Question: Question 2 (25 marks) A project you are working on for a company involves a lot of new techniques and technologies. As a result, you
Question 2 (25 marks)
A project you are working on for a company involves a lot of new techniques and technologies. As a result, you and your colleagues have carried out an estimation of the times for the various jobs shown below (in days).
| Task | Optimistic time | Most Likely Time | Pessimistic time | Predecessor |
| A | 2 | 2 | 3 |
|
| B | 1 | 3 | 3 | A |
| C | 5 | 10 | 18 | B |
| D | 2 | 4 | 8 | A |
| E | 2 | 4 | 6 | D |
| F | 4 | 6 | 6 | C, E |
| G | 1 | 2 | 3 | F, I |
| H | 1 | 1 | 1 | A |
| I | 1 | 2 | 4 | H |
- Given that everyone generally does not work weekends how likely is it that the job will be completed in 30 days?
- The client has insisted that the job be finished in time how many days of weekend work should you budget for, in order to guarantee the project will be completed?
[10 marks]
After the initial consultation, the client is considering having some extra work done. They would like to know if you can free up 4 days from the original project for this work and what this would cost. (Ignore the cost of the extra work as this is quoted for separately).
|
| Normal cost | Crash Time (days) | Crash cost |
| A | 100 |
|
|
| B | 200 | 1 | 400 |
| C | 80 |
|
|
| D | 1200 | 2 | 2000 |
| E | 1200 | 2 | 2000 |
| F | 2000 | 3 | 4000 |
| G | 600 | 1 | 1500 |
| H | 200 |
|
|
| I | 900 | 1 | 2000 |
|
|
|
|
|
- Calculate the cost for an all normal level of project activity
- Find the optimal way of reducing the project duration by 4 days and what this would cost
- What is the shortest duration that the project could be completed?
- What would the final cost be in case e)?
[15 marks]
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