 167 weeks Most likely time (m) = 67…
Q: As discussed in class, in using Critical Path Method (CPM) in Project Management, A. the critical…
A: The Path having the longest duration is Critical Path. It indicates the total time needed to…
Q: 8- The probability of completing the project in a time greater than the critical path time plus 2…
A: The probability is seen corresponding to z-score under normal distribution is considered in the…
Q: In project management, CPM is an activity-oriented approach. Select one: O True O False
A: Critical Path Method (CPM) used by project managers in all types of projects such as construction,…
Q: Given the activities of a project; their optimistic (to), most likely (tm) and pessimistic (tp) time…
A: As the table is missing form your question. I am considering the table given below because I have…
Q: A _____ is a method of incorporating change into project planning and execution processes.…
A: A Small Introduction about Project Planning A project plan comprises angles like destinations,…
Q: An architect of a task force planning the construction of a domed stadium had hoped to be able to…
A: Critical path: It is the order of the activities of the project network in which the shortest…
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- 1.You’re managing a project to install 400 windows in a new skyscraper and need to figure outyour budget. Each week of the project costs the same: your team members are paid a total of $4,000every week, and you need $2,000 worth of parts each week to do the work. If the project isscheduled to last 16 weeks, calculate theBAC, PV, EV, AC, SPI, SV, CPI, SPI, CV for the project? 2.You’re managing a highway construction project. Your total budget is $650,000, and there isa total of 7,500 hours of work scheduled on the project. You check with your accountingdepartment, and they tell you that you’ve spent a total of $400,000. According to the schedule,your crew should have worked 4,500 hours, but your foreman says that the crew was allowed towork some overtime, and they’ve put in 5,100 hours of work. Calculate theBAC, PV, EV, AC, SPI, SV, CPI, SPI, CV for the project?Here is a CPM network with activity times in weeks: (A(7)) (B(5)) E(4)) (G(3) (C(6)) (F(8)) (D(6))10.6 This optional problem requires knowledge of statistics. Heywood Home Healthcare is evaluating a project with the following net cash flows and probabilities: Time 0 Year 1 Year 2 Year 2 Year 3 Year 4 Prob = 0.2 ($100,000) 20,000 20,000 20,000 20,000 30,000 Prob = 0.6 ($100,000) 30,000 30,000 30,000 30,000 40,000 Prob = 0.2 ($100,000) 40,000 40,000 40,000 40,000 50,000 The year 5 values include salvage value. Heywood’s corporate cost of capital is 10 percent. What is the project’s expected NPV on the basis of the scenario analysis? What is the project’s standard deviation of NPV? Assume that Heywood’s managers judge the project to have lower-than-average risk. Furthermore, the company’s policy is to adjust the corporate cost of capital up or down by 3 percentage points to account for differential risk. Is the project financially attractive?
- 1 Cara's clients, Emily and Dave, have just had a baby and she would like to do something nice for them. She signs them up for a baby registry that sends them a small gift. Emily and Dave will be sent information and service lists that are geared toward helping new parents. She provided their names, address and phone numbers so that they will not miss any of the activities provided in the package. Has Cara dealt with her clients appropriately? NUYLOTNQhObm1bEVKUTO90 a0 Cara did not protect her clients' privacy when she shared their personal information with the baby registry. O Cara should not make this a regular practice. Her clients will begin to expect gifts and she will not be able to sustain this. CO Cara should have set up an appointment to re-evaluate her clients' needs now that they have had a baby. 40 Cara's gift is very thoughtful and will help to build a relationship with her clients. NUTYks10TNRUQ2h0bmkbEVKUTO90Which type of plan is used to manage an event that has reoccurrence? a. Standing Plan b. Schedule c. Budget d. ProgramFinancing is needed to fund new equipment for the build sites. A) You are required to create a business proposal to buy a truck (Tipper Trucks) suitable for Rubbish removal, sand and soil delivery, demolition clearing work, and this proposal will be discussed during the shareholders meeting. The proposal should include how buying the vehicle will help reduce long-term costs for Metharom.
- Problem 3-4 (Static) An electrical contractor's records during the last five weeks indicate the number of job requests: 2 3 22 18 Week: Requests: 1 20 4 21 Click here for the Excel Data File Predict the number of requests for week 6 using each of these methods: a. Naive. 5 22 Answer is complete but not entirely correct. Number of requests 24 X requests b. A four-period moving average. (Round your answer to 2 decimal places.). Answer is complete but not entirely correct. Number of 23.25 c. Exponential smoothing with a = 0.30. Use 20 for week 2 forecast. (Round your intermediate calculations and fina mal nisenel(3) A project was planned using PERT. Its expected completion time was determined to be 85 days. The variance of the critical path is 49. What is the probability the project will be completed within 75 days (5 decimal places)? Let X = the project completion time. P(X Please show how you use the Normal Curve Table to obtain your answer in the space below. (4) Perform a project management analysis for the data given below to determine ES, EF, LS, LF, and slack for each activity, the total project completion time, and the critical path. Predecessors Activity A B с D D Time (weeks) 13 12 10 9 E F G H - A A Activity E C, E D, F (a) Draw a network with 1, ES, EF, LS, and LF (follow the same format as Figure 11.5 on p.394). F G H (b) Complete the following table (similar in format to Table 11.3 on p.396). Activity Time (weeks) ES EF LS A B с (c) Identify the critical path(s): (d) Based on your analysis, the project completion time is: Time (weeks) Predecessors B B 11 13 17 14 LF Slack…Godo Q- Joe owns a business with two separate departments. Department A produces $100,000 of income and Department B incurs a $60,000 loss. Joe participates for 550 hours in Department A and 100 hours in Department B. He has full-time employees in both departments. and why? a. If Joe elects to treat both departments as a single activity, he cannot offset the $60,000 loss against the $100,000 income. b. Joe may not treat Department A and Department B as separate activities because they are parts of one business. c. If Joe elects to treat the two departments as separate activities, he can offset the $60,000 loss against the $100,000 income. d. If Joe elects to treat both departments as a single activity, he can offset the $60,000 loss against the $100,000 income. e. None of the above.
- An enterprise resource planning (ERP) system is best described as: Answers A E A An information system designed to allocate resources, such as staff and rooms, to an organisation's current projects B The software and hardware required to allow functional area information systems to exchange information C An information system that enables an organisation to plan the resources required for upcoming projects DA method to enable legacy departmental information systems to interoperate with newer systems. EA suite of integrated software modules for managing information about business activities.Which of the following are contractual terms (Select all that apply) NDA MOU LOI MAO CCB Communication can include which of the following Kick-off meetings Listening Outward E-mail All of the above Risk activities should be assigned To a team After a trigger occurs Without being added to the Risk Register To a single person In priority order What does CV stand for and what does it mean? (Select all that apply) Cost Variance, calculated EV – AC Continuous variability, measure of process Cost Variance, <1 is over budget Cost Variance, >1 is over budget Cost Variance, calculated AC – EVExercise 1 Your Customers Are Using My Parking Lot! You own a hardware store that is located in a strip mall. Three months ago an Italian restaurant opened next door. Parking is limited and each respective business in the strip mall has a designated number of parking spaces in front. This is generally not a problem because your store has more customers during the day, while the restaurant is busier at night. The problem is on Friday and Saturday nights when your store is open later and the restaurant is busier. You are concerned because business at the restaurant has been increasing as the restaurant becomes more well known. Instructions: Implications of Negotiation