Relevant information for a project consisting of activities A, B, ..., K is provided in the table below and the project networkis provided.Activity Time in Weeks Immediate PredessorsA2ΝΑBCDEFGHIJK7762277265The project network is:ΝΑA, BCсECD, F, GD, FHI, JWhat is the minimum number of weeks that the project can be completed in (i e. the duration of the critical path)?

The critical path is an important concept in project management. It helps the managers to identify…

Answered: What is the minimum number of weeks…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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What is Critical Path Method (CPM). Explain in detail its significance and advantages.
KOFI, AMA
Discuss the many types of real-time scheduling methods available to the group for the project.
1. What would a project manager have to do to crash an activity? 2. Describe the meaning of slack, and discuss how it can be determined? 3. What are the three time estimate used in the Critical Path Method? Why is it important to have three different time estimates?
The following activities represent a small project to be constructed Activity Normal Duration Previous No. of Workers ( days) activity ( days) A 07 07 A(FS=1day) A(FS=3days) C(FF=0day) C(SS=5) B(FS=0) E(SS=4) D(SF=0) Using Gantt Chart ,Identify the following: В 08 08 C 09 06 07 06 E 08 08 F 08 05 12 08 H 4 05 1. The critical path of the project:. 2. The project duration in the normal level: 3. The maximum no, of workers /day : You are asked to explain your calculation by drawings.
The following eight activities constitute an overall bar chart portrayal of a 4-month project. Two months after the start of the project. Activities A, C, D are completed, E is 50% complete and B is 25% complete. The total cost that has been spent is $10,500. For this project, using earned value concepts, determine the schedule and cost variance. Is the project ahead or behind schedule? Over or under budget? Activity A B VAHE с D F Cost $2,000 $8,000 $2,000 $5,000 $1,000 $15,000 Month 1 Month 2 Month 3 Month 4
Consider a project that has the following tasks (with the duration measured in days): Task ID Duration Dependency A 3 14 C,F a) Draw the PERT chart for the above table. Be sure to include sequencing and identification for all tasks and events along with their time estimates. b) What is the critical path. c) What is the total expected duration time represented by the critical path. e
7. For early completion of the project, emphasis on which of the following activities will be helpful? Group of answer choices An activity with the highest level of resource allocation An activity with zero slack time An activity with the highest time An activity with the highest slack time
The table below shows a small project of 9 activities with the following time estimates: Most optimistic Most likely Most pessimistic time(weeks) time(weeks) time(weeks) Activity Dependent A 4 5 6 B 6 8 10 A 6 6 6 D B 3 4 5 B 2 3 4 F C,D 10 12 G E 6 7 8 H C,D 12 13 20 I F,G 10 12 14 Use the table to answer the following questions: i. Schedule the project. . Find the probability in which all critical activities will be completed in 35 weeks or less . How much time must be allowed to achieve a 99% probability of timely completion? Additional Information: a +4 m +b t= T-u z=- 6.
How do we estimate the likelihood of a project being finished by a certain date? In this calculation, what assumptions are made?
The procedure used to reduce project completion time by trading off time versus cost.

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