Construct an AON project network for the following set of activities. Analyze the project network,answer the following questions.Activity Activity PredecessorI34S678912334.5.62SWhich of the following is a critical path?O2->5->81->4->8Time (months)47839O 1->3->7O 1->3->6->82

A project schedule network diagram shows the sequence of the task that is performed to complete a…

Answered: Which of the following is a critical…

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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How to Plan, direct and coordinate IT projects to ensure effectiveproject control including scope changes and project risks?
The expected times and variances for the activities for a project for Test Marketers, Inc. are given below. (Assume time is provided in days.) ID 12345678 Description Pilot production Select channels of distrib. Develop mktg. program Test market Patent Full production Ad promotion Release Predecessor None None None 1 1 4 3 2,5,6,7 t₂ 6 7 4 4 10 16 3 2 Varlance [(b-a)/6]² 34225221 10
++ Earned value analysis is the project management tool that is used to measure project progress. You are a project manager in company XYZ that responsible to handling the packaging machine project with the total cost budgeting is RM100,000. There are including RM24,000 (Design), RM60,000 (build) and RM16,000 (install & test). The information regarding on the project progress development in weeks 8 as shown in Table 2 below: Table 2 No 1 2 3 Type Cumulative Budgeted Cost (CBC) Cumulative Actual Cost (CAC) Cumulative Earned Value (CEV) TOTAL RM 64,000 68,000 54,000 100,000 Percentage 64.0 68.0 54.0 100.0 a) With the aid of a typical S-curve diagram, draw and explain the four cost-related measures such as TBC, CBC, CAC and CEV to analyses the overall project cost performance.
Create a risk matrix for this project:Event Cost ($000) ProbabilityEquipment breakdown 40 .20Vendor is late with key segment 200 .60Subcontractor has labor issues 140 .30Weather problems 15 UnknownFunding delays 50 .40 to .60Testing delays 20 .40Explain your reasoning for your placement of the events Weather problems and Funding delays.
How is Project Planning, Scheduling, and Controlling is managed by the OM manager?
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 weeks
quetion 1 a)What is a burn-down chart? What purpose does it serve? b)Why should a project manager be concerned with monitoring a project’s progress? c) Describe how the SPI and CPI can be used to forecast the final cost of a project?
Project Managers must demonstrate (4) activities: Project planning: ◦Project scheduling:◦Project monitoring:Project reporting: Please pick one activity, define it in your words and give a specific example how you would demonstrate and achieve that activity.
By using Bar chart planning method, find the following: - Total duration for the project activities shown below - The project completion date (assume the start date is 1/3/2012 Activity A CDEFGHI J Duration 85 2846 7 45 6 (days) Following Activity C,D EFGHIJJ * If the project shown above had a delay of (4 days after (13working days), what would its new delivery date be? B B
ces Mailings Po V ates) EE E AL Review View Tell me $ Text Predictions: On 4 BIU 1. Evergreen Company wants to construct a new office building. The company has contracted a construction management contractor for this project. Given below are the details of a construction project. ✓ ✓ ✓ % Activity A 5 B C D ¶ E F — a) Construct the project network (AON) diagram for Evergreen Company and list all possible activity paths and their duration. b) Determine Evergreen Company's critical path(s). What is the duration of project competition? c) Determine the ES, EF, LS, LF, and floats for each activity. d) Construct a Gantt chart for Evergreen Company's project. AaBbCcDdEe Normal A STR 6 Predecessor(s) Duration (days) 1 2 A A B B, C E AaBbCcDdEe No Spacing !!! 3 2 1 1 & 7 E Do AaBbCcL AaBbCcDd AaBb AaBbCeDdE Heading 1. Heading 2 Title Subtitle * 00 8 I 9 Focus ( ) 0 Comm > St F
Using PERT, Adam Munson was a ble to determinethat the expected project completion time for the construction ofa pleasure yacht is 21 months, and the project va riance is 4.a) What is the probability that the project will be completed in17 months?b) What is the probability that the project will be completed in20 months?c) What is the probability that the project will be completed in23 months?d) What is the probability that the project will be completed in25 months?e) What is the due date that yields a 95% chance of completion?
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 Management

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Which of the following is a critical path? O2->5->8 1->4->8 O 1->3->7 O 1->3->6->8