21. Recently, you were assigned to manage a project to remodel the seminar room for yourcompany. You have constructed a network diagram depicting the various activities in theproject (Figure 7.130). In addition, you have asked your team to estimate the amount oftime that they would expect each of the activities to take. Their responses are shown in thefollowing table.ActivityABсDEOptimisticStart54524Figure 7.13 Network Diagram for Problem 21BDTIME ESTIMATES (DAYS)Most Likely88647FinishPessimistic11117610a. What is the expected completion time of the project?b. What is the probability of completing the project in 21 days or less?c. What is the probability of completing the project in 17 days or less?

A network diagram related to the project shows the sequence of the task that is performed to…

Answered: a. What is the expected completion time…

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...

See similar textbooks

Similar questions

Martha has been assigned a team of 10 people to help her plan a major customer appreciationevent. They have been working together for over a month now and they just haven’t really cometogether as a team. She was sure she started off well. She contacted each individual on the teamand let them know their responsibilities on the project. Each of the members gets the taskscompleted, but don’t seem concerned with the others on the team. If someone needs help, no onepitches in to assist. If a team member has a problem, no one helps him to solve that problem. Justyesterday one of the team members had an emergency and asked if someone on the team couldhave a call with the sales team so she could leave early. No one offered to help so Martha jumped in to assist. Martha had to do something. This was a bad experience for everyone frankly and somefolks already were talking about getting off the project. Plus she felt the event won’t be as good asit could if they just came together as a team. In…
At the close of your project, you measure the customer satisfaction and findthat some customer needs were not fully met. Your supervisor asks you whatsteps you took on your project to improve customer satisfaction. Whichsubsidiary plan would you consult to determine this information?A. Communications management planB. Staffing management planC. Quality Management planD. Risk management plan Customer satisfaction should be measured at the end of the project tomaintain long-term relationships. Which of the following is NOT always anaspect of customer satisfaction?A. The product meets its stated and unstated requirementsB. The product is high qualityC. The customer’s needs are metD. The project is profitable
Paragraph Styles Eg Problem 2 The table below contains data for the installation of new equipment in a manufacturing process for a steel corporation. Your company is responsible for the installation project. Indirect costs are $6,000 per week, and a penalty cost of $10,000 per week will be incurred by your company for every week the project is delayed beyond week 15. Immediate Normal Time Crash Time Normal Cost Crash Cost Activity Predecessor(s) (weeks) (weeks) ($) 7,000 3,000 ($) A None 1 10,000 None 2 3,000 A 3 1 12,000 40,000 12,000 28,000 E C 1 1 8,000 8,000 F D, E 5 5,000 15,000 3 9,000 18,000 F, G 6. 14,000 32,000 Construct a network diagram for the project. a. b. What are the project completion time and the total cost under normal conditions? What is the shortest time duration for this project regardless of cost? What is the resulting total cost? с. d. What is the minimal total cost associated with completing the project in 16 weeks? e. What is the total time for the…
You may need to use the appropriate technology to answer this question. The product development group at Landon Corporation has been working on a new computer software product that has the potential to capture a large market share. Through outside sources, Landon's management learned that a competitor is working to introduce a similar product. As a result, Landon's top management increased its pressure on the product development group. The group's leader turned to PERT/CPM as an aid to scheduling the activities remaining before the new product can be brought to the market. The project network is depicted in the following diagram. Start Activity A B с D The activity time estimates (in weeks) are listed in the following table. Optimistic Most Probable Pessimistic E F G H I J 3 3 4 2 7 6.5 4.5 6 2 A 4 B 4 3.5 5 3 10 7.5 6 F 7 E 5 2.5 D H 5 7 6 4 13 11.5 7.5 14 6 6 J Finish (a) Develop an activity schedule for this project and identify the critical path activities. (Enter your answers as a…
Assume Bangladesh National Cricket Team needs to find a new head coach for the team. The cricket team’spresent and the future success largely depends on the formulations and implantation of the plans laid by thehead coach. The cricket board has given you the responsibility to prepare the job responsibilities of the newhead coach. You need to pinpoint very carefully which tasks he is supposed to do, as you also need to identifywhich skills and qualifications he must possess to do those required tasks smoothly. Prepare the job descriptionand job specification for the position of “Head Coach” of Bangladesh Cricket Team.
1. Relate the project management lifecycle to the application development of a house cleaning service. 2. Identify and develop a PowerPoint presentation on what happens at each phase of the project management lifecycle of application development of a house cleaning service. 3. Ensure you cover the ket aspects such as: i.Initiating process ii. Planing process iii. Executing process iv. Monitoring and controlling process v. Closing process
You are an electronic engineer who is working on the design, production and implementation of Digital electronic circuits for customers of an electronic company. You manager has given you two digital electronic circuits to analyze and explain their operations. You need to write a report for the manager so he can pass this on to the customers who will be using these circuits. The report should include a section for each circuit. Task 1 You manager has asked you to write a report to a customer who will be using the following digital circuits that implement combinational circuits in their operation: 1.. A one bit, 3 input majority counter (voter)Within your report, you need to explain and analyze the construction and operation of the circuit making sure the customer knows how it works in simple steps. You need to include in your report the truth table of the circuit and also need to use the Boolean Algebra/Karnaugh Map to minimize the number of gates used in the design and…
You are given the following data for an activity: ES = 10 EF = 15 LS = 16 Which of the following can you determine from this data? A. The activity's float and duration B. Only the activity float C. Only the activity duration D. Neither the activity's float nor its duration
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
You are managing a large construction project that’s been broken down intosub-projects (or phases). Each of these sub-projects is scheduled to takebetween three and six months to complete. At the end of each sub-project,you plan to go through the closing processes and document lessons learned.Which of the following BEST describes what you must do at the beginning ofeach sub-project or phase?A. Develop the preliminary scope statement for the phaseB. Make sure you don’t involve the team, to avoid introducing too much projectmanagement overheadC. Use the Earned Value Technique to decide whether or not to finish the projectD. Release all resources from the project and contact sellers to renegotiate allcontracts
In Special Events and Management 1. Event Planning and Organization  Choose a type of special event (e.g., fundraiser, conference, gala) anddevelop a comprehensive plan for organizing it. Identify the event's goals, target audience, timeline, and location. Develop a detailed schedule of activities and assign responsibilities toteam members. Ensure that all necessary permits, licenses, and insurance are obtained.2. Budgeting and Financial Management  Develop a realistic budget for the special event. Identify all sources of revenue and expenses. Monitor expenses throughout the planning process to ensure that thebudget is not exceeded. Develop contingency plans for unexpected expenses. 3. Logistics and Operations Management  Develop a detailed plan for managing logistics and operations during thespecial event. Ensure that all necessary equipment, supplies, and personnel areavailable. Coordinate with vendors, contractors, and other third-party serviceproviders as…
1.The chief engineer of firm XYZ is responsible for supervising the construction work of a road. He has identified the activities and their durations for each stage of operation. Activity Duration (days) Preceding activities A 5 - B 10 - C 1 - D 8 B E 10 B F 9 B G 3 A,D H 7 A,D I 4 F J 3 F K 5 C,J L 8 H,E,I,K M 4 CJ Draw a network diagram (AOA) for this road construction project. Which are the critical activities? How long the project will take?

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS

a. What is the expected completion time of the project? b. What is the probability of completing the project in 21 days or less? c. What is the probability of completing the project in 17 days or less?