Chapter 8 Cost Estimation and Budgeting True/False 1) Direct costs are those clearly assigned to the aspect of the project that generated the cost. T 2) Material is an example of a cost that is recurring‚ variable and direct. T Multiple Choice 1) Which of the following is a direct cost? A) labor B) rent C) depreciation on equipment D) health benefits 2) Workers paid $15.00 per hour with an overhead charge of 1.45 and a personal time allowance of 1.15‚ have what total direct labor cost
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2-15-99 Project Management: The Managerial Process COMPREHENSIVE TABLE OF CONTENTS PREFACE CHAPTER 1 Modern Project Management What is a project? The project life cycle The project manager The importance of project management Snapshot from practice: The best wireless phone in the world Snapshot from practice: The emergence of e.Schwab The evolution of project management systems Project management today-- An integrative approach
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good since there are quite a few major stadiums in Canada that will need replacing in the next 25 years. Part One Given the information provided in the Technical Detail Description of the project‚ construct a network information chart and an AON network diagram and then answer the following questions: 1. Will the project be completed by the June 1st project deadline? 2. How long will the project take? 3. What is (are) the critical path(s) of the project. 4. Should the company accept the contract if
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PROJECT NETWORK DIAGRAMS The preferred technique for showing activity sequencing Schematic display of logical relationships among‚ or sequencing of project activities Uses the activity-on-arrow (AOA) or the arrowdiagramming method (ADM) A=1 1 B=2 2 3 4 G=6 D=4 E=5 5 F=4 H=6 6 I=2 J=3 8 C=3 7 1 1/14/2013 EXAMPLE Activity A B C D E F G H I J Initial Node 1 1 1 2 3 3 4 5 7 6 Final Node 2 3 4 5 5 6 7 6 6 8 Estimated Time 1 2 3 4 5 4 6 6 2 3 PROJECT NETWORK DIAGRAMS Steps in
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Question 3 19 3.1 AON Network Diagram 19 3.2 Computing Slack Time 20 3.3 Different paths/Critical path 20 3.4 Gantt Chart 21 3.4.1 Method 1 21 3.4.2 Method 2 21 Bibliography 23 List of Tabl Table 1 Pareto analysis 3 Table 2. Some statistical tools used in DMAIC . 15 Table 3 Comparison between Six Sigma and other quality programs. 19 Table 4 Computing slack time. 22 Table 5 Activity start and end dates. 23 Table 6 Activity duration. 23 List of FiguresY Figure 1 Pareto analysis diagram for dissatisfied
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airfoil characteristics. It will help them to save a lot of time on computing the equations and on the trial and error method. The program can also be used as basic tool to show the users what will happen when some variables like Reynolds number‚ the AOA of the wings and the speed of the aircraft are changed and how it will affect the results and lift generated. This project report deals with the analysis of widely used airfoils in the modern aircrafts. In this analysis‚ the
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QUIZ 2 IN MGT05: OPERATIONS MANAGEMENT PROJECT MANAGEMENT 1) Which of the following statements regarding Bechtel is true? A) Its competitive advantage is project management. B) Bechtel was the construction contractor for the Hoover Dam. C) While helping to rebuild Iraq‚ Bechtel’s crews had to travel under armed escort. D) Bechtel’s procurement program is global in nature. E) All of the above are true. 2) Which of the following statements about Bechtel is true? A) Even though Bechtel
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……………………………………………………………………3 3. WORK BREAKDOWN STRUCTURE AND AON…………………………………..4 4. COST BREAKDOWN STRUCTURE………………………………………………...5 5. COST CONTROL PROCEDURES…………………………………………………..6 6. OIL SPILL CASE……………………………………………………………………….7 7. REMEDIATION PLAN…………………………………………………………………8 8. AUDIT PROCEDURES……………………………………………………………….9 APPENDICES APPENDIX 1 – WORK BREAKDOWN STRUCTURE………………………………..11 APPENDIX 2 – ACTIVITY-ON-NODE (AON)………………………………………….12 APPENDIX 3 – GANTT CHART…………………………………………………………13
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Project Management • • • • • Introduction to project management Critical path method (CPM) Crashing Uncertain activity durations Reading: Page 760 – 794 Project • Project: – A special type of process / transformation – A series of related jobs directed toward some major output – Require time and resources – Examples • MS Windows 2000‚ Fund raising‚ Preparation for a private party‚ Building a new airport… The Campus Wedding Reserve Church (1) Church Notice (17) 1 Decorate Church
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the specific segment will value the new service and to what extend they are willing to pay money for the provided service. Next a project is designed for the implementation of the innovation. The methods used fort his are techniques such as WBS and AOA‚ which both will be described and explained in the chapter project management. At the end of the research there will be some management decision making as well as the drawing of conclusions will be done. Research Design: For this research it is
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