Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Concept explainers

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 get…
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 …
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…
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Question
Chapter Exercises 1. A project has been defined to contain the following list of activities along with their required times for completion. Activity No. Activity Time (Weeks) Immediate Predecessors 1 Collect requirements 2 2 Analyze processes 3 1 3 Analyze data 3 2 4 Design processes 7 2 Design data 6 2 6 Design screens 1 3,4 7 Design reports 4,5 8 Program 4 6,7 9 Test and document 8 7 10 Install 2 8,9 a. Draw a network diagram for the activities. b. Calculate the earliest expected completion time. c. Show the critical path. d. What would happen if activity 6 were revised to take 6 weeks instead of 1 week? 2. Construct a Gantt chart for the project defined in Problem 1. 3. Look again at the activities outlined in Problem 1. Assume that during the first week of the project your team discovers that the activity duration estimates were all wrong. Rather than 3 weeks, Activity 2 will take only two weeks to complete, whereas both Activities 4 and 7 will take three times longer than originally estimated. Further, all other activities will take twice as much time to complete. In addition, your team has noticed that additional training is needed. This new activity, number 11, will take one week to complete, and depends on the completion of Activities 10 and 9. Create a new network diagram representing the new earliest expected completion times. 4. Using the web, find one example each of a functional, matrix, and project-oriented organization Prepa mi argensations beutte simiatr and a eICeS of these
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Transcribed Image Text:Chapter Exercises 1. A project has been defined to contain the following list of activities along with their required times for completion. Activity No. Activity Time (Weeks) Immediate Predecessors 1 Collect requirements 2 2 Analyze processes 3 1 3 Analyze data 3 2 4 Design processes 7 2 Design data 6 2 6 Design screens 1 3,4 7 Design reports 4,5 8 Program 4 6,7 9 Test and document 8 7 10 Install 2 8,9 a. Draw a network diagram for the activities. b. Calculate the earliest expected completion time. c. Show the critical path. d. What would happen if activity 6 were revised to take 6 weeks instead of 1 week? 2. Construct a Gantt chart for the project defined in Problem 1. 3. Look again at the activities outlined in Problem 1. Assume that during the first week of the project your team discovers that the activity duration estimates were all wrong. Rather than 3 weeks, Activity 2 will take only two weeks to complete, whereas both Activities 4 and 7 will take three times longer than originally estimated. Further, all other activities will take twice as much time to complete. In addition, your team has noticed that additional training is needed. This new activity, number 11, will take one week to complete, and depends on the completion of Activities 10 and 9. Create a new network diagram representing the new earliest expected completion times. 4. Using the web, find one example each of a functional, matrix, and project-oriented organization Prepa mi argensations beutte simiatr and a eICeS of these
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