What is the importance of variance analysis to project managers?
Q: Using PERT, Adam Munson was a ble to determinethat the expected project completion time for the…
A: Note: - Since we can answer only up to three subparts we will answer the first three subparts(a, b,…
Q: example of cost control for project
A: Cost Control A tool which is used by the organization’s management in controlling and regulating the…
Q: c. Suppose that the indirect costs of the project amount to $200 per day. Find theoptimal number of…
A: Given Data Activity Immediate Predecessor Normal Time Expedited Time Normal Cost Expedited…
Q: Why is it important to use earned value management (EVM) in the overall management of projects?…
A: Earned value management refers to the project management tool that helps the professional to…
Q: a. Draw the project network diagram. b. What completion date would you recommend?
A: Below is the solution:-
Q: Recently, you were assigned to manage a project to remodelthe seminar room for your company. You…
A: Given data is
Q: Consider the following project activities with a normal unit: (The normal unit is Day) Activity…
A: Network Diagram :
Q: What is the role of capacity in project management?
A: Before getting into the question, let’s first understand the meaning of capacity. It means the…
Q: Define WBS and work package. Draw WBS for a TV prototype manufacture project. How does WBS help the…
A: Note- Only three parts have been answered as per the guidelines of Bartleby. A work package refers…
Q: Ssus and the management at yankee ltd. Want an expected time and variance for pest control activity…
A: Given: Optimistic time (a) = 2 weeks Pessimistic time (b) = 8 weeks Most likely Time (m) = 4 weeks…
Q: please help, project management 1) Given the following information for a one-year project, answer…
A: This question is related to the topic Project Management and This topic falls under the…
Q: An architect of a task force planning the construction of a domed stadium had hoped to be able to…
A: Critical path: It is the order of activities/task associated with the project network which…
Q: 2/ For the project data shown in the table below. If it was decided to turn over the project at 34…
A: Given data is
Q: 4- Standard Deviation Value For the critical path in the project is
A:
Q: ID Immediate Time (weeks) Predecessor A 6 B. 4 3. D. A, B, C 7 4. F D 2 H. ID Cost by week (in…
A:
Q: Give data of a project. Project manager checks the project at the end of week 10th Manpowers/ weeks…
A: Cost Variance (CV = EV - AC) Cost Performance Index (CPI = EV/AC) Schedule Variance (SV = EV -…
Q: Rich Cole Control Devices, Inc., producescustom-built relay devices for auto makers. The most…
A: Critical path: The critical path in project management is used to calculate the most efficient…
Q: In project manangement what is a scope baseline?
A: Before defining the project scope baseline one needs to understand the project scope. Project scope…
Q: Gabrielle Kramer, owner of Pet Paradise, is opening a new store in Columbus, Ohio. Her major concern…
A: From the network diagram, The possible paths and their duration are: A-D-G-H = 3+3+1+3 = 10B-E-F =…
Q: 3.8 Roger Ginde is developing a program in supply chain management certification for managers. Ginde…
A: 3.8) Given Activity Immediate Predecessor(s) Time(Days) A ______ 2 B ______ 5 C ______ 1…
Q: Izzi used a project management softwäre package and has determined the following results for a given…
A: Expected completion time of the project: μ=22 days Variance of Project: σ2=2.77 days Standard…
Q: What is the role of capacity in the management of projects?
A: It is a system of allocating resources to achieve maximum productivity. It also helps us determine…
Q: How are the mean activity times and activity variancescomputed in probabilistic CPM/PERT analysis?
