Question 2 Rich Cole Control Devices, Inc., produces custom-built relay devices for auto makers. The most recent projectundertaken by Cole requires 14 different activities. Cole's man-agers would like to determine the total project completion time(in days) and those activities that lie along the critical path. Theappropriate data are shown in the following table.a) What is the probability of being done in 53 days?b) What date results in a 99% probability of completion?ACTIVITYACDEFH1KLMNIMMEDIATEPREDECESSOR(5)-AAB, CDDE, FG, HJKL, MMOSTOPTIMISTIC LIKELYTIMETIME61651211282162689374659428PESSIMISTICTIME7361118686871163102x9m+b6b)

The longest series of tasks that need to be finished on time in order for the project to be finished…

Answered: Question 2 Rich Cole Control Devices,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Activity Predecessor Optimistic Most Likely Pessimistic 14 4 14 B. C A 6. 13 14 D A,B 4 8. 12 10 12 F C,E 5. 11 8 Find the mean and standard deviation of each task in this project then find the following: d) T probability to finish the project in more than 31 weeks. The m- The probability to finish the project in less than 31 or more than 35. g) In how many weeks can we complete the project with 90% probability?
Practice Question EVM: A simple project consists of five tasks and is scheduled to take 13 weeks to complete. The actual status of the project at the end of week 9 is given in the following table: Project Plan Task | Duration Start (weeks) Actual status Actual current cost complete S350 S225 $475 $300 End Budget Percent week week $300 100% 100% $250 $450 $600 $500 B 2 100% 75% 75% C 4 4 7. 9. 13 D 3 6 8 $300 a) For each activity, compute the ACWP, BCWP, BCWS and add the columns to get the projected total. Record your answers in the table below. Task ACWP BCWP BCWS E b) Calculate: CV,SV,CPI, and SPI:
QUESTION: "Business Project Development Cycle" and "Project Lifecyle". Is it the same or not? Please explain
Q1: An electrical engineer wants to finish his new device production project within 47 days to meet his contract deadline. Explain what he should do to meet his plan. The project information is listed below. Please ignore the indirect cost. Time Crash Normal Crashed Activity Predecessor Normal time Cost $ cost $ (days) (days) A 12 9 $210,000 $270,000 B 23 18 ----- $410,000 $460,000 C A 15 12 $290,000 $320,000 D B 27 21 $440,000 $500,000 $350,000 $410,000 E C 18 14 F E 6 4 $160,000 $210,000
Question 2a) Why is project charter an important project management tool? b) Explain how a project manager will go about incorporating project scheduling to guarantee your project success. c) At what stage is project needs assessment or appraisal needed? Explain
Q1: For activitics shown in table below, find the new time of project after updating, if the project manager decided to update the activities of project after ( one month), the manager increased the time of activity which locate on the critical path (one weeks). Activity C D K M J Duration 7 Days 15 8 13 14 16 14 8 11 12 20 19 22 Followed D D K M J J by NRS
Ql: For activities shown in table below, find the new time of project after updating, if the project manager decided to update the activities of project after ( one month), the manager increased the time of activity which locate on the critical path (one weeks). Activity A B CD E K R J Duration Days 15 8 13 14 16 14 8. 11 12 22 20 19 Followed D D K M J J RNJ by E NRS
Ql: For activities shown in table below, find the new time of project after updating, if the project manager decided to update the activities of project after ( one month), the manager increased the time of activity which locate on the critical path (one weeks). Activity A C D F K 1. M N J R Duration Days 15 13 14 16 14 11 12 22 20 19 Followed D by F D M J J BMd 8 NRS 8 K 7,
Question 4 When the objectives of a project meet, or exceed, the expectations of its stakeholders, the project is considered successful. Explain who these stakeholders might be, and how should they be managed.
Q1: What is the role of project manager ? it
Q1. Based on the table below, solve the questions (1-4). Activity Predecessor Optimistic Duration Most Likely Duration 4 Pessimistic Duration 10 A B A 5. 8. 15 H. B 1. 2 10 3. 12 4 B. 4 7. 6. 11 14 21 17 DE 6. 13 E.F 1. What is the probability that the project finishes in less than 40 days. 2. What is the probability that the Activity "G" finishes between 3 and 5 days. 3. Estimate project completion date with at least a 96. confidence level. 4. What is the probability that node "D" has a float more than Zero.
Time estimates Expected Variance Activity Optimistic Most Likely Pessimistic Time (ET) (6²) A B C D Start a 31 44 48 22 m 40 50 60 31 A B b 49 56 72 34 C D End 5) What is the probability that this project will be completed after 110 days? A. 0.0228 B. 0.1587 C. 0.0013 D. 0.8413 E. 0.9772

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