The stock exchange of a city is offering a new platform to facilitate companies applying for initial public offering. One of these companies, Rugby-7 Corporate, manages this process like a project. The project can start as early as 9 am on Day 1. Rugby-7 Corporate has committed to a deadline of 5pm on Day 10 in order to start trading on the next day. Due to the tight deadline, the project work schedule will run from 9 am to 5pm on every day of the 7-day week. (Assume lunch break is not considered at this stage.) The project involves the following activities and their relevant information: Assume splitting of an activity is allowed, i.e., an activity which cannot be finished by the end of a day (5pm) can continue on the following day with no effect on the total activity time. 1. Draw a project network to indicate the precedence relationships. (11 marks) For Questions 2 to 4 , you may use a table form below for calculating and displaying results, or directly indicate in the network of Question 1. 2. Develop an earliest activity schedule to complete the project in the shortest time. What is the project duration time? (20 marks) 3. Develop a latest activity schedule to complete the project just in time to meet its deadline of 5pm on Day 10 . What is the project duration time? (15 marks) 4. Explain how to determine the slack for an activity and calculate its value for each activity in this project. (6 marks) The stock exchange of a city is offering a new platform to facilitate companies applying for initial public offering. One of these companies, Rugby-7 Corporate, manages this process like a project. The project can start as early as 9 am on Day 1. Rugby-7 Corporate has committed to a deadline of 5pm on Day 10 in order to start trading on the next day. Due to the tight deadline, the project work schedule will run from 9 am to 5pm on every day of the 7-day week. (Assume lunch break is not considered at this stage.) The project involves the following activities and their relevant information: Assume splitting of an activity is allowed, i.e., an activity which cannot be finished by the end of a day (5pm) can continue on the following day with no effect on the total activity time. 1. Draw a project network to indicate the precedence relationships. (11 marks) For Questions 2 to 4 , you may use a table form below for calculating and displaying results, or directly indicate in the network of Question 1. 2. Develop an earliest activity schedule to complete the project in the shortest time. What is the project duration time? (20 marks) 3. Develop a latest activity schedule to complete the project just in time to meet its deadline of 5pm on Day 10 . What is the project duration time? (15 marks) 4. Explain how to determine the slack for an activity and calculate its value for each activity in this project. (6 marks)
