PROJECT MANAGEMENT (LOOSELEAF)-W/ACCESS
PROJECT MANAGEMENT (LOOSELEAF)-W/ACCESS
7th Edition
ISBN: 9781260216011
Author: Larson
Publisher: MCG
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Chapter 6, Problem 8E

You have signed a contract to build a garage for the Simpsons. You will receive a $500 bonus for completing the project within 17 working days. The contract also contains a penalty clause in which you will lose $100 for each day the project takes longer than 17 working days.

Draw a project network given the information below. Complete the forward and backward pass, compute the activity slack, and identify the critical path. Do you expect to receive a bonus or a penalty on this project?

Chapter 6, Problem 8E, You have signed a contract to build a garage for the Simpsons. You will receive a $500 bonus for

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You are the project manager of the software installation project in the table below. You would like to find the minımum-cost schedule for your project. There is a $500-per-week penalty for each week the project is delayed beyond week 25. In addition, your project team determined that indirect project costs are $2,000 per week. Normal Cost Crash Time Crash Cost ($) 3,000 3,000 10,000 Normal Time (weeks) Immediate Activity Predecessor(s) (weeks) (S) A 1 3,000 6,000 C A 9. 8. 12,000 8 2. А, В 10 3,000 9.000 4,000 5,000 2,000 3.000 5,000 9,000 7,000 12 6. E, F 2 1 G 5.000 C, F 8 2,000 8.000 a. What would be your target completion week? The target completion week is week (Enter your response as an integer.)
Prepare a plan for a small project of moderate complexity (at least 12 activities, with some interdependencies between activities). Your plan should identify the activity by their beginning and ending nodes and by short, descriptive titles. Estimate the times to complete the activities. Prepare a PERT/CPM network. Determine critical path and the expected time for completing the project (Activity Analysis and Event Analysis). Choose a project of some personal interest and knowledge (e.g. building a house, selling a house, political campaign etc.) Your project will be judged by how completely it identifies all activities, the reasonableness of your time estimates and the correctness of your analysis. UPLOAD YOUR ANSWER HERE AS IMAGE/PDF.
Two critical path activities are candidates for crashing on a CPM network. Activity details are in the table below. To cut two days from the project's duration, to project cost and activity should be crashed second, adding to project cost. activity should be crashed first, adding Activity Normal Time Normal Cost Crash Time Crash Cost 8 days $6,000 7 days $6,400 10 days $4,000 9 days $5,000 B A; $400 and then A; $400 nA; $400 and then B; $1000 n B; $1000 and then A; $400 B; $1000 and then B; $1000

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PROJECT MANAGEMENT (LOOSELEAF)-W/ACCESS

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