Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Venture Fair ) In order to participate at a venture fair, Team TerraZ is preparing a project plan for their new - product offering. The

Venture Fair) In order to participate at a venture fair, Team TerraZ is preparing a project plan for their new-product offering. The team plans to spend 3 days on ideation. Once ideation is complete, the team aims to interview 20 potential customers (6 days) and to engage in a careful analysis of competing products (12 days). Following the customer interviews, the team expects to spend 10 days on careful user observation and 4 days on sending out e-mail surveys. These two activities are independent from each other, but both require that the interviews be completed. With the input from the customer observation and the e-mail surveys, the team then plans to spend 5 days on putting together the target specifications for the product. This activity also requires the analysis of competing products to be complete. After the target specifications, the team aims to create a product design, which will take 10 days. With the product design complete, they plan to get price quotes (6 days) and build a prototype (4 days) that they then want to test out with some customers (5 days). Once the prototype has been tested and the price quotes are in, they can put together their information material for the venture fair (3 days). a. Create a dependency matrix for the activities described, and build a project graph. [12,1] b. Find the critical path. What is the latest time the team can start working, assuming the venture fair is scheduled for April 18?[12.4]

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

Project Management A Systems Approach to Planning Scheduling and Controlling

Authors: Harold Kerzner

10th Edition

978-047027870, 978-0-470-5038, 470278706, 978-0470278703

More Books

Students also viewed these General Management questions