A: It is another form of critical path method known as the program evaluation and review technique…
Q: Ql: For activities shown in table below, find the new time of project after updating, if the project…
A:
Q: The information in the table below is available for a large fund-raising project. Activity…
A: 1. During forward pass in case of more than two preceding activities the early start will be…
Q: 1- Data for small project are given, determine the following 1- ES for Activity C, E. G. J 2- E.F…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: Ssus and the management at yankee Itd. Want an expected time and variance for pest control activity…
A: Expected time is the estimated time required to complete the project activities to complete the…
Q: What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance…
A: WE ARE ALLOWED TO DO THREE SUB-PARTS ONLY. THE ANSWER IS AS BELOW:
Q: a. Develop a project network. b. Develop an activity schedule. C. What are the critical activities,…
A: A project schedule network diagram shows the sequence of the task that is performed to complete a…
Q: Given the following table, construct a network diagram, either AOA or AON. Times are in days.a.…
A:
Q: snip
A: Answer: Please note- Since we only answer up to first 3 sub-parts, we will answer the first 3.…
Q: Build a PERT Analysis for a 3-month project with 6 activities (A to F) and 5 nodes
A: The PERT Method (or Program Evaluation and Review Approach) is a standard network analysis…
Q: a. Draw a network diagram and determine the expected project completion time b. What is the…
A: Below is the solution:-
Q: What’s the significance of identifying the critical path?
A: Since you have asked multiple questions, we will answer the first question for you. If you want a…
Q: Three recent college graduates have formed a partnership and have opened an advertising firm. Their…
A: Expected time Te=Optimistic Time +4×Most Likely Time +Pessimistic Time6 Variance σ2=Pessimistic Time…
Q: If we used AW analysis instead of PW analysis to select a project, it will give us a different…
A: Annual worth analyses are quite identical to present worth analysis, except that all expenditures…
Q: Define Time–Cost Models and Project Crashing?
A: Project crashing Project crushing refers to the process of reducing the project duration by…
Q: The following activities represent a small project to be constructed Normal Duration Previous (…
A: Given data is
Q: Explain the importance of a PERT diagram in a project plan.
A: PERT or Project Evaluation Review Technique in project management (PM) applies to a method that is…
Q: 11-23 Tom Schriber, the director of personnel of Manage- ment Resources, Inc., is in the process of…
A: In a network diagram, the activities with no predecessor activities are initial activities. When an…
Q: Act. Dur. 1-2 A 2-3 8 2-4 C 46 C 2-5 D 56 D 3-7 E 48 F 69 G 3. 5-10 H 7-11I 8-12 J 7. 9-14 K 10-13 L…
A: Given data is
Q: The following activities represent a small project to be constructed Activity Normal Duration…
A: Find the given details below: Given Details: Activity Normal Duration(Days) Previous Activity…
Q: 14 - In earned value analysis, we found that BCWP: $24,800 BCWS: $27,650 ACWP: $21,900 The project…
A: Earned Value Analysis (EVA): It is a system that enables the project manager to estimate the amount…
Q: Gabrielle Kramer, owner of Pet Paradise, is opening a new store in Columbus, Ohio. Her major concern…
A: Project Evaluation and Review Technique (PERT) may be a technique utilized in project management…
Q: 2) Following is a table listing the project activities, sequencing requirements and other relevant…
A: Given that: Activity Regular Time Crash Time Regular Cost Crash Cost A 6 2 $2,000 $3,800…
Q: How is the variance of the total project computed inPERT
A: Project management scheduling contains a list of a project related activities and deliverables,…
Q: How can we determine the PW of the project?
A: Present worth (PW) of the project is a decision rule to determine whether to accept the project by…
Q: 1. Define what a PERT diagram is relative to project planning, and explain the importance of a PERT…
A: Project planning is the concept of project management in which scheduling is used to develop…
Q: Davison Construction Company is building a luxury lakefront home in the Finger Lakes region of New…
A: Given-
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- What is the purpose of a feasibility study in the initial stages of a project?The following table shows the various activities of the development of a new product in your organization; Activity Event Immediate Predecesor(s) Estimates of Activity Duration (Weeks) Optimistic (To) Most Likely (Tm) Pessimistic (Tp) Average (Te) 1 A - 2 3 4 ? 2 B A 1 2 ? 2 3 C A 1 ? 4 2.2 4 D B ? 5 6 5 5 E B 3 ? 5 4 6 F C 2 3 ? 3 7 G D ? 2 4 2.2 8 H E,F,G 3 4 6 ? 9 I H 3 ? 5 4 10 J I 2 1 3…In project management why is float important?
