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Predicting Project Duration
You have signed a contract to build a garage for the Simpsons. You will receive a $500 bonus for completing the project within 15 working days. The contract also contains a penalty clause in which you will lose $100 for each day the project takes longer than 15 working days. Draw a project network given the information below. Complete the forward and backward pass, compute the activity slack, and identify the critical path. Do you expect to receive a bonus or a penalty on this project?
ID| Description | Predecessor | Time/DaysA | Pour Foundation | None | 3B | Erect frame | A | 4C | Roof | B | 4D | Windows | B | 1E | Doors | B | 1F | Electrical | B | 3G | Rough-in frame | C,D,E,F | 2H | Door Opener | E, F | 1I | Paint | G,H | 2J | Clean up | I | 1
Masters Corp. has two bonds with 20-years remaining until maturity. Both bonds are unsecured and are callable at $1,050. Bond A was issued 20 years ago with a coupon rate of 6%. Bond B was issued 10 years ago with a coupon rate of 8%.
Discuss the importance of strategic alignment in project management.
Then, you would like to schedule an emergency meeting with her and the other marketing department managers to discuss the project schedule and next steps.
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How and why you would use a WBS in a project? No particular project, just got stuck on this part of the assignment and needed some input.
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