Order new equipment

15 Jun Order new equipment

Question
Essentials of Applied Quantitiative Methods for Health Services Managers

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12-1 Using the information inTable 12-7, construct a PERT network and answer each of the following questions:
a. What is the expected project completion data?
b. What is the scheduled start and completion date for each activity?
c. Which activities are on the critical path?
d. How long can noncritical path activities be delayed without jeopardizing the overall completion date for this project?
12-2 Assess the impact of the following changes to the time estimates provided in question 12-1. Individually, what is the impact if:
Activity

Predecessor

New Time Estimate

O. Advertise for new staff

N

4

P. Interview for new staff

O

6

Q. Select new staff

P

1

Collectively, what is the impact of these changes?

12-3 As project manager for the example included in question 12-1, what would you recommend to preserve the original project completion date if activity A was reestimated to take 8 weeks, not the original 4 weeks? Provide details.
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· Table 12-7 Project to Convert a 20-Bed Unit in a Nursing Home to Accommodate Patients with Dementia

Activity

Predecessor

Time estimate (weeks)

A

Secure state approval

–

4

B

Identify 20-bed unit to be used

A

1

C

Move existing residents

B

1

D

Clean space

C

2

E

Develop architectural plans

A

9

F

Install new heating and ventilation systems

E

4

G

Install security systems

E

2

H

Move walls; renovate

F

4

I

Identify new equipment

A

1

J

Order new equipment

I

1

K

Unpack and inspect new equipment

J

1

L

Install new equipment

D, K, H

3

M

Reassign staff

A

1

N

Identify new staffing needs

M

1

O

Advertise for new staff

N

3

P

Interview for new staff

O

2

Q

Select new hires

P

3

R

Develop care plan protocols

M

1

S

Train staff

R, Q, M, L

1

T

Modify quality assurance plans

S

2

U

Coordinate with hospital discharge planners

T

4

V

Complete internal audit

U, G

1

.

EXERCISES

13-1 A representative of a reputable financial services company has approached you as manager of a four-person group of anesthesiologists with an opportunity to purchase a 10-year annuity due for each member of the group. The annuity due would pay $40,000 each year beginning 5 years from now (i.e., at time = 5). What is the most you would be willing to pay now, per each physician, for this investment? Assume an appropriate discount rate of 7%.
13-2 The hospital’s marketing and finance departments have just provided you, as chie