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management leadership

Questions and Answers of Management Leadership

Resolve part (d) of Problem 10 assuming the values of α and b are given at the 95 percent level. Repeat, assuming the values are given at the 90 percent level.Problem 10(d) Critical path probability
Using the information below, draw an AOA network. Find the critical path and use it to compute the number of days you would be 95 percent sure the project would be completed. Calculate the slack,
Given the following activities required for staging a community play on Independence Day,(a) Construct an AON diagram.(b) Determine the earliest completion time for the play and the critical path.(c)
Draw an AON network using the following data and find the probability of completing the critical path of the operatic project in 44 days, the official openingdate.
Simulate Problem 27 to find the probabilities of project completion. Use a triangular distribution for defining activity time distributions. After a 1,000-trial simulation, examine the statistical
Simulate Problem 28 to find the probabilities of project completion. Use a triangular distribution for defining activity time distributions. After a 1,000-trial simulation, examine the statistical
In the following table are listed tasks, duration in weeks, and predecessors.(a) Construct a Gantt chart using MSP.(b) Assuming the default 5-day workweek, calculate the critical path of the
In the following table, project activities in days are listed with three time estimates for duration in days and predecessors for the activities.(a) Calculate the expected time of each activity using
The Yankee Chair Company was anxious to get a new model rocking chair onto the market. Past efforts to introduce new models had resulted in frustrating failures. Bret Ricks, president of Yankee
Cincinnati Software, which currently specializes in the installation of manufacturing resource planning (MRP II) systems in small firms, is planning a major expansion into installing the new
Analyze the five proposals and make recommendations based on expected costs.MINI CASE The Sharon Construction Corporation has been awarded a contract for the construction of a 20,000-seat
What other basis might be used to make a decision besides expected costs? What then might the decision be?MINI CASE The Sharon Construction Corporation has been awarded a contract for the
What other factors might enter into the decision such as behavioral, organizational, and political?
What decision would you make as the president?
Identify several resources that may need to be considered when scheduling projects.
Summarize the author’s recommendationsMINI CASEOverall, in the light of this study, we would come out strongly in favor of post-project reviews (provided you do not call them post mortems). We
What is resource loading? How does it differ from resource leveling?
What is an activity slope and what does it indicate?
List and briefly describe the ways projects may be terminated.
What problems may occur if the project manager does not have a follow-on project when the current project nears termination?
What are the primary duties of a termination manager?
On termination of a project, what happens to the information gathered throughout the course of the project?
What is a budget decrement?
Identify the four reasons for project termination.
What does the Project Final Report include?
What factors are considered most important in the decision to terminate a project?
What issues should be considered when using the termination-by-integration method?
Discuss the impact, both positive and negative, of termination on the project team members. How might the negative impact be lessened?
If the actual termination of a project becomes a project in itself, what are the characteristics of this project? How is it different from other projects?
Discuss some reasons why a Project Final Report, when completed, should be permanently retained by the firm.
What elements of the termination process may be responsible for making a project unsuccessful?
How is discriminant analysis used in project management?
What are some characteristics of a good termination manager?
How might one choose which termination method to use?
Why might a failing project not be terminated?
How can termination for reasons other than achievement of project goals be avoided?
What must the project manager do in planning, scheduling, monitoring, and closing out the project?
Which of the four major types of terminations are Political? Cross-Cultural? Senescence?
Would you suspect that most projects are terminated for “non-technical” reasons? Why or why not?
Why would Nucor have thought they could build a new steel mill with one-tenth the engineering resources it normally requires?
What characteristics of this project termination made it a termination by addition?
What other ways could Nucor have terminated this project? What terms would you give these approaches?
Which of the various forms of termination was this?
The authors of this article maintain that politics is an important element of project implementation. Do you agree? Was this project terminated through “political” means?
IMSCO began manufacturing and distributing electrical brooms to industrial customers 43 years ago. Mr. Bretting, president of IMSCO, has been toying with the idea of using IMSCO’s manufacturing and
Excel Electronics is nearing completion of a three-year project to develop and produce a new pocket Phone-Fax-Internet device (PFI). The PFI is no larger than a cigarette pack but has all the power
Name four priority rules. What priority rule is best overall? How would a firm decide which priority rule to use?
Name three efficiency criteria that might be considered when choosing a multi project scheduling system.
What is the average resource load factor? How is it used to determine project completion times?
What are two methods for addressing the constrained resources allocation problem?
How does the task life cycle type affect our attempts to level the resource loads?
What is a “system constrained” task?
How does the resource scheduling method heuristic work?
Describe the concept “critical chain” in your own words.
Why are large fluctuations in the demands for particular resources undesirable? What are the costs of resource leveling? How would a PM determine the “best” amount of leveling?
When might a firm choose to crash a project? What factors must be considered in making this decision?
Why is the impact of scheduling and resource allocation more significant in multi-project organizations?
How much should a manager know about a scheduling or resource allocation computer program to be able to use the output intelligently?
