Question: TechVision Solutions is a forward - thinking startup on a mission to revolutionize urban mobility. Their latest endeavor is developing a state - of -

TechVision Solutions is a forward-thinking startup on a mission to revolutionize urban mobility. Their latest endeavor is developing a state-of-the-art autonomous drone delivery system. To ensure timely completion of this system, they need your team's help to employ project scheduling, PERT, and crashing techniques.
The table below was generated after surveying the experts in the field, and includes the activities' times (days), predecessors, costs (USD), as well as the crash times.
The project should be completed within 30 days, after which the opportunity costs of losing customers are estimated at $4,000 for every additional day.
\table[[Activity,Predecessor(s),Optimistic,Most Likely,Pessimistie,Normal Cost,CrashTime,Crash Cost],[A,,8,11,20,12000,8,13080],[B,,6,14,16,10800,7,18000],[C,A,8,10,30,8880,4,12120],[D,C,2,6,16,14400,3,20000],[E,B,C,2,3,4,9600,2,20160],[F,D,E,I,N,5,5,23,13200,5,16080],[G,,1,1,13,15360,1,32640],[H,,1,2,3,10800,1,18720],[I,G,H,14,20,38,8280,14,15480],[J,,2,4,6,16560,2,18120],[K,,3,5,7,12000,3,29760],[L,,6,7,8,10800,6,14400],[M,K,L,1,4,7,8880,1,21480],[N,J,M,12,15,18,11520,12,16920]]
Case Report
Perform an analysis of the project and prepare a report presenting your findings and recommendations. Include (but do not limit your discussion to) a consideration of the following items.
Determine the critical path. How long is the project expected to take?
What is the probability for the completion to take longer than 30 days?
Due to the importance of this system, TechVision wants to be at least 60% confident that the completion will be done in 30 days. Accordingly, crash the project as needed, in order to achieve this target. Report the budget you will need to cover the crashing costs.
Hint: Your crashing costs cannot be more than the opportunity costs.
 TechVision Solutions is a forward-thinking startup on a mission to revolutionize

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!