Reference no: EM131434445
Assignment : Project Management Kristen and Marlon, two recent WPU graduates, own K&M, a company that produces cable assemblies. Business has been good so Kristen and Marlon have decided to expand their product line to include a new cable product, which will be manufactured in the current facility. They have decided to use a project management approach to bring the new product on line, and have identified 11 activities and their precedence relationships:
Activity Description Predecessor a m b Crash time Normal Cost Crash Cost
A Develop product specifications None 2 4 6 3 8000 11000
B Design manufacturing process A 3 6 9 5 30000 35000
C Source and purchase materials A 2 3 4 2 6000 6000
D Source and purchase tooling equipment B 4 6 8 4 24000 28000
E Receive and install tooling equipment D 8 15 16 12 60000 72000
F Receive materials C 2 5 8 4 5000 6500
G Pilot production run E, F 2 2 2 2 6000 6000
H Evaluate product design G 1 2 3 2 4000 4000
I Evaluate process performance G 2 3 4 2 4000 5000
J Write documentation report H, I 2 4 6 2 4000 6400
K Transition to manufacturing J 2 2 2 2 5000 5000
1. Construct a network diagram 2. Calculate the expected time and variance for each of the project activities 3. Calculate the ES, EF, LS and LF times 4. Find the critical path for this project 5. Determine which activities have slack time and how much it is for each one 6. Determine the expected completion time for the project 7. Kristen and Marlon want to know the probability of completing the project in (i) 38; and, (ii) 42 weeks 8. If Kristen and Marlon want to finish their project in 36 weeks, how should they proceed?
|
Valuation of the bond if the market interest rates
: What is the valuation of the bond if the market interest rates are 12%? What is the valuation of the bond if the market interest rates are 6%?
|
|
Using exponential smoothing
: The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. Using exponential smoothing with = 0.40 and the forecast for year 1 being 3,050, the forecast for..
|
|
Give definition of ethical business behavior
: Give a definition of ethical business behavior, explain the component involved in making ethical decisions, and give and example from your personal experience of the sources of ethical norms that affect you while making these determinations.
|
|
What is the role of public health in an emergency
: Finally, what is the role of public health in an emergency? When responding to your classmates, assess their evaluation of the response
|
|
Expected time and variance for each of project activities
: Project Management Kristen and Marlon, two recent WPU graduates, own K&M, a company that produces cable assemblies. Business has been good so Kristen and Marlon have decided to expand their product line to include a new cable product, which will be m..
|
|
Contrast the role the greenhouse effect plays in atmospheres
: Examine the graph below. In your own words, describe why we see a seasonal difference in CO2 concentration in the atmosphere. Examine the figures below. Contrast the role the greenhouse effect plays in the atmospheres of (a) the Moon, (b) Earth, and..
|
|
She charged the supplies to her personal credit card
: Duchess Cruise Lines, Inc. dry-docked a ship, intending to have maintenance done. Melinda, the ship's supply manager, decided to purchase some needed supplies from Marine Equipment Services, Inc., on the ship's behalf while it was in dry-dock. She ch..
|
|
Co-workers have standard set of lotto numbers
: Erin and 3 of her co-workers have a standard set of lotto numbers that they collectively play each week. If they ever match the winning ticket, they will split the money. On her Facebook page, Erin posts that she can’t wait to win so she can quit wor..
|
|
Different conflict situations warranting disciplinary action
: You and your colleagues examined three different conflict situations warranting disciplinary action: Chronic tardiness and absenteeism because the employee is taking care of an aging parent. Sexual harassment accused by a woman against another woman...
|