Question: Let me create a activity table with following information like Activity ID, Activity Detail, Predecessor Normal Duration of each activity, Crashed duration of each activity,

Let me create a activity table with followingLet me create a activity table with following

Let me create a activity table with following information like Activity ID, Activity Detail, Predecessor Normal Duration of each activity, Crashed duration of each activity, Normal cost of each activity and crashed cost of each activity. Project- Construction of building works Crashed cost Crashed Duration in Normal Cost $ 5 200 200 3 800 900 Activity Activity Details Predecessor Normal Duration ID in Days A Analyze the business case and None 5 document the benefits B Initiate the project and None 4 document various high level information Take approval from sponsor A and B 2 D Site works-Demolition 7 E Foundation Works D 6 F Structure building E 18 G Interior works F 12 250 2 6 250 1500 1800 4 16 1800 2200 3000 2800 2800 2500 10 H G 8 7 1700 1800 Piping works and HVAC works 1 Finishing works H 6 6 1600 1600 J Project Handover 1 3 2 260 280 The objective of this assignment is to study the cost and duration of a project (any project). The student must provide reel data for a project (business project, construction project, IT project, ...) that includes the following information's: 1- List of all activities with their description 2- Specify the precedency of each activity 3- Three time estimates for each activity (optimistic, most probable and pessimistic) 4- The direct cost of each activity The study of the project must include: 1. The project network 2- The expected time for each activity 3- The variance of each activity 4- The expected duration for the project 5- The critical path of the project 6- The standard deviation of the project 7- The probability of finishing the project with less than 75% of the expected duration of the project. 8- The probability of finishing the project with less than 125% of the expected duration of the project 9- The activity cost table 10- The budgeted Cost table using Earliest Start Times 11- The Monitoring and Controlling Budgeted Cost table up to 75% of the expected duration of the project. 12- The project Crashing table

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!