project mgmt

A project has an expected duration of 34 weeks with a critical path variance of 6. Suppose the project network is given and the critical path is identified on the network. Suppose the normal time, crash time, and the associated cost for each activity is given. You have been asked by your supervisor to prepare a research paper that addresses the follow criteria:

•What is the probability that the project will be completed in 32 weeks or less?
•If the project is to be shortened by four days, list the process you would take to determine which activities, in order of reduction, would be shortened and the resulting cost.
•Describe project cost and the requirements for it's determination and application in a production facility.
•Analyze implications of changes in the parameters of project timing and cost determination.
•Evaluate application of project cost and timing concepts on a firm's business operations

  1. 👍
  2. 👎
  3. 👁
  1. Where are the answers

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. Statistics

    You are interested in estimating the mean of a population. you plan to take a random sample from the population and use the samples mean as an estimate of population mean. Assuming that the population from which you select your

  2. Statistics

    Which of these statements is not true about the variance in a binomial distribution B(n, p)? __________ A. For a fixed p, the variance increases as n increases. B. For a fixed n, the variance is maximum when p = 0.5. C. The

  3. Math

    Tom Schriber, a director of personnel of Management Resources, Inc., is in the process of designing a program that its customers can use in the job-finding process. Some of the activities include preparing resumés, writing

  4. PM

    You are creating a customer database for Modesto Nuts minor league baseball team. Draw a project network given the information below. Complete the forward and backward pass, compute activity slack, and identify the critical path.

  1. Calculus

    Find the critical point and the interval on which the given function is increasing or decreasing, and apply the First Derivative Test to the critical point. Let f(x)=4/x^2+1 Critical Point = Is f a maximum or minumum at the

  2. health

    Which type of exercise increases fat loss? A. High-intensity B. High-duration C. High-duration/low-intensity D. High-intensity/low-duration im stuk on this question and i can't get any information about it inside my head.weird can

  3. statistics

    1. The time required to complete a project is normally distributed with a mean of 80 weeks and a standard deviation of 10 weeks. The construction company must pay a penalty if the project is not finished by the dues date of the

  4. Business

    Assignment for week 5 Given the following information, draw the project network. Compute the early, late and slack times for the project network. which activities are on the critical path have only the start or finish of the

  1. math

    Tom Schriber, a director of personnel of Management resources, Inc. is in the process of designing a program that its customers can use in the job finding process. Some of the activites include preparing resumes, writing letters,

  2. Chemistry

    When a sample is above critical temperature and above critical pressure, it is a supercritical fluid. What happens when a sample is above critical temperature but below critical pressure? What phase is that? What happens when a

  3. Production/Operations Management

    Here is a list of activity times for a project as well as crashing costs for its activities. Determine which activities should be crashed and total cost of crashing if the goal is to shorten the project by three weeks as cheaply

  4. operations research

    4. An R & D project has a list of tasks to be performed whose time estimates are given in the table R & D project Time estimates Activity i - j Activity Name Time (days) To Time (days) tm Time (days) tp 1-2 A 4 6 8 1-3 B 2 3 10

You can view more similar questions or ask a new question.