Concept explainers
Interpretation: Duration of the project is to be calculated.
Concept Introduction: Critical path is the arrangement of project activities which gives an estimate time duration under which project will be completed. The project activities may include float activities which can be delayed focusing on the shortest time duration.
PERT diagram is a graphical project management tool used to organize and analyze project and it’s activity. It defines time duration for a project and also for each activity in a project.
Early start time: The rule for early start time of a task is that it is equal to largest early finish time of the task’s immediate predecessors.
Early finish time: The early finish time of a task is addition of both task time and early start time of the task.
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Practical Operations Management
- Calculate the latest start for Task D if one of its successors, Task F, has a latest start on day 9, its other successor, Task E, has a latest start on day 10, and the duration of Task D is 2 days.arrow_forwardThe information below shows the order in which the activities of a project occur alongwith the time taken for each activity:Q must follow PR must follow PS must follow PT must follow SU must follow S and TV must follow S and TW must follow P, Q, R, S, T , U, VP takes 8 minutesQ takes 6 minutesR takes 6 minutesS takes 3 minutesT takes 3 minutesU takes 7 minutesV takes 7 minutesW takes 18 minutesConstruct an activity network to represent the project information given. Include the earlystart, early finish, late start and late finish times for EACH activity. Hence, determine thecritical path for the project.arrow_forwardMohammed is planning to renovate his house garden; he is wondering how long it may take him to achieve this project so he asked his friends who went through the same project. Ahmed told him it will take 7 days, Faisal told him it will take 10 days and Salem told him it will take 15 days. How long it will take Mohammed to renovate his garden following the Beta distribution?arrow_forward
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- the budget of a project is $1 million. The actual cost for work performed is currently $700k. The budgetted cost for work performed is $660k. What is the current progress of the project? The budgeted cost for work scheduled is 700k. Is it on schedule?arrow_forwardBriefly describe 'Parkinson's Law' and 'Murphy's Law'. One sentence each. Then briefly in 3-6 sentences, please explain why these 'Laws' are relevant in project planning in regard to schedule, risk, cost, and resources (especially the 'people resource')..arrow_forwardWhat is the optimal plan for expediting some activities so as to minimize the total cost of performing the project within the deadline?arrow_forward
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