Question: QUESTION 1 (PO10, C01, C4) Table 1 contains data for the development of a new software in petroleum refining process company. The company needs to

QUESTION 1 (PO10, C01, C4) Table 1 contains data

QUESTION 1 (PO10, C01, C4) Table 1 contains data for the development of a new software in petroleum refining process company. The company needs to secure the project by shortening the development duration of the software. Table 1 Software Development Schedule Activity Predecessor Normal time Normal cost Crash cost Maximum (slope) crash time A 12 300 150 2 B 9 100 50 2 A 7 270 88 4 D B,C 8 600 163 2 E D 11 300 75 4 F CD 5 250 93 1 G FE 4 100 *Time unit = 1 week i) Construct the AON network diagram for the project using the given data and find the critical path and time. (5 marks) ii) Shorten the project from the original network to 32 weeks and find the project cost. (7 marks) iii) Briefly explain the reason of crashing those activities from (ii)

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!

QUESTION 1 (PO10, CO1, C4) Table 1 contains data for the development of a new software in petroleum refining process company. The company needs to secure the project by shortening the development...

FUEL FOR THOUGHT: CLEAN GASOLINE AND DIRTY PATENTS SCOTT H. SEGAL INTRODUCTION One of the most successful air pollution control programs devised for use in the United States is the federal...

Through the use of strategic alternatives, companies may compete in a marketplace, achieve its vision, or if no vision has been articulated, decide where it might go and what it might achieve....

Due to the changing environment and external triggers, contingency planning is necessary. What qualities make a future issue a ?trigger?? Consider you are on the strategic planning team for a soft...

Your group write-up for the valuation project must not exceed ten pages of reasonably sized text (at least 12 points). Supporting appendices should be concise and clear. NOW WE HAVE TO DO WRTE UP...

Question 1 Criticallyanalyzethe statement petroleum industry is also highly capital-intensive, so strong returns are critical to attracting low-cost debt and equity capital. In fact, while many of...

Your group write-up for the valuation project must not exceed ten pages of reasonably sized text (at least 12 points). Supporting appendices should be concise and clear. NOW WE HAVE TO DO WRTE UP...

Please get the attachments, Sample assignment is attached, please follow the format. Each and every question has to be answered. No need of long introduction. Make sure you answer each and every...

Alavi & Leidner/Knowledge Management MISQ REVIEW REVIEW: KNOWLEDGE MANAGEMENT AND KNOWLEDGE MANAGEMENT SYSTEMS: CONCEPTUAL FOUNDATIONS AND RESEARCH ISSUES1, 2 By: Maryam Alavi John and Lucy Cook...

The following transactions occurred with respect to Tiger Corporation's common stock: Jan.1 Common stock outstanding Feb.1 Jul.1 Aug.1 Sep.1 Oct.1 Nov.1 Acquired Treasury Stock Required: Additional...

The compound KSCN is a source of thiocyanate ion. (a) Write the two most stable Lewis structures for thiocyanate ion and identify the atom in each that bears a formal charge of _1. (b) Two...

Question 9 Which of the following accounting policies is consistent with 'creative accounting'? A firm with management compensation contract changes its depreciation policy from straight - line to...

What is an example of constructive feedback? provide reference