Reconsider Prob. 22.3-4 involving a project at Stanley Morgan Bank to install a new management information system.
Question:
(a) Use the Excel template for PERT/Cost in your OR Courseware to display the budget and schedule of costs based on earliest start times for this project on a single spreadsheet.
(b) Repeat part (a) except based on latest start times.
(c) Use these spreadsheets to draw a figure like Fig. 22.15 to show the schedule of cumulative project costs when all activities begin at their earliest start times or at their latest start times.
(d) After 8 weeks, activities A, B, and C have been completed with actual costs of $190,000, $70,000, and $150,000, respectively. Activities D, E, F, G, and I are under way, with the percent completed being 40, 50, 60, 25, and 20 percent, respectively. Their actual costs to date are $70,000, $100,000, $45,000, $50,000, and $35,000, respectively. Construct a PERT/Cost report after week 8. Which activities should Ken Johnston investigate to try to improve their cost performances?
Step by Step Answer:
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman