Determine the critical path, Business Economics

Assignment Help:

S M Construction has been awarded a contract to build a new manufacturing plant just outside Cardiff. The activity on arrow table below gives data on the activities involved in the plant's construction.

The total cost in completing the project in normal time is £2 million, excluding site overheads which are £8000 per week.

Table of Activities

Activity

Normal time (weeks)

Shortest time (weeks)

Reduction costs (per week)

1-2

6

4

£7000

1-3

8

4

£8000

1-4

5

3

£3000

2-4

6

3

£5000

2-5

5

3

£4000

3-6

10

8

£15,000

4-6

8

5

£6000

5-6

6

6

-

The board of directors of the company have asked you to produce a precedence (activity on node) diagram and to determine the following:

1. The critical path using normal times, the project's total duration and the total cost of completing the project.

2. The shortest time in which the project can be completed and the associated costs.

3. The lowest cost for which the project can be completed and the corresponding time.


Related Discussions:- Determine the critical path

What effect does partitioning have on the scheduling process, Scheduling a ...

Scheduling a project includes understanding the degree to a project tasks can be separation. Define the meaning of this term and what effect does partitioning have onto the schedul

General agreement on tariffs and trade (gatt), General Agreement on T ...

General Agreement on T arif fs and Trade (GATT) A multilateral treaty, the basic goals of which are: (1) to liberalize and promote world trade via multilatera

Explain foreign direct investment, Explain foreign direct investment: ...

Explain foreign direct investment: 1.  Identify and briefly explain three costs of foreign direct investment (FDI) for a country such as China (the home country) and two benef

Case Study, Harvard Business Review Case Study 9-572-029 Fisher Price Toys....

Harvard Business Review Case Study 9-572-029 Fisher Price Toys... Need help with the following questions: 1. Should Fisher Toys lauch the ATV Explorer? 2. What price tag should the

Libralisation, what is increaase libralisation?

what is increaase libralisation?

Managerial Economics, What are some of the changes taking place in the inte...

What are some of the changes taking place in the international business environment? How do changes in the international business environment affect pricing, output, cost and profi

OLIGOPOLY, EXPLAIN WHY INTERDEPENDENCE IN OLIGOPOLY RESULTS IN A TENSION BE...

EXPLAIN WHY INTERDEPENDENCE IN OLIGOPOLY RESULTS IN A TENSION BETWEEN COOPERATION AND COMPETITION.

Explain about theories and models linked to development, Explain about theo...

Explain about theories and models linked to development. • There is no one agreed theory of development. All models, as Rostow, provide an insight in one or two dimensions of t

What is success effectiveness of multi-national companies, What is the succ...

What is the success effectiveness of multi-national companies (transnationals) in the promotion of development? TNC FDI success into promoting development: • Introduces mode

Write Your Message!

Captcha
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