Questions from General Project Management


Q: 1. What is the cost of completing this project if no

1. What is the cost of completing this project if no overtime is used? How long will it take to complete the project? 2. What is the shortest amount of time in which the project can be completed? Wha...

See Answer

Q: 1. Calculate the schedule variance and cost variance for the Bullwhip

1. Calculate the schedule variance and cost variance for the Bullwhip project. 2. Does Jimmy’s point about the material costs have merit? If so, does this have any implications for the way the earned...

See Answer

Q: A light manufacturing firm has set up a project for developing a

A light manufacturing firm has set up a project for developing a new machine for one of its production lines. The most likely estimated cost of the project itself is $1,000,000, but the most optimisti...

See Answer

Q: The IT unit of a company has been asked to prepare a

The IT unit of a company has been asked to prepare a budget for a special software package project. The group has considerable experience with similar tasks and submits the costs in the following tabl...

See Answer

Q: A four-year financial project is forecast to have net cash

A four-year financial project is forecast to have net cash inflows of $20,000; $25,000; $30,000; and $50,000 in the next 4 years. It will cost $75,000 to implement the project, payable at the beginnin...

See Answer

Q: What would happen to the NPV of the above project if the

What would happen to the NPV of the above project if the inflation rate was expected to be 4 percent in each of the next 4 years? You may use either Excel® or CB to determine your answer.

See Answer

Q: Information about the cash flows for a four-year financial project

Information about the cash flows for a four-year financial project are listed in the following table. The cash flows are assumed to follow a triangular distribution. The cost of implementing the proje...

See Answer

Q: Given the project in Exercise 5.11, simulate the completion

Given the project in Exercise 5.11, simulate the completion of the project 1000 times, assuming that the activity times are at the 99 + level and follow a triangular distribution.

See Answer

Q: Refer to the network in Figure 5-14. What is

Refer to the network in Figure 5-14. What is the probability that path a-b-c-f will interfere with the promised project completion of 50 days? Recall that the critical path, a-b-d-g-h, had a probabili...

See Answer

Q: Given the information in the following table, draw the AOA network

Given the information in the following table, draw the AOA network. Using the same information, enter the data into MSP assuming a 7-day workweek. (To change the calendar in MSP from its 5-day week de...

See Answer