- Stinnett Transmissions, Incorporated, has the following estimates for its new gear assembly project: Price $1,220 per unit; variable costs = $3.75 million; quantity = 90,000 units. Suppose the company believes all of its estimates are accurate only to within ±15 percent. What values should the company use for the four variables given here when it performs its best-case scenario analysis? What about the worst-case scenario? Pls don't copy answer i give up voteV what is feasibility Report ?Define when and why we need it And also define who prepare this document.Analyse the sensitivity analysis and summarise the implications of the analysis for the project, Property acquisition 50%, financing 70% and construction 50%.
- The following table shows the various activities of the development of a new product in your organization. Activity Event Immediate Predecessor(s) Estimates of Activity Duration (Weeks) Optimistic (To) Most Likely (Tm) Pessimistic (Tp) Average (Te) 1 A - 2 3 4 ? 3 2 B A 1 2 3 2 3 C A 1 2.05 4 2.2 4 D B 4 5 6 5 5 E B 3 4 5 4 6 F C 2 3 4 3 7 G D 1.2 2 4 2.2 8 H E,F, G 3 4 6 4.167 9 I H 3 4 5 4 10 J I 2 1 3 1.5 Questions: Draw the PERT network from the given data. (choose the correct answer for the following questions 1. When composing a risk management plan, one of the activities is to define: Group of answer choices Methods Work breakdown structure Project charter Project Resource allocationOmar has recently been hired as the HIM director at a large medical center. He realizes that he has a number of employees whose job duties would allow them to work from home. Because his boss has asked him for a space reduction proposal, he recognizes the need to implement a work-at-home program for his employees. What steps should Omar take in developing a security program for the employees who will work from home? Develop a checklist of considerations, along with a list of resources that would facilitate his security program.
- What is the minimum cost of crashing the following project at Sawaya Robotics by 4 days? NORMAL CRASH TIME (DAYS) TIME (DAYS) 9 7 7 6 5 4 6 4 9 6 ACTIVITY Design (A) Wiring (B) Chip install (C) Software (D) Testing (E) The minimum cost of crashing the following project at Sawaya Robotics by. 4 days is $ NORMAL COST 200 800 600 1,100 1,200 CRASH COST 300 875 675 1,300 1,875 IMMEDIATE PREDECESSOR(S) (enter your response as a whole number). A, B CCASE STUDYYour firm MS MACKAY LTD. won a project of €1,785,000 to build a 161kV/33kV sub-station. You have been selected as the project manager to lead the project team for the successful execution of the project. You are the project manager, there are a total of 8,400 hours of work schedule on the project. You made your checks with the accounting department, and they told you that you have spent a total of €1,144,000. According to the schedule, your team should have worked 5000 hours, but your foreman says that the team was allowed to work some overtime, and they have actually put in 5600 hours of work. A. Develop the activities sequence for the project in the CASE STUDY. B. Building the capacity of a project team is one of the responsibilities of a project manager. How would you balance your efforts to get the project done with your efforts to help team members use their work on the project to develop themselves professionally? Defend your answer. C. Explain the following types of…The following table shows the various activities of the development of a new product in your organization. Activity Event Immediate Predecessor(s) Estimates of Activity Duration (Weeks) Optimistic (To) Most Likely (Tm) Pessimistic (Tp) Average (Te) 1 A - 2 3 4 ? 2 B A 1 2 ? 2 3 C A 1 ? 4 2.2 4 D B ? 5 6 5 5 E B 3 ? 5 4 6 F C 2 3 ? 3 7 G D ? 2 4 2.2 8 H E,F, G 3 4 6 ? 9 I H 3 ? 5 4 10 J I 2 1 3 ? Questions: Calculate ALL the missing (?) data points. Draw the PERT network from the given data. Determine ALL the paths, the critical path and its total duration in days. Explain the limitations…