Pert Mustang - 2675 Words

Chapter 2 Homework Problem Solutions Chapter 2 Project Management Study Objectives: construct a network diagram for a project determine critical path and expected completion time of a project with deterministic task times (note: some of us also do calculations for probabilistic times, but not required) calculate slack times for a particular task know how to â€Å"crash† a project down to a certain completion time at the lowest cost (note: just the concept of crashing needs to be discussed and not the calculations; some of us do the calculations, others do not) Discussion Questions: 3. Most everyone should be able to describe some project they have been a part of. Common ones include preparing a high-school yearbook, planning a major†¦show more content†¦T = 47 days, TE = 43.17 days, and the sum of the variances for the critical activities is: (0.25 + 5.44 + 0.69 + 2.25) = 8.63. zï€ ½ T ï€ ­ TE ï€ ½ 47 ï€ ­ 43.17 8.63 ï€ ½ 3.83 ï€ ½ 1.30 2.94 ï  ³2 Assuming the normal distribution applies, we use the table for the normal probability distribution. Given z = 1.30, the probability that activities A–D–G–I can be completed in 47 days or less is 0.9032. 32 33 Problem 12 (page 82) Table 2.5 on page 82 contains information about an environmental clean-up project. Shorten the project three weeks by finding the minimum-cost schedule. Assume that project indirect costs and penalty consts are negligible. Identify activities to crash while minimizing the additional crash costs. Solution: AON Diagram for the environmental project: 7 7 C 7 14 14 ES ID EF LS DUR LF 0 0 A 7 7 7 14 14 F 1 15 15 15 15 H 3 18 18 Start 7 7 D 6 13 13 Finish 0 0 B 12 13 13 G 3 16 16 16 16 I 2 18Show MoreRelatedPert Mustang1009 Words   |  5 Pagesproject, including transporting the car to Detroit before the auto show begins. Your report should briefly discuss the aspects of the proposed new business, such as the competitive priorities that Roberts asked about. Roberts want to restore her Mustang to mint condition or as close to mint condition as possible, and use it in sales and advertising and take it to auto shows to attract new business within 45 working days. From the activities estimate of times and tasks that need to be done, we identifyRead MoreStandardized Testing At Mandarin High School1604 Words   |  7 Pagesrecently graduated from Mandarin High School have important insight on our topic. They have experienced through four years of high school. All now in college had a different outlook on testing. We interviewed four college students, all former Mandarin Mustangs. They all explained how testing in High School was not overwhelming compared to the testing they have in college. Though they do feel the testing is all crammed into a short amount of time. These college students however believe that one test doesRead MoreProject Mgmt296381 Words   |  1186 PagesChapter 7 Managing Risk Chapter 15 Chapter 16 International Projects Oversight 11.1 Risk management process [F.8] 11.2 Identifying risks 11.3.2.2 Impact matrix 11.4 Risk assessment 11.5 Risk responses (.2–.1.2) 11.6 Risk register 7.1.2.5 PERT analysis 7.1.2.6.3 Contingency reserves 7.3.3.4 Change control management G.7 Culture awareness 1.4.4 Project offices 8.1.2 Continuous improvement 5.1 Requirements vs. actual [5.3] Chapter 17 Agile PM 6.1.2.2 Rolling wave This pageRead MoreMarketing Mistakes and Successes175322 Words   |  702 Pages What We Can Learn †¢ 159 celebrities and the emblem of the purity and freshness of the West. In the cigarette industry, Marlboro rose to become the top seller from a somewhat similar advertising and image thrust: the Marlboro man. The Ford Mustang had a mystique at one time. Somehow the big bikes of Harley-Davidson developed a more enduring mystique as they appealed to two disparate customer segments: the HOGS and the Rubbies. Different they might be, but both were loyal to their Harleys