Question: a.Identify the different paths. Which is the critical path? How much time will the project take? b. What is the probability of finishing the project

a.Identify the different paths. Which is the critical path? How much time will the project take?

b. What is the probability of finishing the project in 28 days or less?

c. Crash the project by 5 days. Indicate the total crash cost.

d. Crash the activity to the maximum extent possible and indicate the total crash cost.

a.Identify the different paths. Which is the

Activity times and activity costs of a project are given below. The network diagram is indicated on the right. Network Diagram Activity 7 Normal Time Crash Time Normal Cost Crash Cost Variance 100 400 10 250 400 al 400 400 800 4/9 200 400 4/9 4 150 300 4/9 100 100 0 300 500 3 Fnish 5 a. Identify the different paths. Which is the critical path? How much time will the project take? b. What is the probability of finishing the project in 28 days or less? c. Crash the project by 5 days. Indicate the total crash cost. d. Crash the activity to the maximum extent possible and indicate the total crash cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

no precedence in the problem 4 8 4 3 Activity times and activity costs of a project are given below. The network diagram is indicated on the right. 4 5 Activity Normal Time Crash Time Normal Cost...

Calculating the Early Start (ES), Early Finish (EF), Late Start (LS), Late Finish (LF) and the slack for the different activities is important for project management. From the network diagram...

Please answer the 4 questions below at the bottom: 1) a) The normal and crash times for each activity are shown in the table below. It is required to compute the different minimum cost schedule that...

1) a) The normal and crash times for each activity are shown in the table below. It is required to compute the different minimum cost schedule that occur between normal and crash times. Identify the...

Construct a project network with the following precedence relationships: Activity Predcessors Duration Optimistic Most Likely Pessimistic A None 3 4 11 B A 2 5 8 C A 3 6 9 D B, C 8 12 20 E B 3 5 12 F...

You are the marketing director of a fast growing technology company. You are launching a major new campaign and have put together the following project table which identifies the activities, their...

As a project management professional, it is important for you to be able to review numbers and report on what they are saying. It is also important for you to be able to use software that helps you...

subject: operations management Book: Managerial Decision Modeling with Spreadsheets : Balakrishnan Render Stair : Third Edition Question 1 (3 points) A cake factory can produce cakes at the rate of...

Assessment Description As a project management professional, it is important for you to be able to review numbers and report on what they are saying. It is also important for you to be able to use...

In Exercises 14, (a) Find the quartiles, (b) Find the interquartile range, and (c) Identify any outliers. 22 25 22 24 20 24 19 22 29 21 21 20 23 25 23 23 21 25 23 22

A student measured the value of gravity on Earth to be 9.5(m)/(s^(2)). They should have measured it be 9.8(m)/(s^(2)). What is their percent error for their experiment?

A chief audit executive ( CAE ) for a very small internal audit department has just received a request from management to perform an audit of an extremely complex area in which the CAE and the...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...