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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Textbook Question
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?
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Students have asked these similar questions
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
Chapter 6 Solutions
Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
Ch. 6 - How does the WBS differ from the project network?Ch. 6 - How are WBS and project networks linked?Ch. 6 - Why bother creating a WBS? Why not go straight to...Ch. 6 - Why is slack important to the project manager?Ch. 6 - What is the difference between free slack and...Ch. 6 - Why are lags used in developing project networks?Ch. 6 - What is a hammock activity, and when is it used?Ch. 6 - Here is a partial work breakdown structure for a...Ch. 6 - Draw a project network from the following...Ch. 6 - Draw a project network from the following...
Ch. 6 - Draw a project network from the following...Ch. 6 - Draw a project network from the following...Ch. 6 - From the following information, develop an AON...Ch. 6 - The project information for the custom order...Ch. 6 - You have signed a contract to build a garage for...Ch. 6 - You are creating a customer database for the...Ch. 6 - K. Nelson, project manager of Print Software....Ch. 6 - A large Southeast city is requesting federal...Ch. 6 - You are creating a customer database for the...Ch. 6 - You are completing a group term paper. Given the...Ch. 6 - You are managing a product upgrade project for...Ch. 6 - You are creating a database for the Oklahoma City...Ch. 6 - The planning department of an electronics firm has...Ch. 6 - Using Microsoft Project, set up the network and...Ch. 6 - The optical disk project team has started...Ch. 6 - From the following information, compute the early,...Ch. 6 - Given the following information, compute the...Ch. 6 - Given the information in the following lag...Ch. 6 - Given the network below, compute the early, late,...Ch. 6 - The CyClon project team has started gathering...Ch. 6 - Advantage Energy Technology Data Center...Ch. 6 - Advantage Energy Technology Data Center...Ch. 6 - Advantage Energy Technology Data Center...Ch. 6 - The GE Company is preparing a bid to build the new...Ch. 6 - The GE Company is preparing a bid to build the new...Ch. 6 - The G&E Company is preparing a bid to build the...
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