1.Network representation? 2.Critical path? 3. Non critical activities?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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RAPIDecision® Quick Term Life Insurance
Project Structure
Tasks
Index
Index
A
B
C
D
E
F
G
H
I
J
A
B
C
D
E
F
G
H
I
J
Market Research
Cost Analysis
Product Design
Development Analysis
Developing Product Model
Filing Contracts
Product Testing
Pricing
Sales/Marketing Planning
Sales Force Training
Tasks
Market Research
Cost Analysis
Product Design
Development Analysis
Develop Product Model
Filing Contracts
Product Testing
Pricing
RAPIDecision® Quick Term Life Insurance:
Cost Structure
Immediate
Predecessors
10
8
12
10
8
6
4
.
Normal Expedited Normal
Duration
Duration
Cost
8
5
4
3
12
10
7
6
7
8
5
4
3
A, B
C
D
E
E
E
G, H
A, E, I
1.Network representation?
2.Critical path?
3. Non critical activities?
$100,000
$64,000
$76,800
$80,000
$64.000
$96,000
$120,000
$56,000
Duration
(in week)
8
12
10
8
12
10
8
6
$38,400
$32,000
4
Expedited Cost/
Cost
week
$145,000
$15,000
$82,000
18000
$112,000
17600
$106,400
8800
13600
5440
8000
7000
Sales/Marketing Planning
Sales Force Training
The reward for each week of an earlier completion is
$16,000
$91,200
$123,200
$136,000
$77,000
$54,400
8000
$48,000 16000
Self-Assessment:
RAPIDecision® Quick Term Life Insurance
9-58
4. Slack: How the 3 weeks delay of "Filling a contract" activity
impact the project.
11-57
6. What would be the maximum financial benefits of the project
expediting
Transcribed Image Text:RAPIDecision® Quick Term Life Insurance Project Structure Tasks Index Index A B C D E F G H I J A B C D E F G H I J Market Research Cost Analysis Product Design Development Analysis Developing Product Model Filing Contracts Product Testing Pricing Sales/Marketing Planning Sales Force Training Tasks Market Research Cost Analysis Product Design Development Analysis Develop Product Model Filing Contracts Product Testing Pricing RAPIDecision® Quick Term Life Insurance: Cost Structure Immediate Predecessors 10 8 12 10 8 6 4 . Normal Expedited Normal Duration Duration Cost 8 5 4 3 12 10 7 6 7 8 5 4 3 A, B C D E E E G, H A, E, I 1.Network representation? 2.Critical path? 3. Non critical activities? $100,000 $64,000 $76,800 $80,000 $64.000 $96,000 $120,000 $56,000 Duration (in week) 8 12 10 8 12 10 8 6 $38,400 $32,000 4 Expedited Cost/ Cost week $145,000 $15,000 $82,000 18000 $112,000 17600 $106,400 8800 13600 5440 8000 7000 Sales/Marketing Planning Sales Force Training The reward for each week of an earlier completion is $16,000 $91,200 $123,200 $136,000 $77,000 $54,400 8000 $48,000 16000 Self-Assessment: RAPIDecision® Quick Term Life Insurance 9-58 4. Slack: How the 3 weeks delay of "Filling a contract" activity impact the project. 11-57 6. What would be the maximum financial benefits of the project expediting
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