With the significantly increased power of today’s computers, do you think the mathematical programming optimization approaches will become more popular?
What are some of the limitations of AON networks?
Why is leveling of resources needed?
What are some implications of resource allocation when an organization is involved in several projects at once?
What are some of the indirect costs of crashing?
How might AON be used for strategic planning purposes?
Identify the various ways that resources could be needed for project tasks that greatly increase scheduling complexity.
Goldratt suggests setting task durations so short there is a high probability they will not be done on time. What is his thinking here? Do you agree with him?
Of the six constraints, which were cost trade-offs and which were performance trade-offs?
In what way were the performance trade-offs made? That is, how did they affect performance?
What kinds of resource allocation approaches discussed in the chapter were used in this situation?
Why would the planning group use 40% more mechanics than necessary?
What does the availability in the chart represent? Why do the monthly values move up and down?
What does the scheduled amount represent? Why does it drop off in 1991? How can it exceed the availability?
Have you any comment about the duration of this project?
How do you think Chicago improved the benefit-cost ratio of the project?
Given the following network, determine the first activity to be crashed by the following priority rules:(a) Shortest task first(b) Minimum slack first(c) Most critical followers(d) Mostsuccessors
Using the network above and the additional information below, find:(a) The crash cost per day(b) Which activities should be crashed to meet a project deadline of 13 days at minimum cost. Assume
Consider the following network for conducting a two week (10 working days) computer training class:(a) Construct a schedule showing:ESs for all activitiesLSs for all activitiesSlacks for all
Given the following highway rerouting project,(a) Draw the network.(b) Find the ESs, LSs, and slacks.(c) Find the critical path.(d) If the project has a 1 1/2-year deadline for reopening, should we
Given the following network for a stock repurchase project with outside consulting resource demands, construct a modified Gantt AOA chart with resources and a resource load diagram. Suggest how to
Consider the following activity information and the constraint that the project must be completed in 16 weeks.In addition, activities c, f, h, and i may be crashed as follows. Assume partial
Consider the following activity information and the constraint that the project must be completed in 16 weeks.In addition, activities c, f, h, and i may be crashed as follows. Assume partial
Consider the following activity information and the constraint that the project must be completed in 16 weeks.In addition, activities c, f, h, and i may be crashed as follows. Assume partial
The following data were obtained from a study of the times required to conduct a consumer test panel study:Costs are given in thousands of dollars, time in weeks.(a) Find the all-normal schedule and
Given the data in Problem 7, determine the first activities to be crashed by the following priority rules:(a) Shortest task first.(b) Most resources first (use normal cost as the basis).(c) Minimum
Consider the project network below. Suppose the duration of both activities A and D can be reduced to one day, at a cost of $15 per day of reduction. Also, activities E, G, and H can be reduced in
Given a network for an HR training project with normal times and crash times (in parentheses), find the cost-duration history. Assume indirect costs for facilities and equipment are $100 per day. The
Reconsider Problem 2, assuming a fixed overhead cost of $30 per day but no project deadline. What is the least-cost crash program? What if the overhead cost was $40? What if it was $60?
The network for shooting a TV commercial as shown in the table has a fixed cost of $90 per day, but money can be saved by shortening the project duration. Find the least-costschedule.
Given the following project to landscape a new building site,(a) Draw a Gantt chart using MSP.(b) Find the critical path and project duration in days.(c) Given that each resource is assigned 100% to
Assume that a resource used by activities e, f, g, and h in the figure below is scarce. To which activity would you assign the resource, based on the following rules?a. Minimum slackb. Most
Given the following project (all times are in days):(a) Draw the network and find the critical path, time, and cost for an all-normal level of project activity.(b) Calculate the crash cost-per-day
Bryce Power Tool Company Kevin Ertle is the director of information technology (IT) for the Bryce Power Tool Company. A decision was made recently to upgrade Bryce’s legacy systems to a
Critical Care Hospital Critical Care Hospital will be purchasing a CATSCAN (computerized axial tomography scanner) in the next six months. The CATSCAN equipment will be installed in the radiology
Construct the nine elements of the plan identified above.MINI CASED. U. Singer Hospital Products Corp. has done sufficient new product development at the research and development level to estimate a
Analyze the plan for potential problems.MINI CASED. U. Singer Hospital Products Corp. has done sufficient new product development at the research and development level to estimate a high likelihood
Analyze the plan for opportunities.MINI CASED. U. Singer Hospital Products Corp. has done sufficient new product development at the research and development level to estimate a high likelihood of
Should the executive committee approve the plan? Why or why not?MINI CASED. U. Singer Hospital Products Corp. has done sufficient new product development at the research and development level to
What alternatives might the executive committee suggest for analysis?MINI CASE D. U. Singer Hospital Products Corp. has done sufficient new product development at the research and development
Discuss the nature and implications of the upcoming accounting switch from GAAP to IFRS in the United States.
Ask an accounting professor at your college or university the following question and report back to the class: “To what extent would my learning the IFRS standards on my own give me competitive
Give an example of “consonance” other than the one provided by Rumelt in the chapter.
Evaluating strategies on a continuous rather than a periodic basis is desired. Discuss the pros and cons of this statement.

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