An IT project requires 6 activities. The table below displays the expected time and budgeted cost for each activity.
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126) An IT project requires 6 activities.
The table below displays the expected time and budgeted cost for each activity.
Activity
Expected
time (weeks)
Budgeted
Cost
Immediate
Predecessors
A
3
$2,000
None
B
4
$6,000
None
C
2
$7,000
A
D
5
$9,000
B
E
3
$3,000
C
F
6
$8,000
B,D
Develop a budget for the 15 weeks of the
project using ES times.
127) An IT project requires 6 activities.
The table below displays the expected time and budgeted cost for each activity.
Activity
Expected
time (weeks)
Budgeted
Cost
Immediate
Predecessors
A
3
$2,000
None
B
4
$6,000
None
C
2
$7,000
A
D
5
$9,000
B
E
3
$3,000
C
F
6
$8,000
B,D
Develop a budget for the 15 weeks of the
project using LS times.
128) Activity C of a project has a
budgeted cost of $40,000 and is 20% complete. The actual cost is $10,000.
(a) What is the value of work completed?
(b) What is the activity difference?
129) Development of a new deluxe version
of a particular software product is being considered. The activities necessary
for the completion of this are listed in the table below (Time in weeks).
Activity
Immediate
Predecessor
a
m
b
A
—
2
5
8
B
A
3
6
9
C
A
4
7
10
D
B
2
5
14
E
D
3
3
3
F
C
6
8
10
G
E,
F
1
1
1
H
C
6
10
14
I
G,
H
3
4
5
(a) If you wish to reduce the time
required to complete this project by two weeks, which activity(ies) should be
crashed, and how much will this increase the total cost?
(b) What would be the added cost if you
wanted to complete the project in the minimum time possible?
130) PERT is the acronym for what?
131) In a PERT analysis, how is the
optimistic time defined?
132) CPM is the acronym for what?
133) In PERT analysis, how is the
pessimistic activity time defined?
134) In PERT/CPM, what is meant by the
critical path?
126) An IT project requires 6 activities.
The table below displays the expected time and budgeted cost for each activity.
ActivityExpected
time (weeks)BudgetedCostImmediate
PredecessorsA3$2,000NoneB4$6,000NoneC2$7,000AD5$9,000BE3$3,000CF6$8,000B,DDevelop a budget for the 15 weeks of the
project using ES times.127) An IT project requires 6 activities.
The table below displays the expected time and budgeted cost for each activity.
ActivityExpected
time (weeks)Budgeted
CostImmediate
PredecessorsA3$2,000NoneB4$6,000NoneC2$7,000AD5$9,000BE3$3,000CF6$8,000B,DDevelop a budget for the 15 weeks of the
project using LS times.128) Activity C of a project has a
budgeted cost of $40,000 and is 20% complete. The actual cost is $10,000.(a) What is the value of work completed?(b) What is the activity difference?129) Development of a new deluxe version
of a particular software product is being considered. The activities necessary
for the completion of this are listed in the table below (Time in weeks).ActivityImmediatePredecessorambA–258BA369CA4710DB2514ED333FC6810GE,
F111HC61014IG,
H345(a) If you wish to reduce the time
required to complete this project by two weeks, which activity(ies) should be
crashed, and how much will this increase the total cost?(b) What would be the added cost if you
wanted to complete the project in the minimum time possible?130) PERT is the acronym for what?131) In a PERT analysis, how is the
optimistic time defined?132) CPM is the acronym for what?133) In PERT analysis, how is the
pessimistic activity time defined?134) In PERT/CPM, what is meant by the
critical path?
