1(A). You want to decorate your new apartment. For that you have identified six activities. You prepared sequences of these activities and allocated time to complete each activity. The first, activity a, is ‘Removing furniture’ which can be completed in a day and this activity does not require any of the other activities to be completed before it can be started. However, activity b, ‘Preparing bedroom’ which requires 2 days, cannot be started until the first activity has been completed. The same applies to activity d, ‘Preparing the kitchen’ which takes 1 day to be completed. Similarly, activity c, ‘Painting bedroom’ which takes 3 days, cannot be started until activity b; ‘Preparing bedroom’ has been completed. Nor can activity e, ‘Painting the kitchen’ which takes 2 days, be started until the kitchen has been prepared. Only when both the bedroom and the kitchen have been painted, the last activity f, ‘Replacing furniture can be completed in a day. Show the activities, their relationships, and durations in an AON diagram for this project. Find the earliest start time (ES), earliest finish time (EF), latest start time (LS), latest finish time (LF), and slack time for each activity of the project. Find the critical activities and critical path. What is the total length of the project? 1(B). Prepare a Gantt chart based on the project information given in Question A.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
1(A). You want to decorate your new apartment. For that you have identified six activities. You prepared sequences of these activities and allocated time to complete each activity. The first, activity a, is ‘Removing furniture’ which can be completed in a day and this activity does not require any of the other activities to be completed before it can be started. However, activity b, ‘Preparing bedroom’ which requires 2 days, cannot be started until the first activity has been completed. The same applies to activity d, ‘Preparing the kitchen’ which takes 1 day to be completed. Similarly, activity c, ‘Painting bedroom’ which takes 3 days, cannot be started until activity b; ‘Preparing bedroom’ has been completed. Nor can activity e, ‘Painting the kitchen’ which takes 2 days, be started until the kitchen has been prepared. Only when both the bedroom and the kitchen have been painted, the last activity f, ‘Replacing furniture can be completed in a day.
- Show the activities, their relationships, and durations in an AON diagram for this project.
- Find the earliest start time (ES), earliest finish time (EF), latest start time (LS), latest finish time (LF), and slack time for each activity of the project.
- Find the critical activities and critical path.
- What is the total length of the project?
1(B). Prepare a Gantt chart based on the project information given in Question A.
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