Consider the following network with tasks duration in days: (Note: Task N is...

90.2K

Verified Solution

Question

Accounting

Consider the following network with tasks duration in days:

image

(Note: Task N is a dummy task. It must be included in the relationships but its duration is 0. Be sure its duration is set to 0))

Task

Pessimistic

Likely

Optimistic

Fixed Cost

A

7

5

3

1000

B

3

2

1

600

C

12

7

2

2100

D

12

6

6

1800

E

9

8

7

800

F

24

12

6

2400

G

11

4

3

800

H

7

6

5

1200

I

6

4

2

1600

J

25

17

9

4200

K

7

5

3

3600

L

7

7

7

2100

M

12

10

8

3000

N

-

-

-

-

Project start on Monday 10/31/16. Thursday 11/24/16, Friday 11/25/16, 12/26/16, and 1/2/17 are holidays.

Determine critical path and its duration. When the project will end (date)?

There is a possibility that the starting task K may be delayed by 3 days. Will this impact the project completion date? If yes, when will be the new finish date? (After checking this out, please restore the project to its original schedule).

Assign the following resources to the tasks. All resources will be full time. (Set the leveling to manual first).

Task

Resource

Cost/day

A

R1

200

B

R2

300

C

R3

300

D

R4

300

E

R2

300

F

R4

300

G

R1

200

H

R5

200

I

R6

400

J

R5

200

K

R1

200

L

R3

300

M

R2

300

N

-

-

Check for over-allocation. Which resources are over allocated?

Level if necessary. Then determine the new critical path and duration.

What is the total cost of the project (Fixed+Resource cost)? How much does the project need in the first, second, and third weeks?

(Hint: Use Reports, cost, cash flow to find out weekly budget requirements)

After completing the assignment, please enter your answers in the attached answer sheet, and submit your answer sheet and your MPP file to the designated area in Moodle.

Answer Sheet

Answers:

Questions

Answers

Question 2. (2)

Critical Path:

Duration:

Finish date:

Question 4. (1)

Impact of 3 days delay in starting task K:

New finish date:

Question 6. (2)

Over allocated resources:

Question 7. (1)

Is leveling necessary?

New critical path:

Duration:

Question 8. (1)

Total project cost:

$

Total cash required for week 1:

$

Total cash required for week 2:

$

Total cash required for week 3:

$

2 10 6

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students