Question
Given the following project data, draw the project network diagram, identify the critical path, and determine the completion time. Assume the project contract states
Given the following project data, draw the project network diagram, identify the critical path, and determine the completion time. Assume the project contract states that if the project is not completed by the 14th day, your firm will experience a penalty of $100 per day until the job is completed. Determine what, if any, penalty would be incurred. If you need to crash an activity, which activity would you crash first? Why? Is there a point at which it is no longer cost effective to crash activities? Activity Normal Time (days) A 4 Normal Cost ($) Crash Time (days) 2,000 3 Crash Cost ($) Immediate Predecessor(s) 2,600 None B 7 1,400 4 2,000 None C 5 1,000 4 1,700 None D 6 1,200 5 1,400 A E 3 b00 2 1,100 B LL F 11 2,500 6 3,750 C G 4 900 3 1,540 D, E H 3 600 1 1000 F, G
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Project Management A Managerial Approach
Authors: Jack R. Meredith, Samuel J. Mantel,
7th Edition
470226218, 978-0470226216
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