Attachment # 00006324 - module_3.xlsx
module_3.xlsx (84.1 KB)
Raw Preview of Attachment:
(refer to the detailed question and attachment below)
The Cosmic project consists of 8 interdependent tasks, labeled A through H.  You’ve consulted experts, and have determined an optimistic, likely and pessimistic completion time (in months) for each of the tasks.  The dependencies, and the times, are listed below.TaskPrecursor(s)OptimisticLikelyPessimisticA(start)BCDEFD,EGHC,F,G(end)1.    Draw a path diagram for the project. 2.  Calculate the expected length and variance of each task.  Fill in the following worksheet.Optimistic (O)Likely (L)Pessimistic (P)Expected Task                                                                       Task Variance    3.  Use the following worksheet to determine the lengths of all possible paths. Determine the critical path, its variance, and standard deviation.What is the critical path? What is its length? PathExpected Path     Path VariancePath Standard Deviation4.  What is the probability of completing the project in 16 months? Show your intermediate results in the worksheet below.Target   pathlength ETCumulative   probability of Z1Note: (1) Determine from a Z-to-p table, or by using an online converter;  i.e., http://sampson.byu.edu/courses/z2p2z-calculator.html The Magus Project consists of 12 interrelated tasks, A through L.  Their estimated normal completion times, normal costs, crash times and crash costs are given below.  (Times in weeks; costs in thousands of dollars.)PredecessorsNormal TimeNormal CostCrash TimeCrash CostA,BB,CIA,DJKF,GLJ,KUse an online application (e.g., Sporkforge, 2014) to find the critical path. Copy the output of the app into your upload as an image.5.   Which tasks are on the critical path? 6.   What is the expected completion time of the project? Instead of being finished in 7 weeks, task B requires 9 weeks. 7.   Which (if any) tasks should be crashed, to make up the lost time? Why? 8.   What is the additional cost of crashing the project?Assignment ExpectationsFor Part 1;  Draw a PERT-CPM diagram clearly showing all the paths, plus the critical path. You may draw the diagram by hand, and paste a scanned image into your upload, but it must be totally legible.For Part 2;  A PERT-CPM diagram is not required.  Use an online app;  paste an image of the app output into your paper.Show, and explain, all the calculations supporting your answers.Unambiguously state your answers.General Case ExpectationsFollow the instructions in the BSBA Writing Style Guide (July 2014 edition), available online at https://mytlc.trident.edu/files/Writing-Guide_Trident_2014.pdf.There are no guidelines concerning length.  Write what you need to write – neither more, nor less.Clearly demonstrate your understanding of both the theory covered in the Module, and the particulars of the Case.Provide references and citations.  At a minimum, you should reference the course materials. These are referenced in APA format on the Background Info page. 

The Cosmic project consists of 8 interdependent tasks, labeled A through H. You’ve consulted experts

Question # 00076601 Posted By: jia_andy Updated on: 06/19/2015 06:44 AM Due on: 10/28/2015
Subject Finance Topic Finance Tutorials:
Question
Dot Image

CPM/Pert analysis

The Cosmic project consists of 8 interdependent tasks, labeled A through H. You’ve consulted experts, and have determined an optimistic, likely and pessimistic completion time (in months) for each of the tasks. The dependencies, and the times, are listed below.

Task

Precursor(s)

Optimistic

Likely

Pessimistic

A

(start)

1

3

5

B

(start)

2

4

7

C

A

4

7

9

D

A

1

4

5

E

A

3

5

6

F

D,E

1

2

4

G

B

3

8

10

H

C,F,G

1

2

4

(end)

H

1. Draw a path diagram for the project.

2. Calculate the expected length and variance of each task. Fill in the following worksheet.

Task

Optimistic (O)

Likely (L)

Pessimistic (P)

Expected Task

Task Variance

A

1

3

5

B

2

4

7

C

4

7

9

D

1

4

5

E

3

5

6

F

1

2

4

G

3

8

10

H

1

2

4

3. Use the following worksheet to determine the lengths of all possible paths. Determine the critical path, its variance, and standard deviation.

What is the critical path? What is its length?

Path

Expected Path

Path Variance

Path Standard Deviation

4. What is the probability of completing the project in 16 months? Show your intermediate results in the worksheet below.

Path

Target path

length ET

Cumulative probability of Z1

Note: (1) Determine from a Z-to-p table, or by using an online converter; i.e., http://sampson.byu.edu/courses/z2p2z-calculator.html

The Magus Project consists of 12 interrelated tasks, A through L. Their estimated normal completion times, normal costs, crash times and crash costs are given below. (Times in weeks; costs in thousands of dollars.)

Task

Predecessors

Normal Time

Normal Cost

Crash Time

Crash Cost

A

(start)

3

20

2

25

B

(start)

7

30

5

50

C

(start)

4

10

3

12

D

A,B

3

2

2

5

E

B,C

8

27

7

33

F

C

6

8

4

10

G

C

7

9

5

12

H

A

4

6

2

8

I

A,D

3

10

1

12

J

E

3

10

1

12

K

F,G

6

8

5

9

L

J,K

5

7

4

8

Use an online application (e.g., Sporkforge, 2014) to find the critical path. Copy the output of the app into your upload as an image.

5. Which tasks are on the critical path?

6. What is the expected completion time of the project?

Instead of being finished in 7 weeks, task B requires 9 weeks.

7. Which (if any) tasks should be crashed, to make up the lost time? Why?

8. What is the additional cost of crashing the project?

Assignment Expectations
  • For Part 1; Draw a PERT-CPM diagram clearly showing all the paths, plus the critical path. You may draw the diagram by hand, and paste a scanned image into your upload, but it must be totally legible.
  • For Part 2; A PERT-CPM diagram is not required. Use an online app; paste an image of the app output into your paper.
  • Show, and explain, all the calculations supporting your answers.
  • Unambiguously state your answers.
General Case Expectations
  • Follow the instructions in the BSBA Writing Style Guide (July 2014 edition), available online at https://mytlc.trident.edu/files/Writing-Guide_Trident_2014.pdf.
  • There are no guidelines concerning length. Write what you need to write – neither more, nor less.
  • Clearly demonstrate your understanding of both the theory covered in the Module, and the particulars of the Case.
  • Provide references and citations. At a minimum, you should reference the course materials. These are referenced in APA format on the Background Info page.
Dot Image
Tutorials for this Question
  1. Tutorial # 00071291 Posted By: jia_andy Posted on: 06/19/2015 06:44 AM
    Puchased By: 4
    Tutorial Preview
    The solution of The Cosmic project consists of 8 interdependent tasks, labeled A through H. You’ve consulted experts...
    Attachments
    PERT_module_3_solu.xlsx (95.36 KB)
Whatsapp Lisa