Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
7th Edition
ISBN: 9781259666094
Author: Erik W. Larson, Clifford F. Gray
Publisher: McGraw-Hill Education
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Chapter 9, Problem 3E
Use the information contained below to compress one time unit per move using the least cost method. Reduce the schedule until you reach the crash point of the network. For each move identify what activity(ies) was crashed and the adjusted total cost.
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Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
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- Given the network shown above, what is the earliest start time for activity F?  Given the network shown above, what is the earliest start time for activity F? 6 16 13 8 10arrow_forwardGiven the following network, compute the early, late, and slack time for each activity. Clearly identify the critical path.arrow_forwardUse the information contained below to compress one time unit per move using the least cost method. Reduce the schedule until you reach the crash point of the network. For each move, record which activity was crashed, the total direct cost, total indirect cost, and total project cost. Assume the total indirect cost for the project is $1,000 and there is a savings of $60 per time unit reduced. a) What is the optimum cost-time schedule for the project? b) What is the total direct cost, total indirect cost, and total project cost at the optimum cost-time schedule for the project? c) Plot the project cost-duration graph for the project showing the three different types of costs. Note: The correct normal project duration and total direct cost are provided. WORK MUST BE DONE IN MICROSOFT EXCEL (WITH FORMULAS AND EXPLANATION, NOT BY HANDarrow_forward
- Given the following network, with activity times in weeks, determine the earliest and latest activity times and the slack for each activity. Indicate the critical path and the project duration:arrow_forwardGiven the following network, What is the critical path? How long will it take to complete this project? The duration, in days, follows the letter of each activity. Can activity B be delayed without delaying the completion of the project? If so, how many days?arrow_forwardI'm unable to answer the following question? Â Â What is the total cost of crashing the project from its current duration down to 13 weeks?arrow_forward
- The activities necessary for the completion of a project are listed in the table below (Time in weeks). You are asked to complete the project 1 week ahead of time. You should crash Activity ________. This will incur an additional cost of $_________ .arrow_forwardRead this email from your supervisor to learn about the background, expectations, and parameters of the project: TO: Strategy TeamDATE: Nov 23, 2021SENDER: [email address of supervisor]SUBJECT: Global Expansion Plan As a company, we are determining whether to expand into a new international market. Until now, our presence has been primarily in the local market, but we feel that now is a good time to look beyond to new markets. Our CEO and board of directors will meet to determine how to expand internationally, and they have requested that we prepare a global expansion plan for them to discuss. As the marketing team leader, I am asking that you prepare a preliminary plan that identifies the region or country that presents the best economic incentives and offers the best growth profit. Additionally, draft a plan for how to expand in that region. As always, I am willing to support you in any way that you need. Sincerely, [Name, Title] Choose a real company for the focus of your…arrow_forwardI need a detailed explanation and assistance to solve the this problem: A company decides to plan a project, with activities, precedences and deterministic durations given in the following table:  Activity i Duration (days) Immediate Predecessors A 32 none B 21 none C 30 none D 45 A E 26 A, B F 28 C G 20 E, F a) What method should be used? Using only one pseudo-activity, draw the project network, with arcs labeled by the activity name and duration. b) Compute and display in a table the earliest and latest starting and finishing times, as well as slack, for each activity, and identify the critical path(s). C) Draw a Gantt chart of the schedule, based on earliest starting times d) Which activities must be completed by day 60 to ensure that the project is not delayed?arrow_forward
- You have to manage a project with activities and their respective durations as listed in the table below. Draw a network diagram, Calculate the forward, backward pass, total slack, free slack and identify the critical path.arrow_forwardState the name of the project and give a brief description of the project.arrow_forwardIn making a forward pass through a network, three activities are immediate predecessors for activity T and one following activity. What is the late start time for activity T? Â Group of answer choices: Â - the LS of the following activity plus the activity time of T - the smallest EF for the three activities that are immediate predecessors for activity T - the LF of the following activity minus the activity time of T - the LS of the following activity minus the activity time of T - the largest EF for the three activities that are immediate predecessors for activity Tarrow_forward
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