Answered step by step
Verified Expert Solution
Question
1 Approved Answer
use data from image 1 answer 1-6 Question 1: Using the critical path analysis, answer the following questions: 20pts (1a) Based on the expected tasks'
use data from image 1
Question 1: Using the critical path analysis, answer the following questions: 20pts (1a) Based on the "expected" tasks' duration, what is the estimated completion time for this project? (1b) What is the likelihood (probability) that the project will be completed in 40 weeks? Question 2: What is the additional cost of reducing the project completion time to 35 weeks? Which specific tasks do you recommend crashing to achieve this target completion time? 10pts Question 3: What impacts project completion time if the market assessment (Task B) takes five weeks longer than expected? Justify your answer. 10pts Question 4: Just the night before the meeting, Philip was informed by the Director of Quality that due to the project's complexity, quality assurance work (Task H ) will likely need seven weeks (the most pessimistic time) to complete. Answer the following questions: 20pts (4a) How does this news impact the project completion time? (4b) Does the project now have a new critical path? If so, what is it? provided in the attached Excel data file. 10pts Note: Use the original project data (i.e., ignore scenarios listed in previous questions). Hint: Plan to start a task as early as possible for scheduling purposes. Question 6: Phillip started the project per the weekly schedule (from Q5). He decided to conduct an earned value analysis (EVA) at the end of week 30 to assess the project's progress. Using the task status reported in the attached Excel data file: (6a) Compute the project's cost variance (CV) and schedule variance (SV) at the end of week 30.10pts (6b) Using the schedule performance index (SPI) and cost performance index (CPI), is the project ahead or behind budget and schedule? 10 pts (6c) Using the EVA analysis, estimate the extra budget Question 1: Using the critical path analysis, answer the following questions: 20pts (1a) Based on the "expected" tasks' duration, what is the estimated completion time for this project? (1b) What is the likelihood (probability) that the project will be completed in 40 weeks? Question 2: What is the additional cost of reducing the project completion time to 35 weeks? Which specific tasks do you recommend crashing to achieve this target completion time? 10pts Question 3: What impacts project completion time if the market assessment (Task B) takes five weeks longer than expected? Justify your answer. 10pts Question 4: Just the night before the meeting, Philip was informed by the Director of Quality that due to the project's complexity, quality assurance work (Task H ) will likely need seven weeks (the most pessimistic time) to complete. Answer the following questions: 20pts (4a) How does this news impact the project completion time? (4b) Does the project now have a new critical path? If so, what is it? provided in the attached Excel data file. 10pts Note: Use the original project data (i.e., ignore scenarios listed in previous questions). Hint: Plan to start a task as early as possible for scheduling purposes. Question 6: Phillip started the project per the weekly schedule (from Q5). He decided to conduct an earned value analysis (EVA) at the end of week 30 to assess the project's progress. Using the task status reported in the attached Excel data file: (6a) Compute the project's cost variance (CV) and schedule variance (SV) at the end of week 30.10pts (6b) Using the schedule performance index (SPI) and cost performance index (CPI), is the project ahead or behind budget and schedule? 10 pts (6c) Using the EVA analysis, estimate the extra budget answer 1-6
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started