A project has an expected duration of 34 weeks with a critical path variance of 6. Suppose the...

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A project has an expected duration of 34 weeks with a critical path variance of 6. Suppose the project network is given and the critical path is identified on the network. Suppose the normal time, crash time, and the associated cost for each activity is given. You have been asked by your supervisor to prepare a research paper that addresses the follow criteria:

What is the probability that the project will be completed in 32 weeks or less?

If the project is to be shortened by four days, list the process you would take to determine which activities, in order of reduction, would be shortened and the resulting cost.

Describe project cost and the requirements for its determination and application in a production facility.

Analyze implications of changes in the parameters of project timing and cost determination.

Evaluate application of project cost and timing concepts on a firm's business operations.

Present your findings as a Word document formatted in APA style.

Submitting your assignment in APA format means, at a minimum, you will need the following:

Title page:Remember the running head and title in all capital letters.

Abstract:This is a summary of your paper, not an introduction. Begin writing in third-person voice.

Body:The body of your paper begins on the page following the title page and abstract page, and it must be double-spaced between paragraphs. The typeface should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA level headings and references. The deliverable length of the body of your paper for this assignment is 3–4 pages. In-text academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.

Reference page:References that align with your in-text academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper- and lower-case usage as appropriate for the type of resource used. Remember, the reference page is not a bibliography, but it is a further listing of the abbreviated in-text citations used in the paper. Every referenced item must have a corresponding in-text citation.

Kuldeep · Accepted Answer

Running head: SCM/Operations Management
SCM
SCM/Operations Management
Student Name:
Unit Name:
University Name:
Date:
Contents
Abstract	3
What are the probability that the project will be finished in 32 weeks and less than 32 weeks?	3
Shortening Project Completion Time by 4 Days	3
Project Cost	4
Changes in the Timing Parameters and Project Cost Determination	4
Application of Timing Concepts and Project Cost on Business operations of Company	5
References	6
Abstract 
This paper analyzes a variety of problems that arise during the project development process. This paper calculates the possibility of shortening the project by two weeks; the process required to decrease project time, discusses project cost in terms of determining the project cost and lastly assesses how changes in project cost moreover time affect the business managing the project.
What are the probability that the project will be finished in 32 weeks and less than 32 weeks?
To verify the probability of the finishing project in 34 days, given project anticipated time as well as project variance, the given formula will be in use.  Z= (D-Te)/α. Where Z is the time of standard deviation D is from Te. Te is an anticipated time or D is an innovative completion date to be evaluated. In this case, D is 34, Te is 36, as well as α is 6.  Hence Z = (34-36)/6. This is equal to -2/6 = -0.3333. Depend on the table of cumulative normal probability, P [Z≤0.33] = 0.3707. Therefore the probability that the project could be finished in 32 weeks is 37%.
Shortening Project Completion Time by 4 Days
If a project is reduced by four days, you want to verify how long it takes to finish each activity. This must be done by mapping the CPM project furthermore determining the critical path of the project. After that, activities in the critical path should be identified, which can be also shortened at decreased costs (Abbasi & Yaghtin, 2018). When performing an operation,

A project has an expected duration of 34 weeks with a critical path variance of 6. Suppose the project network is given and the critical path is identified on the network. Suppose the normal time,...

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