Question1: 1. Determine the Payback Period and write a conclusion for the two projects E and R based on the information provided in the table below: Year Cash Flow (E) Cash Flow (R) 0 -3700 -2900 1 400 500 2 500 600 3 700 700 4 800 900 5 1000 1100 6 1200 1300
Question1:
1. Determine the Payback Period and write a conclusion for the two projects E and R based on the information provided in the table below:
|
Year |
Cash Flow (E) |
Cash Flow (R) |
|
0 |
-3700 |
-2900 |
|
1 |
400 |
500 |
|
2 |
500 |
600 |
|
3 |
700 |
700 |
|
4 |
800 |
900 |
|
5 |
1000 |
1100 |
|
6 |
1200 |
1300 |
Question2:
1. Discuss the critical importance of work schedule in project management.
2. Discuss the contribution of cost estimation in the completion of successful project.
3. A firm is planning a project which consists of the following ten jobs and precedence relations are identified with their node numbers:
|
Jobs (i-j) |
1-2 |
1-3 |
2-3 |
2-4 |
2-5 |
3-5 |
4-7 |
5-6 |
6-7 |
7-8 |
|
Durations (days) |
9 |
5 |
12 |
7 |
8 |
11 |
10 |
3 |
4 |
6 |
a. Draw an arrow diagram representing the project.
b. Determine the critical path
c. What is the duration of the project?
Question3:
A company is planning to purchase a new machine to expand the range of its products. There are two brands available in the market: A and B. Both machines are costing 70,000 OMR. The
conclusion.
|
Year |
Machine A |
Machine B |
|
1 |
12000 |
13100 |
|
2 |
14200 |
13900 |
|
3 |
16100 |
15800 |
|
4 |
19000 |
18600 |
|
5 |
21700 |
20000 |
|
6 |
22200 |
22800 |
Step by step
Solved in 4 steps
