Quantitative analysis:PERT and CPM.
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How would you crash a project (which activities would you crash) to keep the project on schedule and achieve the original duration, if Activity B actually takes 5 weeks instead of the planned 3 weeks? (Explain your logic)?
Activity Description Predecessor Normal Time (weeks) Normal Cost Crash Time (weeks) Crash Cost
A Finalize site and building contracts --- 7 $7,500 4 $11,500
B Select local printer A 3 $500 2 $800
C Hire production manager A 3 $1,200 2 $1,700
D Design promotional Web site B 5 $6,000 3 $9,000
E Set TV deal D 6 $4,000 4 $6,500
F Hire director E 4 $1,200 3 $1,700
G Plan for TV camera placement F 2 $500 2 $500
H Target headline entertainers B 4 $2,000 3 $3,500
I Target support entertainers H 4 $2,000 3 $3,500
J Travel accommodations for talent I 10 $9,000 7 $16,000
K Set venue capacity C 2 $300 1 $400
L Ticketmaster contract D 3 $1,400 2 $1,900
M On-site ticketing L 8 $7,000 6 $11,000
N Sound and staging C 6 $9,000 5 $12,000
O Passes and stage credentials G 7 $4,000 5 $5,800
P Travel accommodations for staff B 20 $15,000 15 $23,000
Q Hire sponsor coordinator B 4 $600 3 $800
R Finalize sponsors Q 4 $1,000 3 $1,400
S Define/place signage for sponsors R 3 $3,000 2 $4,200
T Hire operations manager A 4 $1,200 2 $1,800
U Develop site plan T 6 $6,000 5 $8,500
V Hire security director T 7 $1,500 5 $3,000
W Set police/fire security plan V 4 $1,000 3 $1,600
X Power, plumbing, AC, toilet services U 8 $4,000 6 $7,000
Y Secure merchandise deals B 6 $6,000 3 $7,500
Z Online merchandise sales Y 6 $5,000 4 $7,500
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Solution Summary
The problem deals with determining the activity to crash from a project in order to achieve a stated duration.
Education
- B. Sc., University of Nigeria
- M. Sc., London South Bank University
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