Problem regarding the project network and activity times

Assignment Help Business Management
Reference no: EM13837052

Problem 1: Consider the following project network and activity times (in days):

1327_project network and activity.jpg

Activity

A

B

C

D

E

F

G

Time                                      1

3

2

5

5

6

2

2

The crashing data for this project are as follows:

 

Times  (days)

Cost ($)

Activity

Normal

Crash

Normal

Crash

A

3

2

800

1400

13

2

1

1200

1900

C

5

3

2000

2800

D

5

3

1500

2300

E

6

4

1800

2800

F

2

1

600

1000

G

2

1

500

1000

a. Find the critical path and the expected project completion time.

b What is the total project cost using the normal times?

Problem 2: Refer to Problem 1. Assume that management desires a 12-day project completion time. Formulate a linear programming model that can be used to assist with the crashing decisions.

b. What activities should be crashed?

c. What is the total project cost for the 12-day completion time?

Problem 3: Office Automation, Inc., developed a proposal for introducing a new computerized office system that will standardize the electronic archiving of invoices for a particular company. Contained in the proposal is a list of activities that must be accomplished to complete the new office system project. Use the following relevant information about the activities:

 

 

Immediate

Time (weeks)

Cost ($1000s)

Activity

Description

Predecessor

Normal

Crash

Normal

Crash

A

Plan needs

-

10

8

30

70

B

Order equipment

A

8

6

120

150

C

Install equipment

B

10

7

100

160

D

Set up training lab

A

7

6

40

50

E

Conduct training course

D

10

8

50

75

F

Test system

C, E

3

3

60

-

a. Develop a project network.

b. Develop an activity schedule.

c. What are the critical activities, and what is the expected project completion time?

d. Assume that the company wants to complete the project in six months or 26 weeks. What crashing decisions do you recommend to meet the desired completion time at the least possible cost? Work through the network and attempt to make the crashing decisions by inspection.

e. Develop an activity schedule for the crashed project.

f.  What added project cost is required to meet the six-month completion time?

Reference no: EM13837052

Questions Cloud

Why is behavioral tracking such an important ethical dilemma : Why is behavioral tracking such an important ethical dilemma today? Identify the stakeholders and interest groups in favor of and opposed to behavioral tracking
Questionnaire based proposed research problem : The questionnaire outlined below, consist of 10 multiple choice questions that is designed to develop a better understanding in the overall reduction in student attendance.
Explain a variation on the consumption function : Draw the function Y = F(K,L ¯) in terms of Y and K, for some fixed L. On the same graph, plot the cost function for renting a certain amount of capital at a rental price of R, i.e. RK. For a profit maximizing firm, illustrate graphically how much ..
Prototype of a new action-oriented computer game : As Justin works on the prototype of a new action-oriented computer game, he is engaging in which phase of the new-product development process
Problem regarding the project network and activity times : Problem 1: Consider the following project network and activity times (in days):
Production manager of a large cincinnati manufacturing firm : The production manager of a large Cincinnati manufacturing firm
What is the moral point of view and why is it important : What is the moral point of view and why is it important
Discuss the method of quantitative : What is quantitative easing. Hasn't the Fed already tried quantitative easing. When. What were the results. Discuss the method of quantitative easing used by the Federal Reserve during the most recent U.S. recession, including any criticisms of th..
Organizational behavior case study : Organizational Behavior Case Study

Reviews

Write a Review

Business Management Questions & Answers

  Techniques in job hunting how can i find a jobthe prospect

techniques in job hunting how can i find a job?the prospect of searching for a job can be very intimidating. what

  Elements of an organization motivation pla

Identify significant elements of an organization motivation plan that encourage high job satisfaction, high productivity, high quality work, and low turnover (i.e., job flexibility, training, recognition)

  Compliance-based approacha compliance-based approach is

compliance-based approacha compliance-based approach is externally motivated. this means that it based on the fear of

  Show how you would improve your listening skills

Our alertness to the stimuli that surround us varies from time to time and sometimes we are keenly alert and pick up the stronger

  What is the connection between activity-based costing

Answer the following questions: 1. What is the connection between "activity-based costing" and profits? (To answer this question, you will first need to describe how ABC works and then show how it connects to profit.)2. What is a "balanced scorecard..

  Business management consulting

Determine communication strategy based on corporate culture, values and ethics of organizations - what are appropriate communication channels within an organization?

  Participation of stakeholders effect cultural change

How do the participation / commitment of all stakeholders' effect cultural change? And how would it fit into your vision of running a large vs. a single vessel?

  Do you think that pure p2p architectures will be popular in

routingyou suspect that the failure of a router or of a transmission line connecting routers has left some of your

  Identify three of the core skills of reluctant workers

Identify and analyze three of the core skills that were at play in the case of the reluctant workers, referencing the ten skills

  Business ethics-principles of management-sexual harassment

Identify and explain the sources of differences in ethics between people, companies, and nations.

  Implementing controls for global operationscontrol systems

implementing controls for global operationscontrol systems for global operations fall under direct coordinating

  Organizational culture can be changedchanging organization

organizational culture can be changedchanging organization culture also depends upon whether the current culture is

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd