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    PM HW5

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    bhavya modi
    The document discusses project management and homework questions related to critical paths, activity times, slack times, crashing activities, and calculating project costs and durations. It includes network diagrams, Gantt charts and calculations for determining critical paths and optimizing project schedules and costs.

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    PM HW5

    Uploaded by

    bhavya modi
    12 views9 pages
    The document discusses project management and homework questions related to critical paths, activity times, slack times, crashing activities, and calculating project costs and durations. It includes network diagrams, Gantt charts and calculations for determining critical paths and optimizing project schedules and costs.

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    The document discusses project management and homework questions related to critical paths, activity times, slack times, crashing activities, and calculating project costs and durations. It includes network diagrams, Gantt charts and calculations for determining critical paths and optimizing project schedules and costs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    12 views9 pages

    PM HW5

    Uploaded by

    bhavya modi
    The document discusses project management and homework questions related to critical paths, activity times, slack times, crashing activities, and calculating project costs and durations. It includes network diagrams, Gantt charts and calculations for determining critical paths and optimizing project schedules and costs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 9

    PROJECT MANAGEMENT

    HOMEWORK 5

    1.
    a. Critical path= ST-A-B-D-G-I-K
    b. Activity E has slack time of 13 days. So even if it takes 10 days past the anticipated
    duration time it won’t affect the project’s schedule and I won’t affect the critical path
    too.

    2.

    a) Expected activity times are shown in the table.


    b) The slack time is found to be 1 week for A, 1 week for D, and 2 weeks for F.
    The total project length is 22 weeks.
    c) All the paths are
    ST-A-D-G (has slack time of 2 weeks)
    ST-A-E-G (has slack time of 1 week)
    ST-B-C-E-G (No slack time due to critical path)
    ST-B-F-G (has slack time of 2 weeks)
    The critical path is ST-B-C-E-G with 22 weeks of its timeline.
    d) Merge activities are E and G, burst activities are B, and A.
    e) Variance of the critical path = 7
    Length of critical path = 22
    Probability of the project to finish before 24 weeks is:
    Pr(Z<(a-μ)/σ )
    Pr(Z<(24-22/2.64))
    =Pr(0.755)
    From the Z table the calculated probability for finishing the project before 24 weeks is
    77.34%.
    f) In order to get 99% confidence in finishing the project the Z value is 2.33.
    Therefore by doing the inverse calculation
    Y-22= 2.33*2.64
    Y= 28.16 weeks
    We need approximately 28.16 weeks to admit that the project would be completed by 99%.
    3.
    a)

    b) The most attractive candidates for crashing are C, D, and G in the preference order C>D>G

    4.

    Possible paths= A-B-E-G=20, A-B-D-F-G = 26, A-C-D-F-G= 24

    Project duration= 26
    Normal direct cost= 16,300
    Indirect cost= 26x
    Total cost = 16,300+26x
    Crash 1
    Shorten activity B one day at a cost of 400$. The length of the critical path would become 25
    days. Direct cost= 16,300+400= 16700

    Indirect cost= 25x


    Total cost= 16,700+25x
    Critical path= A-B-D-F-G = 25
    Crash 2
    Shorten activity B one day at a cost of 400$. The length of the critical path becomes 24 days
    Direct cost= 16,700+400= 17,100
    Indirect cost= 24x
    Total cost= 17,100+24x
    Crash 3
    Now we have two critical paths= A-B-D-F-G and A-C-D-F-G
    Crashing G would reduce the project duration by 1 day

    Direct cost= 17,100+600 = 17,700


    Indirect cost= 23x
    Total cost= 17,700+23x
    Crash 4
    Activities A, D, F are common for both critical paths but among these crash per day cost is less
    for A and that would reduce the project time by 1 day

    Direct cost= 17,700+1000= 18,700


    Indirect cost= 22x
    Total cost= 18,700+22x
    Crash 5
    Among D and F, D has less crash cost per day
    Direct cost= 18,700+1267= 19,967
    Indirect cost= 21x
    Total cost= 19,967+21x
    Let us consider that the indirect cost is 1000$ per

    Day then

    From the graph we can see that the total cost is the same for crash 3 and crash 4. But, at the
    same cost in case of crash 4 we could complete the project in 22 days.
    a) The actual cost of the project is 42,300$ without crashing the project.
    b) Activities B and G are best candidates for crashing.
    c) The expected duration of the project once it is fully crashed is 22 days
    d) The cost of fully crashed project is 40,700$
    5.

    Direct costs increase in the order 15,35,35,35,35 as we reduce the project duration from 60
    days.
    Overhead costs decrease by 2500 for reducing the project duration every 3 days.
    Penalty charges increase by 5000 over 50 days for each day.
    a)
    From the table I would advise to complete the project by 57 days which has the least total cost.
    b)

    From the graph we could conclude that if direct cost increases by 5000$ per day then
    crashing the project to 51 days is the most profitable option.
    6.

    7.

    Network diagram
    The critical path is shown in red which is A-B-D-E with 18 days

    8.

    Gantt Chart

    9.

    Network diagram
    Gantt chart

    Critical path is A-C-D-E-G with 26 days

    10.

    Gantt chart
    Network diagram

    Critical path is A-B-R-E-H with 15 days

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