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

Di, Disadvantages of globalisation

Disadvantages of globalisation

Cash Rewords, In June, Leslie wins a cash prize of $2,000. She plans to use...

In June, Leslie wins a cash prize of $2,000. She plans to use this money to pay her tuition bill in September. Leslie puts this money in a savings a savings account because her mai

Illustrate liberalise or open up trade market for promoting, Illustrate lib...

Illustrate liberalise or open up trade in market for promoting development? Liberalise or open up trade implies that: • Abandoning fixed exchange rates and elimination of re

What are the import substitution policies, What are the import substitution...

What are the import substitution policies? Import substitution policies are as follows: Need trade restrictions for example, tariffs and quotas to defend infant industr

Particular large hotel has 790 rooms, Suppose that a particular large hotel...

Suppose that a particular large hotel has 790 rooms. Furthermore, suppose that the hotel's marketing group's forecast is normally distributed with a mean demand of 730 rooms and a

Work of international monetary fund and world bank, Does the work of the In...

Does the work of the International Monetary Fund and World Bank overlap? Less developed countries turn to the: • International Monetary Fund to resolve debt repayment, exch

Less developed countries economies grow by primary sector, Can less develop...

Can less developed countries economies grow by developing its primary sector as agriculture? Less developed countries economies can grow by developing its primary sector as ag

Sales promotion, explain major decisions in successful implementation of sa...

explain major decisions in successful implementation of sales promotion programs

Explain the structure conduct performance framework, QUESTION (a) Expla...

QUESTION (a) Explain and discuss the Structure Conduct Performance framework (b) The hypotheses of interest in the Structure Conduct Performance framework are as follows- H

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