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Product Development. Consider the simplified set of activities in the Table below for the development of a consumer product from initiation through the market test
Product Development. Consider the simplified set of activities in the Table below for the development of a consumer product from initiation through the market test phase.
Activity Symbol Immediate predecessors Time estimate (weeks)
Investigate demand A 3
Develop pricing strategy B 1
Design product C 5
Conduct promotional cost analysis D A 1
Manufacture prototype models E C 6
Perform product cost analysis F E 1
Perform final pricing analysis G B,D,F 2
Conduct market test H G 8
- Draw the AOA network for this project.
- Calculate total slacks and free slacks, and interpret their meaning. .
- Determine the critical path and interpret its meaning.
- Construct a Gantt chart and mark the latest start times for each activity.
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