Project Schedule and Critical Path
Not what you're looking for?
Based on the material covered in class and using the following information about the activities of a project, please identify:
1. the shortest amount of time in which the project schedule can be crashed without exceeding $7K and
2. the project critical path that resulted from crashing the project
Please see attachment for data set.
Purchase this Solution
Solution Summary
The solution discusses the project schedule and critical path.
Solution Preview
First draw the network diagram and calculate the critical path and expected duration of the project.
Please see attachment for complete solution.
Based on the material covered in class and using the following information about the activities of a project, please identify:
1. the shortest amount of time in which the project schedule can be crashed without exceeding $7K and
2. the project critical path that resulted from crashing the project
Activity
ID Predecessor Estimated Optimistic Time Estimated Most
Likely Time Estimated Pessimistic Time Reduction
Time
Goal Normal Costs Costs of Reduction
a - 15 20 85 10 $1,000 $867
b a 25 40 235 20 $400 $262
c b 60 100 500 140 $400 $347
d a, b 25 30 125 25 $800 $560
e c 45 50 145 45 $200 $120
f e 30 50 220 65 $100 $53
g d, f 20 30 130 15 $1,000 $1,600
Notes:
• An activity should not be crashed if there is not a reduction in the duration of the project. Remember that crashing is investing financial resources to speed up the project. So why invest if there is not a ...
Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.