Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

Please type in doc or hand-write the working steps on paper for each problem. WRITE LEGIBLY. please show the working steps. There are 4 questions with sub-sections.The precedence chart is given...

1 answer below »

Please type in doc or hand-write the working steps on paper for each problem. WRITE LEGIBLY. please show the working steps. There are 4 questions with sub-sections.

  1. The precedence chart is given below:

Activity

Immediate

Predecessors

Optimistic Time (days)

Most Likely time (days)

Pessimistic Time (days)

Activity

Standard Deviation

Activity

Variance

A

-

4

8

12

B

-

2

3

4

C

A,B

5

10

15

D

C

3

5

7

E

D

4

6

8

F

D

2

4

6

  1. Perform critical path analysis. The critical path is _________ and the project duration is around ______________ days. Use forward and backward passes approach (i.e.) practitioner approach.
  2. Compute total slack and free slack for each activity.
  3. Compute project variance (i.e.) variance along critical path. Use Beta Distribution for computing values.
  4. Find the probability of completing this project within 32 days. Use Normal Table for computing the probability.

Show working steps. (Total points: 20)

  1. Consider the precedence (with resources) chart. Perform resource smoothing and pictorially represent resource smoothing.

Activity

Immediate Predecessors

Duration in days

Number of painters used

A

-

5

3

B

-

4

5

C

A

7

3

D

B

4

4

F

-

3

3

3) Consider the precedence chart given below. Give the sequence of crashing for 5 days. Compute the extra cost incurred because of crashing by 5 days.

Activity

Immediate Predecessors

Normal Time (days)

Crash Time

(days)

Normal Cost ($)

Crash Cost ($)

A

-

4

2

200

500

B

-

3

3

300

300

C

A,B

6

2

800

1200

D

-

4

3

400

600

F

D

8

5

1000

1600


4)Susan Holmes, an IT Project Manager, recorded the project durations of the banking software projects that she had undertaken in the past. The data is given below:

Project Duration (in months)

% of projects

10

35%

12

30%

14

15%

18

20%

Susan generated random numbers: 31, 46, 82, 77, and 12. For the random numbers generated, estimate the project durations by performing Monte Carlo simulation analysis.


Answered Same Day Oct 04, 2022

Solution

Prince answered on Oct 05 2022
66 Votes
1
    Part 1, 2 and 3
    Activity    Optimistic Time (days)    Most Likely time (days)    Pessimistic Time (days)    Expected Time     Task Variance
    A    4    8    12    8    1.7777777778
    B    2    3    4    3    0.1111111111
    C    5    10    15    10    2.7777777778
    D    3    5    7    5    0.4444444444
    E    4    6    8    6    0.4444444444
    F    2    4    6    4    0.4444444444
    The network diagram would be
    The critical path of the project is A-C-D-E
    The Expected Time (Te) of the project is 29 days
    The critical path of the project contains all those tasks with Total Slack (TS) equal to zero (0).
    Part 4:
    To calculate probabilities, we use the Z-Score formula:
    σ = √1.7778 + 2.7778 + 0.4444 + 0.4444
    
σ = √5.4444
    
σ = 2.3333
    Thus,
    Z-Score = (32 - 29) / 2.3333
    Z-Score = 3 / 2.3333
    Z-Score = 1.2857
1.29
    Hence, according to the Z-Score table, if the Z-Score is 1.29, the probability to complete the project within 32 days is 0.9015
90.15%.
2
    According to the information in the exercise, the network diagram:
    The original duration of the project is 12 days. The critical path of the project contains all the tasks with slack equal to zero (0). The original critical path of the project is A-C.
    Smoothing implies distributing the resources throughout the duration of the project avoiding extending it as much as possible.
3
    Activity    Immediate
Predecessors    Normal Time
(days)     Crash Time
(days)    Normal Cost
$    Crash Cost
$    Crash Period
available    Cost
per day
    A    -    4    2    $200.00    $500.00    2    150
    B    -    3    3    $300.00    $300.00    0    0
    C    A,B    6    2    $800.00    $1,200.00    4    100
    D    -    4    3    $400.00    $600.00    1    200
    F    D    8    5    $1,000.00    $1,600.00    3    200
    Normal CPM Network                                After crashing for 5-days
        Initially                Run -1            Run -2            Run -3            Run -4            Run -5
    Activity    Normal Duration    Crash Duration    cost/day    TF    Days Saved    Dur    TF    Days Saved    Dur    TF    Days Saved    Dur    TF    Days Saved    Dur    TF    Days Saved    Dur    TF
    A    4    2    150    2        4    1        4    0        4    1        4    1        4    1
    B    3    3    0    3        3    2        3    1        3    2        3    2        3    2
    C    6    2    100    2        6    1        6    0    1    5    1        5    1    1    4    1
    D    4    3    200    0    1    3    0        3    0        3    0        3    0        3    0
    F    8    5    200    0        8    0    1    7    0        7    0    1    6    0        6    0
    Cost                        200            200            100            200            100
    Savings                        0            0            0            0            0
    project cost            $2,700.00            $2,500.00            $2,300.00            $2,200.00            $2,000.00            $1,900.00
    project duration            12    days        11            10            10            9            9
    Extra Cost            $800.00
4
    Project Duration (in months)    % of projects                Simulation    Outcome
    10    35.00                1    27.5296159107
    12    30.00                2    -4.9207402005
    14    15.00                3    26.630963409
    18    20.00                4    15.2850293949
                        5    23.5803847574
    Mean    25.00                6    23.6279441214
    Standard Deviation    9.1287092918                7    13.8907344594
                        8    23.1749139937
    27.5296159107                    9    21.9568497218
                        10    20.1565372027
                        11    18.5308125213
    Solution                    12    19.1082284439
    Random Numbers for Project    Project...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here