Project Time Management

2 What is crashing? Discuss various techniques for shortening project schedule. Review the information in the table below. By drawing an AOA diagram explain which activities should be crashed. Justify your answer. (Hint: Determine the critical path first.) Activity Predecessor Normal time Crash Normal Crash cost required in time in Yes No 10,000 13.000 0,000 40,500 ,0009, 000 12.000 18,000 0,000 50,000 20, 00030,000 None B, C F D,E 3. What is the Theory of Constraints? Describe critical chain scheduling as an application of the Theory of Constraints. Show by drawing diagram (as in figure 6-11) for the peoject in the question above as an example of critical chain scheduling. Make appropriate assumptions including assumptions about resources 4. Following is the work breakdown structure (WBS) of an IT project along with various probabilistic estimates. The start date of the project should be May 02, 2016. Make reasonable assumptions when necessary and be sure to state them. No. Optimist Most Likely Pessimistic Preceding Time (a)Time ( Time (b)Activities a. Enter the above information into Microsoft Project (submit the Microsoft Project file). b. (n Microsoft Project) create the network diagram and task schedule table and provide the c. How many days is the critical path? Write a short paragraph that interprets this information d. critical path for the project and determine the free float and total slack for each activity for someone unfamiliar with project time, (in Microsoft Word) Discuss the impact on the project (and on subsequent tasks and the paths) if tasks D takes 3 additional days and task E takes 5 additional days to complete? (in Microsoft Word)