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What are the advantages and disadvantages of each option

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Reference no: EM131368365

The following table has data regarding several activities associated with the implementation of a new delivery process for a new retail chain.

The contract with the new retail chain states that starting on the 13th day from now, your firm will experience a penalty of $110 per day until the job is completed. Indirect project costs amount to $227 per day. The data on direct costs and activity precedent relationships are given in the table.

 
Activity Normal Time (Days) Normal Cost Per Day Crash Time (Days) Crash  Cost Per Day  Immediate Predecessor(s)
A 4 $1,004 3 $1,232 None
B 7 $1,411 4 $2,032 None
C 5 $2,020 4 $2,707 None
D 6 $1,263 5 $1,472 A
E 3 $915 2 $1,166 B
F 11 $2,517 6 $3,757 C
G 4 $812 3 $1,431 D, E
H 3 $394 1 $500 F, G

To complete this assignment, answer the following questions. Begin by drawing the project network diagram. A start node and end node are suggested.

What are the options? What is the cost of each option?

What are the advantages and disadvantages of each option?

What completion date would you recommend? Why?

What is the total cost of your recommendation?

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In this assignment; based on the provided project network diagram is required to be prepared and based on that which is the best option needs to be determined for completion of the project. The advantages and disadvantages of each option for completion of the project also discussed in this assignment.

Reference no: EM131368365

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Reviews

inf1368365

1/27/2017 4:39:29 AM

Assignment is solved by self; there is no reference used. Additionally weeks has been taken by mistakenly; ignore it. I have revised it. Thanks for sending the excel; where you can find how reduction time cost has been calculated. Really good work. I liked it a lot. Thanks guys.

inf1368365

1/27/2017 4:38:37 AM

attachment 20646156_1m2.docx I get today before 2PM? Please confirm so I can pay 20646167_1m2.docx Can I get references. Additionally, please explain how you came up with finish time of 20 days. Can you please add column Immediate predecessor to chart and resend. Please thank you Additionally please explain where you get your Start Time Finish Time & Reduction Time & total cost Can you please add column Immediate predecessor to chart and resend. Please thank you

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