Assume, if the earned value is equal to actual cost of the project means, ____________? a. There is no variance in the cost b. There is no variance in the schedule c. There is variance in the cost d. There is variance in the schedule
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A: a), b), c), d) Please follow the excel sheet. All solutions are there.
Q: 1-How much slack exists at each activity? 2-What the duration of the project would be if the only…
A: The answer of the above following Question is given below:
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A: Required: 9. A Project can be characterized as _____ . a. Every project may not have a unique…
Q: Q2) Shrink the occurrence time of the following project and find: a) The critical path and the…
A: The solution is provided in the next step.
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A: Given that: The topic is about The quality of service requirements are guaranteed.
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A: The activities need to be moved in order to achieve optimum resources utilization.
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A: This is very simple. Have a look. Solution a) The aim of the data analysis is to have the maximum…
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A: Given mcq is related to project management in computer science.
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A: Answer : One variable data table is used for this scenario.
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A: D-E-F-G-H 2+2+4+2+3=13
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A: the answer is:
Q: Suggest the suitable models for the following mentioned scenarios and mention the reason. Process…
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Q: Q2) Shrink the occurrence time of the following project and find: a) The critical path and the…
A:
Q: Which measures would you regard as inputs and outputs, respectively? Please provide your…
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A: Here is the solution which is mentioned below:
Q: Q2) Shrink the occurrence time of the following project and find: a) The critical path and the…
A: a . calculate critical path b. find out optimized cost
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A: Calculation of SPI is as follows: SPI = EV/PV = 20000/23000 = 0.869
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A: (A):-
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- A project has three sequences of activities (paths), two of which are critical. The critical paths of this project can be characterized in the following way: a. The slack times for each task in the entire project are zero. b. The chain of activities (from start to finish) that has the largest sum of activity durations. c. The early start date and early finish date are always the same for each activity on the critical path. d. To reduce the project duration, you must reduce the slack time of a task on the critical path. e. None of the above are correct.A project estimator is working on estimates for a project that is very similar to a previous project, in that it has many of the same features and those features have similar costs. Each feature or deliverable will represent the same percentage of the total cost as it did for the previous project. He is using the _________ method of top-down estimating. a. ratio b. consensus c. apportion d. function point e. learning curvesGiven the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $23,000 EV = $20,000 AC = $25,000 BAC = $120,000 What is the cost variance, schedule variance, cost performance index (CPI), and scheduleperformance index (SPI) for the project? How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned? Use the schedule performance index (SPI) to estimate how long it will take to finish this project. Sketch the earned value chart based for this project, using Figure 7-5 as a guide.
- Angel Consulting is considering 8 projects. Each project has a cost and an associated return. The budget at Angel is $580. Angel would like to choose the set of projects that maximize the total project return. This data below is provided in the workbook that accompanies this quiz. Project 1 2 3 4 5 6 7 8 Cost $130 $100 $165 $180 $225 $190 $140 $185 Return $205 $225 $350 $285 $400 $325 $265 $375 Which of the following are true for Angel Consulting's project choice problem? O When executing the Greedy Solution Heuristic for this problem, the first project selected is project 5. O When executing the Greedy Solution Heuristic for this problem, the second project selected is project 3. O Exactly two answers are correct. O The Greedy Solution Heuristic completely ignores the project costs and only looks at the project returns. O The solution found using the Greedy Solution Heuristic for this problem will have 3 projects.Which one of the following are true statements about a critical path in a project? Knowledge of the critical path can be used to decide if any tasks in a project can be delayed without extending the length of time of the project. All tasks on the critical path must be completed before any other task in the same project can be started. Decreasing the times of tasks not on the critical path will not decrease the length of time of the project. There is only one critical path in any project.You have been hired by ACME Moving and Storage to develop a program to determine customer charges for moving and storage services that they provided. The ACME Moving and Storage employee will provide the following information about the services being proposed: Customer Full Name Number of Rooms: Travel miles between dwellings o No charge for travel up to an including 25 miles o Travel over 25 miles is $1.00 per mile Storage Months (Optional) o Storage is $100 per month Insurance Options (Optional) o Basic coverage is $5.00 per room o Expanded coverage is $10.00 per room Your goal is to create a program that gathers the customer full name, number of rooms, travel miles, storage months (if desired), and insurance type (if desired). While gathering this information, if the user enters at least one invalid value, the program must display one error message telling the user they made a mistake and that they should re-run the program to try again. The program must then end at this…
- LoB Exercise: could be done in teams or individually. These are two alternative schedules for building six identical houses In Schedule 1 it takes 15 weeks to build one house whilst in Schedule 2 it takes 20 weeks to build one house. Which alternative would result in the quickest project completion time if all activities must be continuous? Schedule 1: A 3w В 2w C 4w D 2w E 4w Cycle = 15 weeks Schedule 2: A 4w В 4w C 4w D 4w Е 4w Cycle = 20 weeksGiven the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $23,000 EV = $20,000 AC = $25,000 BAC = $120,000 Use the schedule performance index (SPI) to estimate how long it will take to finish this project.The time of an activity in a phase of a project given as optimistic 1 day, most likely 3 days, pessimistic 5 days, then activity estimate time will be_______________. a. 3 days b. 5 days c. 1 day d. 4 days
- Question 28 Previous Ne State whether the following statement is TRUE or FALSE Ideal time, however, refers to working time under ideal conditions, that is, eliminating everything that is not strictly "work", if there are not interruptions, pauses or attention to non-task issues and that the person is in his best conditions of concentration and availability. Answer. False True Question 29 Previous < State whether the following statement is TRUE or FALSE A interval scale, finally, also is a quantitative scale but one which contains a meaningful zero value, and as a result computing the ratio between different values also becomes a meaningful concept. Answer: True False State whether the following statement is TRUE or FAL Extreme programming is a part of agile methodology. True FalseActivity Predecessor Normal Time Activity Crash Normal Cost ($) Crash Cost ($) (days) Time (days) or Activities A 5 4 2000 2200 В 7 6. 1500 2000 C 5 4 2200 2400 D 10 8 2500 2800 E B 6. 5 1950 2350 F А, С 7 5 800 1450 G В 4 3650 4150 H E, D, G 6 5 1200 1550 a) What is the critical path for this project in Table 1, using the normal times (you are required to submit your CPM Arrow on Node Diagram)?Suppose we have the following project: STA Activity D, duration = 18 days Activity E, duration = 20 days Activity F, duration = 13 days Activity G, duration = 10 days Activity H, duration=17 days Activity K, duration = 12 days Activity A, duration = 15 days Activity B, duration = 14 days Activity C, duration = 18 days The expected project completion time is. days. FIN