Green Capital, Inc. (GC) is a small investment banking firm that specializes in securing funds for small to medium sized firms. GC is able to use a standardized project format for each engagement. Beth Bobby has been assigned to this client as project manager partner and has compiled the network information and activity times for the latest client. Activity 1 2 23 3 4 5 6 7 8 9 10 11 12 13 14 15 Predecessor 1 1 5 6,7 2 3 4 8 11 9, 12 10, 12, 14 Table 1 Optimistic (week) 16 30 60 18 17 4 12 6 18 20 40 11 12 11 0 Most Likely (week) 19 30 72 27 29 7 15 12 27 35 55 20 21 14 0 Pessimistic (week) 28 30 90 30 47 10 18 24 30 50 100 29 24 17 0
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- Using the attached document and the information it provides on a book bag drive, complete the following components for the comprehensive project plan.1. Human Resource Plan: Describe the resource requirements for the project and the roles and skills required of each team member, including the roles and responsibility of the project manager. Include details of the methods to be used for obtaining the team necessary to complete the tasks listed in the project schedule.2. Cost and Budget Estimate: Develop an approximation of the monetary resources needed to complete the project activities. In addition, aggregate the estimated costs of individual activities to prepare the project budget.3. Procurement and Acquisition Plan: Describe theplan to purchase or acquire products, services, orresources needed from outside the project team.The document should also forecast the processes of administering and closing procurement for the project.Compile Project Part 2 and Project Part 3 into a single…Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop a project network. A project network with 8 activities and 8 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B and to activity D. Activity B is connected to activity E. Activity C is connected to activity F. Activity D is…Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a). Develop a project network. (b) Develop an activity schedule. Activity EarliestStart LatestStart EarliestFinish LatestFinish Slack A B C D E F (c) What are the critical activities? (Enter your answers as…
- Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop a project network. A project network with 8 activities and 8 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B and to activity C. Activity B is connected to activity E. Activity C is connected to activity D. Activity D is…Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (d) Assume that the company wants to complete the project in six months or 26 weeks. What is the amount of crash time (in weeks) for each activity that minimizes cost? (A, B, C, D, E) = (e) Develop an activity schedule for the crashed project. Activity EarliestStart LatestStart…Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop an activity schedule. What are the critical activities? (Enter your answers as a comma-separated list.) Assume that the company wants to complete the project in six months or 26 weeks. What is the amount of crash time (in weeks) for each activity that minimizes…
- The Advanced Tech Company has a project to design an integrated information data base for a major bank. Data for the project are given in the following table. Indirect project costs amount to $250 per day. The company will incur a $200 per day penalty for each day the project lasts beyond day 12. Activity Normal Time (days) Normal Cost ($) Crash Time (days) Crash Cost ($) Immediate Predecessor(s) A 5 800 4 1,000 − B 5 1,100 2 2,900 − C 2 600 1 900 A, B D 3 1,200 2 2,000 B E 3 1,500 2 1,700 C, D F 2 1,300 1 1,400 E G 3 900 3 900 E H 5 500 2 800 G a. What is the project's duration if only normal times are used? The project duration is nothing day(s). (Enter your response as an integer.)…This case describes one company's approach to establishing a project portfolio management capability. It focuses on the practical methods used by United Illuminating Company (UI), a regional distribution utility that provides electricity and energy-related services in Connecticut, to migrate from a traditional functionally based project environment to a dynamic, crossfunctional business environment that manages projects for strategic advantage. The migration period addressed is approximately one year, which is the time it took to establish the fundamentals of Project Portfolio Management (PPM) into the organization. In the spirit of the continuous improvement approach to business, this effort is still in progress.UI, as a public electric utility, is transitioning to become a vital player in the new deregulated utility environment. In 2000, UI's senior management recognized that sustaining shareholder value called for improvement of business processes and the proper selection,…Constraints in project management are some important factors that everyone must work within to achieve the project goals and unfortunately, these are unavoidable. As a Project Manager, being aware of the limitations is essential in directing project path and ultimately reaching success. That is why, by knowing project constraints is such an important task to be performed at the planning stage. There are 6 Project Constraints that we need to know. Explain the following constraints in your own words and make sure to identify 2 applications / connections / linkages of such constraint with your WBS. Write your answer on the space provided below.
- The network diagram of a project with four activities is presented below. Start A B C D The estimated optimistic, most likely, and pessimistic times of each task are given in the table below. The expected time and variance of acitivities A are also given in the table. The expected time and variance of activity C and D are irrelevant in this problem. So they can be ignored. optimistic 14 4 5 5 most likely B 18 10 7 10 End pessimistic 23 18 13 12 Expected time 18.167 XX mm variance 81/36 [Three decimal places for all answers) (1) What is the expected task time of activity B? (2) What is the variance of the task time for activity B (3) What is the expected length of path A-B? (2) What is the standard deviation of the length of path A-B? yy 22You may need to use the appropriate technology to answer this question. Due to population growth in the area, the new Liberty High School has just opened in a local school district. The athletic director at Liberty High is planning the launch of the school's track and field team. The first team practice is scheduled for April 1. The activities, their immediate predecessors, and the activity time estimates (in weeks) are listed in the following table. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Meet with board 1 1 2 B Hire coaches A 4 6 8 C Conduct fundraiser A 2 4 6 D Announce program B, C 1 2 3 E Meet with coaches B 2 3 4 F Order team equipment A 1 2 3 G Register athletes D 1 2 3 H Reserve buses for meets G 1 2 3 I Plan first practice E, H, F 1 1 1 (a) Draw a project network. A project network with 11 activities and 13 directed arcs is shown. Activity Start is connected to activity A. Activity A…SUBJECT PROJECT MANAGEMENT Project network diagram (PND) is a graphical diagram of project schedule represented the whole activities conducted in a project. There are two types of PND used in managing project schedule that are arrow diagramming method (ADM) and precedence diagramming method (PDM).