time it took to complete several recent jobs. Some of his workers are very optimistic completion time, the most likely completion time, and the pessimistic completion time (all in days) for a new contract are given in the following table: Activity A This exercise contains only part a. с a BCDEFGH-K 143 J 2 4 26 6 3 624 11 Time (days) m 7537 5 9 3 6267 b 9 6 4 8 7 15 548 13 18 11 Immediate Predecessor(s) C B, D A, E Α, Ε F G C H, I
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- Given the data for a project in table Q3, using the following assumptions: 1. 8 hours as working day 2. The company will work all days. 3. Maximum number of workers available per day is 6 4. Activities cannot be break down 5. Budget will distributed equally per day, except for activities (B, H and L), the payment will be after two days of working: means that the first payment will be at the end of day2, then day four and so on. 6. They estimate that the work will starts on the first of November 2017 Develop a report containing the followings: Date of finish BAD O GYEK 1. 2. Early start and Slack time for each activity 3. Resource histogram 4. Cumulative Budget baseline curve 5. Interpret the final report co Table Q3 Duration (Hrs) No of Workers Budget Activity predecessor A None 48 12000 64 32000 C 16 10000 32 4. 12000 B,C 32 8000 B,C 16 6000 G B,C 16 4 10000 H. 64 16000 3. 16 4000 32 1 12000 K 32 3 16000 H. 48 1 12000 Total Budget of RM150000Q You have been asked to select between three projects. Project A has a netpresent value of $54,750 and will take six months to complete. Project B hasa net present value of $85,100 and will take two years to complete. ProjectC has a net present value of $15,000 and a benefit-cost ratio of 5:2. Whichproject should you choose?A. Project AB. Project BC. Project CD. There is not enough information to decide Q Which of the following is a defect?A. A mistake made by a team member on the jobB. A change that the team needs to make in how they do the workC. A project management plan that does not meet its requirementsD. A change request that’s been rejected by the change control boardA project consists of five activities as shown in the following table. Activity Floor sanding Floor buffing Paint mixing Wall painting Ceiling painting Optimistic Time (hr) Most Probable Time (hr) 4 4 0.5 2 3 5 5 Сл 1 3 7.5 Pessimistic Time (hr) 6 6 1.5 10 9 Naturally, the paint mixing precedes the painting activities. Also, both ceiling painting and floor sanding must be done prior to floor buffing. (a) Construct the PERT/CPM network for this problem.
- Q1: The project manager for a specific mechanical engineering project assigns 10 different activities to complete this project successfully. These activities have several immediate predecessors as it shown in the table below Most Likely (Weeks) Immediate Optimistic (Weeks) Pessimistic Activity Description Predecessor(s) (Weeks) A 4 7 10 В A 2 20 A 8. 12 16 D B 1 3 E D, C 6. 8 22 3 4 G F 2 2 2 H. F 8 10 I E, G, H 4 8 12 1 2 3 Answer the following questions and show detailed calculations. 1. Draw the project network 2. What is the expected time for activity B? [! 3. What is the variance for activity B? 4. Based on the calculation of estimated times (expected duration), what is the critical path? 5. What is the estimated time of the critical path? 6. What is the activity variance along the critical path? 7. Based on regular CPM calculations, what is the critical path? 8. What is the probability of completion of the project before week 42?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 10IT PROJECT MANAGEMENT:EX 2.4 You have a project to be completed in 12 months, and the budget of the project is R100, 000. 6 months have passed, and R60, 000 has been spent., but on closer view you find that only 40% of work has been completed so far. Given in question : Actual cost (AC) =R60 000 Earned Value (EV) =40% of R100 000 =R40 000 Find the project's cost varience (CV) and determine if you are under budget or over budget.
- The following represents a project that should be scheduled using CPM: TIMES (DAYS) ACTIVITY IMMEDIATE PREDECESSORS ABCDEFGH G H A A-D-G-H A-C-F-H B-E-G-H A-D-F-H A B C,D D, E F,G b. What is the critical path? a 1 1 1 2 3 3 1 2 m 3 2 2 3 4 4 4 4 D53341565 b 11Consider the following: Activity A < ש ס ח ד B C Normal time 4 W N Crash time Normal cost Crash cost Predecesso 3 1 3 4 3 2 2 2200 2400 500 2200 600 3600 1000 3 8 6 F 3 G 4 What is the cost for crashing the project by 5 days? 2600 2800 500 2600 1200 4200 2000 AB с D.EA project with total budget cost of 30 cr. is scheduled to be completed in 80 weeks. A periodic review was carried out at end of 60 weeks and results are as given: Budgeted cost of work performed = 17 cr. Actual Cost of work performed = 19 cr. Budgeted cost of work scheduled = 21 cr. What is the cost performance index? A.0.895 B.0.81 C.0.90 D.1.12
- You have been assigned a project and in your preliminary planning you have developed table 2 below, it outlines eight activities (A to H) that must be completed. For each activity you have obtained the estimated duration, cost per day and the prior task(s). Activity A B с D E F G H Z Duration (days) 3 4 12 6 16 15 Cost/week ($) 2500 6000 3000 10000 15000 10000 7 8 0 Prior Tasks None B, D C, E E, F,G 0 All *Assume that there are five (5) workdays in each week Table 2 2000 2500 A A, B A, B D Using the information provided: a) Create a network diagram for the project. b) Construct a Gantt Chart for the project. c) Determine the minimum time in which the project can be completed. 1Using 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?EX8-14 (Algo) Given the time-phased work packages... Given the time-phased work packages and network, complete the baseline budget form for the project. 0 0 0 A 3 Design 3 3 A Design prototype B Build prototype C Order parts Legend ES ID EF SLK Descrip LS DUR LF ID A B C D E F G D Prepare production E Prepare marketing F Assemble and test G Launch Total 3 0 B 5 Build 3 2 5 Budget Cumulative 21 12 17 62 32 36 12 192 Soccer Toy Project Cost By Week ($000) 3 5 12 20 5 2 10 0 14956682 1 10 2 2 4 18 18 5 0 1 6 5 0 5 5 1 6 ... C 8 с Order 3 9 D 9 Prod. 4 9 E 10 Mktg 5 11 8 22 16 4 6 0 0 0 0 0 0 Enter the appropriate values in the truncated portion of the budget form shown below. 4 5 0 Enter the appropriate values in the truncated portion of the budget form shown below. 0 0 0 0 0 12 Time Periods 8 9 F 11 0 Assy. 9 2 11 9 11 0 11 10 G 12 Launch 1 12