What is the new project completion time

Assignment Help Applied Statistics

Reference no: EM13523096

ABC Construction has developed the following set of activities for its budgeting process.

Activity	Predecessor	Normal Time (Days)	Resulting Activity Time if Activity is Crashed (Days)	Total Cost to complete activity in Normal Time	Total Cost to complete activity in Crash Time
A	--	4	2	$200	$600
B	A	6	3	$300	$1200
C	A	4	1	$300	$900
D	B, C	3	2	$500	$550
E	D	4	1	$500	$1700

a) Using the Normal Times, what is the critical path and project completion time for the budgeting process? Also, what is the cost to complete the project based on the Normal Times?

b) If we want to reduce the project completion time to the minimum possible time by crashing activities, what is the new project completion time and what is the new total project cost?

c) Modify the problem as follows. There is now an indirect cost of $75 per day, which is in addition to the cost identified above. There is also a penalty cost of $200 per day for any project completion time over 11 days. What is the minimum cost schedule for the project and what is the total cost for this schedule? Identify what are the time and the path of this minimum cost schedule.

d) Suppose that the company wants to crash the project 4 days. Based on the information provided in the table and in part c) and the results from part c), what would the minimum penalty cost have to be for this to be supported by the economics in the problem? Assume that the indirect cost remains at $75 per day.

Reference no: EM13523096

Questions Cloud

Determine the maximum height the blue ball reaches : A red ball is thrown down with an initial speed of 1.2 m/s from a height of 25.0 meters above the ground. Then, 0.6 seconds after the red ball is thrown, What is the maximum height the blue ball reaches

Explain what is the mass of one unit cell : Copper crystallizes in a face-centered cubic lattice. What is the mass of one unit cell. Report your answer in grams.

Estimate the average translational kinetic energy : The total translational kinetic energy of the molecules of a sample of gas at 421 k is 3.95x10^4j. Find the average translational kinetic energy of a single molecule

Explain poor electrical conductor in the solid state : Which substance meets the requirements: crsytalline solid; brittle; poor electrical conductor in the solid state; good conductor in liquid phase; melts at high temperature

What is the new project completion time : What is the new project completion time and what is the new total project cost - Identify what are the time and the path of this minimum cost schedule.

Explain the relationship between deltag and qp : What is the relationship between deltaG, Qp, and Kp for a reaction involving gases

Never used an accountant services : In the early part of 2015, the partners of Hugh, Jacobs, and Thomas sought assistance from a local accountant. They had begun a new business in 2014 but had never used an accountant's services.

How high up was the elevator when the bolt came loose : A bolt comes loose from underneath an elevator that is moving upward at a speed of 5.9 m/s. The bolt reaches the bottom of the elevator shaft in 2.5 s. How high up was the elevator when the bolt came loose

Theories of determinism-john calvin-hegel-sigmund freud : Theories of Determinism: John Calvin. Theories of Determinism: Isaac Newton. Theories of Determinism: Hegel. Theories of Determinism: Sigmund Freud. Theories of Determinism: Williams James. Theodicy:

User Account

All Pages