Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ch. 17: Extra Credit: Project Management: Problem 16: Project Crashing: Chuck's Custom Boats, (10 pts) Use the information in Problem 16 to answer the following

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Ch. 17: Extra Credit: Project Management: Problem 16: Project Crashing: Chuck's Custom Boats, (10 pts) Use the information in Problem 16 to answer the following questions: a). Create a network diagram b). Step 1: Determine the Paths and their Expected Durations and Identify the Critical Path(s): What activity/activities should be crashed/shortened? : d). Step 2 (if required): Identify the Paths and their Expected Durations and identify the critical path(s) after shortening the project as a result of performing Step 1: Step 2 (if required) (continued): e). Rank the critical activities according to crash costs: What activity/activities should be crashed/shortened? f). Step 3 (if required): Identify the Paths and their Expected Durations and identify the critical path(s) after shortening the project as a result of performing Step 1 and Step 2: What activity/activities should be crashed/shortened? : h). Step 4: (if required): Identify the Paths and their Expected Durations and identify the critical path(s) after shortening the projectas a result of performing Step 1 and Step 2 and Step 3: What activity/activities should be crashed/shortened? : j). Step 5: (if required): identify the Paths and their Expected Durations and identify the critical path(s) after shortening the project as a result of performing Step 1 and Step 2 and Step 3 k). Rank the critical activities according to crash costs: Path Activity Cost per Day to Crash What activity/activities should be crashed/shortened? : I) Step 6 (if required) Identify the Paths and their Expected Durations and identify the critical path(s) after shortening the project as a result of performing Step 1 and Step 2 and Step 3: Path Expected Duration Critical Path? (Yes or No) m). Rank the critical activities according to crash costs: Path Activity Cost per Day to Crash What activity/activities should be crashed/shortened? :n). Conclusions: After performing all of the project crashing, answer the following questians: N1). What is the final expected project duration? N2). What is the total cost of project crashing? N3). What is the total penalty cost? N4): What is the total cost? 16. Chuck's Custom Boats (CCB) customizes speedboats to each customer's order. CCB has landed a contract with a mysterious New York lawyer (Mr. T). Relevant data are shown in the following table. The complication is that Mr. T wants delivery in 32 days or he will impose a penalty of $375 for each day his boat is late. Note: No activity can be crashed more than two days. CRASHING COSTS Activity Immediate Predecessor Normal Time (days) istDay 2nd Day K 9 $410 $415 L K 7 125 = N K 5 45 45 M L 4 300 350 J N 6 50 = Q LM 5 200 225 P Q 8 = = Y Q 7 85 90 Z P 6 90 - End Y, Z

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Experiencing MIS

Authors: David M Kroenke, Randall J Boyle

6th Edition

0133939146, 9780133939149

More Books

Students also viewed these General Management questions