Question: Please help with Q3. show steps will upvote if helpful 3.1 Define a project by referring to its characteristics. [3] 3.2 Show the functions of

 Please help with Q3. show steps will upvote if helpful 3.1

Define a project by referring to its characteristics. [3] 3.2 Show the

Please help with Q3. show steps will upvote if helpful

3.1 Define a project by referring to its characteristics. [3] 3.2 Show the functions of management with the help of an appropriate diagram. [4] 3.3 The management of Flash (Pty) Ltd uses PERT methods to monitor and assess projects that the company wants to tender for. The following information regarding a project is available: Activity Predecessor Costs [R] Cost slope [R/w] A B D E F G H 1 Estimated Duration [weeks) Normal Accelerated 4 3 5 3 4 2 6 5 7 9 9 11 10 10 8 9 7 4000 5500 2000 5000 ao Normal 40000 54000 55000 72000 93000 84000 126000 150000 144000 B B D E,G Accelerated 44000 65000 59000 77000 107000 84000 129000 160000 152000 ? 0 3000 5000 4000 J00 Additional Information Fixed Costs amount to R10000 per week, of which R2500 is regarded as committed fixed costs. The company applies a profit margin of 25% on the tender price. Required 3.3.1 Determine the critical path of the project. [3] 3.3.2 Define total slack and calculate the total slack of activity E. (4) 3.3.3 Determine the cost slope of activity E. [2] Determine the programme to be followed in order to reduce the total project time in a cost efficient manner. [12] 3.3. Determine the tender amount based on the minimum cost of the project. [5] 3.3.4 3.1 Define a project by referring to its characteristics. [3] 3.2 Show the functions of management with the help of an appropriate diagram. [4] 3.3 The management of Flash (Pty) Ltd uses PERT methods to monitor and assess projects that the company wants to tender for. The following information regarding a project is available: Activity Predecessor Costs [R] Cost slope [R/w] A B D E F G H 1 Estimated Duration [weeks) Normal Accelerated 4 3 5 3 4 2 6 5 7 9 9 11 10 10 8 9 7 4000 5500 2000 5000 ao Normal 40000 54000 55000 72000 93000 84000 126000 150000 144000 B B D E,G Accelerated 44000 65000 59000 77000 107000 84000 129000 160000 152000 ? 0 3000 5000 4000 J00 Additional Information Fixed Costs amount to R10000 per week, of which R2500 is regarded as committed fixed costs. The company applies a profit margin of 25% on the tender price. Required 3.3.1 Determine the critical path of the project. [3] 3.3.2 Define total slack and calculate the total slack of activity E. (4) 3.3.3 Determine the cost slope of activity E. [2] Determine the programme to be followed in order to reduce the total project time in a cost efficient manner. [12] 3.3. Determine the tender amount based on the minimum cost of the project. [5] 3.3.4

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