The MXN Sdn. Bhd. has identified eight activities that would need to be implemented in order...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The MXN Sdn. Bhd. has identified eight activities that would need to be implemented in order to complete the construction project as listed in the table below. Using the PERT three-estimate approach, the company has obtained the estimated duration and the precedence relationships for each activity. In addition, the company may get penalized if it fails to complete the project within 35 weeks. Activity A B C D E F G H Immediate predecessor(s) None A A None Table 2: Project Description B, C C, D D, F E, G Optimistic a 2 4 4 7 4 7 3 2 Time estimate (week) Most likely m 6 8 6 13 7 9 6 4 Pessimistic b 7 9 8 16 13 17 9 9 (a) Construct the activity on the node (AON) network for this project. (b) Compute the expected activity time and the variance for each activity. (c) Determine the forward and backward pass, activity slack, and identify the critical path. (4 Marks) (6 Marks) (8 Marks) (d) Estimate the probability that all the activities on the current critical path will be completed beyond 35 weeks. (5 Marks) (e) Estimate the probability that the company may get penalized due to the late project completion. (2 Marks) The MXN Sdn. Bhd. has identified eight activities that would need to be implemented in order to complete the construction project as listed in the table below. Using the PERT three-estimate approach, the company has obtained the estimated duration and the precedence relationships for each activity. In addition, the company may get penalized if it fails to complete the project within 35 weeks. Activity A B C D E F G H Immediate predecessor(s) None A A None Table 2: Project Description B, C C, D D, F E, G Optimistic a 2 4 4 7 4 7 3 2 Time estimate (week) Most likely m 6 8 6 13 7 9 6 4 Pessimistic b 7 9 8 16 13 17 9 9 (a) Construct the activity on the node (AON) network for this project. (b) Compute the expected activity time and the variance for each activity. (c) Determine the forward and backward pass, activity slack, and identify the critical path. (4 Marks) (6 Marks) (8 Marks) (d) Estimate the probability that all the activities on the current critical path will be completed beyond 35 weeks. (5 Marks) (e) Estimate the probability that the company may get penalized due to the late project completion. (2 Marks)
Expert Answer:
Answer rating: 100% (QA)
The provided question relates to project management and specifically to PERT Program Evaluation Review Technique a statistical tool used to analyze and represent the tasks involved in completing a giv... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
Students also viewed these general management questions
-
Would you want a career as a parole officer? Give me the reasons what you decided.
-
2 Broken Hearts In a study of 900 randomly selected Americans, data are collected for whether or not the subject has had a heart attack (attack = 1 if had a heart attack, 0 otherwise) along with...
-
Define the term "revenue management." Describe how an airline company could maximize revenue from available capacity at a given time.
-
Suppose that a client performs an intermixed sequence of push and pop operations on a pushdown stack. The push operations insert the integers 0 through 9 in order onto the stack; the pop operations...
-
The highest batting average ever recorded in Major League Baseball was by Ted Williams in 1941 when he hit 0.406. That year, the mean and standard deviation for batting average were 0.2806 and...
-
At the end of 2022, Valerie Corporation reported a deferred tax liability of $41,000. At the end of 2023, the company had $241,000 of temporary differences related to property, plant, and equipment....
-
Write some code to sample from a GP prior. In particular, define some onedimensional input points ( \(x\) ), compute the covariance matrix by computing the covariance function at all pairs of points...
-
At December 31, 2010, Jimenez Company reported the following as plant assets. During 2011, the following selected cash transactions occurred. April 1 Purchased land for $2,130,000. May 1 Sold...
-
Exercise 5-22 (Algorithmic) (LO. 7) What are the tax consequences to Euclid from the following independent events? ? In your computations, do not round intermediate division. If required, round the...
-
Based on Figure, Joe, one of your systems analysis team members, made the following entry for the data dictionary used by Marilyns Tours: DATA ELEMENT = TOURIST* * * * PAYMENT ALIAS = TOURIST PAY...
-
Persons attitude has a major role in influencing their behavior and learning'. Do you agree with the above statement? Justify your answer with one example based on your study on theoretical...
-
Create an Income statement, Retained earnings statement, and Classified balance sheet using the following trial balance sheet. ACCOUNT Cash Accounts Receivable Moped Scooter Accumulated Depreciation...
-
Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetual...
-
An investment manager is pleased with their recent investment performance for a particular fund. Suppose that the following applied over the time period from 1 January 2019 to 1 March 2021: The fund...
-
Locate the Treasury bond in Eigure 6.3 maturing in May 2037. Assume a $1,000 par value. a. Is this a premium or discount bond? b. What is its current yield? (Do not round intermediate calculations...
-
1. Assume that OSG currently has accounts receivable of US $1 million from a US company which will be paid in three months. Explain and calculate how one might hedge the company's FX risk. Use the...
-
Psi Corporation's Chief Financial Officer reviews the responsibility reports from all of the center managers. He tends to mainly intervene with the center managers when he discovers a problem. What...
-
How can NAFTA be beneficial to suppliers of Walmart?
-
Suppose you are applying the residual income valuation model to value a firm with extremely conservative accounting. Suppose, for example, the firm is following U.S. GAAP or IFRS, but the firm does...
-
Exhibit 14.10 presents data on market-to-book (MB) ratios, ROCE, the cost of equity capital, and price-earnings (PE) ratios for seven pharmaceutical companies. (Note that PE ratios for these firms...
-
Access the investor relations or corporate information section of the websites of American Airlines (www.aa.com), Intel (www.intel.com), and Disney (disney.go.com). Study the business strategies of...
-
1.8 Krisianto's Competing Job Offers. Krisianto, after an intensive post-graduation job search, has received job offers from three multinational companies. Each posi- tion is based in a different...
-
1.10 Blundell Biotech. Blundell Biotech is a U.S.-based biotechnology company with operations and earn- ings in a number of foreign countries. The company's profits by subsidiary, in local currency...
-
1.9 Comparing Cheap Dates Around the World. Com- parison of prices or costs across different country and currency environments requires translation of the local currency into a single common cur-...
Study smarter with the SolutionInn App