The first project is a process optimization which would result in a cost reduction of $120,000 per year. This benefit would be achieved immediately after the end of the project.…
b) If the project schedule is relaxed or lengthened, what is the impact on quality? (15 points)…
b. Assign costs to a 3,000 square foot job that requires 70 contact hours, 20 design hours, and 14 days to complete.…
The project staff analysed with basis in a series of factors like training staff, adequate to legislative requirements, measuring risks, availability of the budget and quality standards to set a timeline. Once every step is scheduled, the whole staff can work with a estimated and real parameter of timeline.…
Introduction What a better way to end the year in CEE 201 with a construction project that deals with bidding. Our studies throughout the year have been focused upon engineering economics transitioning into linear programming models in order for engineers to make educated decisions in real life situations. In order to supplement this thought process, the construction game was created that deals with placing bids, ordering labor, and hiring workers to make a year’s end profit. This game is structured around placing bids against other teams within the class for three rounds over three years. If the bid is won for your team, your company completes the project and the profit is later computed. As with every reasonable game, there are rules to be followed. Each team has secured a capital of ten million dollars total for the three fiscal years. Before bids are placed, your company must purchase all the concrete and labor that will be required throughout the year. Unused money will increase by four percent each year in the stock market while additional funds beyond the ten million venture of capital funding will be secured via a loan with a ten percent annual interest rate. With purchasing concrete and construction workers, there are constraints to find certain values. Each construction worker will work up to two thousand hours per year and receive an annual salary of fifty thousand dollars. Unions demand that hired workers are paid whether they are actually put to work or not and the unions have agreed that workers may divide their hours of labor between multiple projects. Each cubic yard of concrete costs one hundred dollars and includes cost of purchase and transportation. Unused labor does not carry over into the following year, but concrete does. Unused concrete can be salvaged for ten dollars per cubic yard at the end of year three. Unused labor will be sold to a temporary agency for fifteen dollars an…
5. Mattox Company is building a new plant that will take three years to construct. The construction will be financed in part by funds borrowed during the construction period. There are significant architect fees,…
The construction must start on January 14, 2004 and must be completed within fifteen months. Liquidated damages (penalty clause) of $250,000 per calendar day of delay beyond March 31, 2005 is written into the contract. On the other hand, Ace will receive an Early Completion Bonus of $100,000 per day for each workday the project is completed before March 31, 2005.…
Read the Specialty Contractors case (download) and submit your analysis of the exercise - i.e., identify which activities should be crashed and by how much time, what is the cost of doing this and how soon can the project be completed. (Hint: Use the greedy algorithm taught in class even though it is not guaranteed to always find the optimal solution.) [Please submit your assignment as an attachment.]…
Phone: 979-209-8607 You may leave a voicemail , but you must include your name and the question in the message. Do not leave a message to ‘call you’. I need to know why you want to talk to me so I may have an answer ready for you when I call you back.…
1. What is the estimated project completion date? (Assume there are no holidays and ignore the sunk cost of the planning team’s effort)…
Control Scope a. Inputs i. Project mgmt. plan ii. Work Performance info iii. Requirement Doc iv.…
1. Evaluate the three scenarios proposed by the project team along the lines of the criteria presented in the case…
A. OBJECTIVES OF THE PROJECT: (Problem area/s to be investigated, objectives of the project and expected results.)…
At the meantime, the company manager decide to tender an interior design project in Subang Jaya, the contract sum is RM 1,640,000 (Ringgit Malaysia : One Million and Six Hundred Forty Thousand Only). If the company got the Letter of Award for that project, the project may start at the end of August 2008. This project will taken 2 months to complete. Then, the company has to make sure they have enough funds…
This is all my own work and other sources are properly credited - I certify that the attached assignment is my own work. Material drawn from other sources has been appropriately and fully acknowledged by providing author/creator, source and other bibliographic details. Such referencing meets unit-specific requirements of format and style.…