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EQUIRED: a. The PERT Network, identifying the critical path and including slack times.

EQUIRED: a. The PERT Network, identifying the critical path and including slack times.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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4. PERT NETWORK, required A. 

5. New York Bldg. Corp., required A & B. 

these has only 3 questions in total. 

4. PERT NETWORK. All audits have a critical path, but auditors seldom recognize it as such without the aid of network analysis. In the auditing of liabilities, the following activities and estimated times have been identified: 0-1 Obtain schedule of liabilities 2 1-2 Mail confirmations 12 2-6 Process confirmations 39 Investigate debit balances Vouch selected liabilities 6-7 5 1-3 3 - 4 64 Test accruals and amortization 4 1-4 Test pension plan Reconcile interest expense to debt Verify debt restriction compliance Review subsequent payments 4 4 - 5 5-7 5 7-8 10 REQUIRED: a. The PERT Network, identifying the critical path and including slack times 5. New York Building Corporation uses the critical path method to monitor construction jobs. The company is currently 2 weeks behind schedule on Job #181, which is subject to a P10,500 per week completion penalty. Path A-B-C-F-G-H-I has a normal completion time of 20 weeks, and critical path A-D-E-F-G-H-I has a normal completion time of 22 weeks. The following activities can be crashed. Activities Cost to Crash 2 Weeks Cost to Crash 1 Week P 8,000 BC P15,000 19,600 19,500 DE 10,000 8,800 EF REQUIRED: a. New York Building desires to reduce the normal completion time Job #181 and, at the same time, report the highest possible income for the year. New York Building should crash a. Activity BC 1 week and activity EF 1 week b. Activity DE 1 week and activity BC 1 week c. Activity EF 2 weeks d. Activity DE 1 week and activity EF 1 week b. Compute for the cost to crash of the activities.
Transcribed Image Text:4. PERT NETWORK. All audits have a critical path, but auditors seldom recognize it as such without the aid of network analysis. In the auditing of liabilities, the following activities and estimated times have been identified: 0-1 Obtain schedule of liabilities 2 1-2 Mail confirmations 12 2-6 Process confirmations 39 Investigate debit balances Vouch selected liabilities 6-7 5 1-3 3 - 4 64 Test accruals and amortization 4 1-4 Test pension plan Reconcile interest expense to debt Verify debt restriction compliance Review subsequent payments 4 4 - 5 5-7 5 7-8 10 REQUIRED: a. The PERT Network, identifying the critical path and including slack times 5. New York Building Corporation uses the critical path method to monitor construction jobs. The company is currently 2 weeks behind schedule on Job #181, which is subject to a P10,500 per week completion penalty. Path A-B-C-F-G-H-I has a normal completion time of 20 weeks, and critical path A-D-E-F-G-H-I has a normal completion time of 22 weeks. The following activities can be crashed. Activities Cost to Crash 2 Weeks Cost to Crash 1 Week P 8,000 BC P15,000 19,600 19,500 DE 10,000 8,800 EF REQUIRED: a. New York Building desires to reduce the normal completion time Job #181 and, at the same time, report the highest possible income for the year. New York Building should crash a. Activity BC 1 week and activity EF 1 week b. Activity DE 1 week and activity BC 1 week c. Activity EF 2 weeks d. Activity DE 1 week and activity EF 1 week b. Compute for the cost to crash of the activities.
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