What is the total cost of reducing this project by two weeks? O a. 44 b. 76 C. 48 d. 50 e. 34
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- The expected number of days to completion for a different project is E(x) = 3.32 The variance of days to completion is var(x) = 1.22 The project cost involves A fixed cost (in thousands of dollars) of FC = $83.783 A variable cost for each day taken to complete the project ($000) VC = $9.774 14 The expected value of the project cost is $_______ thousand. a 109.364 b 112.746 c 116.233 d 119.828A project consists of three tasks: A, B, and C. Task A is known to take five days forsure. Tasks B and C are each dependent on A. B takes five days. C takes seven dayswith a probability of 0.5 and three days with a probability of 0.5. What is the expectedcompletion time of the project?a. 8 daysb. 10 daysc. 11 daysd. 12 daysThe following information relates to a project (task times are in weeks). Use the information to solve for the critical path and then to determine the probability that the project could be completed within 36 weeks. Task A B C D E F Preceding Tasks to 4 4 2 None A B D, E tm 6 7 7 8 13 9 8 0 W CON 6 tp 8 10 12 18 15 10 Click the icon to view the table of standard normal probabilities. The probability that the project is completed within 36 weeks is. (Enter your response rounded to four decimal places.)
- Using your results from Problem 6,(a) Calculate the probability that the project will be completedin 38 weeks.(b) Calculate the probability that the project will be completedin 42 weeksThe expected number of days to completion for a different project is E(x) = 3.32 The variance of days to completion is var(x) = 1.22 The project cost involves A fixed cost (in thousands of dollars) of FC = $83.783 A variable cost for each day taken to complete the project ($000) VC = $9.774 16 The standard deviation of the project cost is $________. a 13.041 b 12.245 c 11.497 d 10.796The following information has been computed from aproject:Expected total project time = T = 62 weeksProject variance (s2p ) = 81What is the probability that the project will be completed18 weeks before its expected completion date?
- Calculate the cost budget for the project below with a contingency reserve of 20% is applied to the cost estimate and 4% management reserve is applied to the cost baseline. Control Account Cost /$ Project Management 1,000,000 Design 4,000,000 Execution 10,200,000 Certification 600,000 Marketing 4,500,000 Launch 320,000 You have a budget at completion of $2500. You had planned to have $2200 worth of work accomplished by now. However, you have just found out that you are only 60% complete with the task. What is your SV? A project was budgeted at $1,000,000. Meanwhile, the project is executed, and the following current figures have been assessed: PV: $500,000 EV: $450, 000 AC: $550, 000 Assuming that the cost variance was…In the project considered below, activity crashing can take place over a wide range of reduction times. The cost per day of reduction is given: Activity Immediate Normal Time Cost/day Lower Time Predecessor (days) Limit A None 3 450 1 B None 4 300 2 A 3 200 D E 100 E A,B 500 1 F C.D 4 600 3 For example, activity C can be crashed from its normal time of 3 days down to as little as 1 day or anywhere in between; the cost per day to crash C is 200. a) Draw a network diagram for this project. What is the critical path? How long will the project take, if no crashing takes place? b) Determine the least cost way to crash activities in order to complete the project in 11 days; in 10 days; in 9 days; in 8 days. c) Suppose the due date for the project is 5 days and a penalty of $500 a day is assessed for each day late. What is the optimal number of days to crash the project? Why?A project has four major activities. Activity A precedes activity B, activity C precedes activity D. 3-point estimates for activities are A(4.5, 9, 13.5 ), B( 2.5, 5, 7.5 ), C( 3, 3, 3 ), D( 3, 3, 3 ) weeks. What probability would you assign to a project duration of more than 14 weeks? a. 0.5 b. 0.1951 c. 1 d. 0.8175
- Hi, I need help answering the last question. Rob Smith is managing a small project at Boston University. He is under pressure to shorten the overall duration of the project by 4 weeks and he wants to do so at the lowest cost possible. In order to meet this objective a number of activities must be crashed. Activity Normal Time (weeks) Crashed Time (weeks) Normal Cost Crashed Cost Predecessor(s) A 5 3 $800 $1,200 - B 6 5 $300 $450 - C 6 5 $550 $775 - D 3 2 $750 $950 A E 6 3 $1,350 $2,250 C F 5 3 $675 $875 B What is the total cost of crashing the project 4 weeks (just the additional cost, not total project cost)? (Display your answer to two decimal places.)For this assignment, you will design a risk management plan for a project titled “prolonged waiting times for patients in a large outpatient hospital” that will include the following elements: Risk Register/Matrix (list of at least 5 (five) risks along with the associated impact and probability scores along with risk score) Contingency plan (list of any risks you will plan for in advance along with what triggers the contingency). Be sure to include any information useful to stakeholders on the rationale for the creation of these elements as well as any outside references supporting the risk management plan.B/U pe Activity A B D 11. A project has the activity duration and cost information indicated in the table where all times are in weeks. There is a penalty of $4,000 per week for every week the project exceeds 37 weeks. What is the lowest total cost for completing this project? Predecessor Time 18 11 A A B C E D Normal A H 12 15 3 19 Asbe de ABC' AMBBC RACE AB 7 8 12 6 Normal Cost Crash Time Crash Cost $22,000 $32,000 $62,000 $18,000 $35,000 $8,000 $23,000 $32,000 $56,000 $12,000 5 $18,000 19 $22,000 $9,000 $15,000 $5,000 $13,000 $20,000 $45,000 2 5 4