Question

In: Operations Management

Given the following project: Act.          Preceding                    Crash Cost    &nbs

Given the following project:

Act.          Preceding                    Crash Cost              Maximum Crash               Normal Time                                            Activity                       (in million $)             Time (in months)               (in months)

A                     -                                   0                                  0                                  1        

B                     A                                 10                                2                                   3                     

C                     A                                  5                                 1                                   4                     

D                     B                                  6                                 1                                   3                     

E                      C                                 7                                  2                                  4                     

F                     D, E                                9                                 1                                      3

SLACK TIME = Late Starting Time – Early Starting Time OR Late Finish Time – Early Finish Time

To reduce the project time as much as possible given its characteristics, what activity or activities can be crashed?

Solutions

Expert Solution

A thumbs up, pls !!


Related Solutions

Project management Expediting a Project Task Predecessor Normal Time Weeks Normal Cost Crash Time Crash Cost...
Project management Expediting a Project Task Predecessor Normal Time Weeks Normal Cost Crash Time Crash Cost A - 4 $2000 4 - B A 4 $1500 2 4500 C A 6 5000 4 8000 D B 2 1000 2 - E B 6 8000 3 10000 F C 10 10000 7 14000 G D 7 3500 4 5000 H E 4 2500 2 5000 I G,H 3 2000 2 3500 J I,F 3 3000 1 4500 Consider the project shown...
For the project with the five activities given below, you are required to crash the project...
For the project with the five activities given below, you are required to crash the project duration from its original duration to a final duration of 14 days. Assuming a daily indirect cost of $100, what is the total cost of the project with a duration of 14 days. For the project with the five activities given below, you are required to crash the project duration from its original duration to a final duration of 14 days. Assuming a daily...
A project has the following total (or net) cash flows.                __________________________________________            &nbs
A project has the following total (or net) cash flows.                __________________________________________               Year          Total (or net) cash flow                _________________________________________ 1 $20,000 2 30,000 3 50,000 4 60,000 _________________________________________ The required rate of return on the project is 15 percent. The initial investment (or initial cost or initial outlay) of the project is $80,000. a) Find the net present value (NPV) of the project. b) Find the profitability index (PI) of the project. c) Calculate the modified internal rate...
A project has the following total (or net) cash flows.                __________________________________________            &nbs
A project has the following total (or net) cash flows.                __________________________________________               Year          Total (or net) cash flow                _________________________________________ 1 $20,000 2 30,000 3 50,000 4 60,000 _________________________________________ The required rate of return on the project is 15 percent. The initial investment (or initial cost or initial outlay) of the project is $80,000. a) Find the net present value (NPV) of the project. b) Find the profitability index (PI) of the project. c) Calculate the modified internal rate...
A network consists of the following list. Times are given in weeks. Activity Preceding Optimistic Probable...
A network consists of the following list. Times are given in weeks. Activity Preceding Optimistic Probable Pessimistic A -- 5 11 14 B - 3 3 9 C -- 6 10 14 D A, B 3 5 7 F C 6 8 13 G D, E 2 4 6 H F 3 3 9 Calculate the probability that the project will be completed in less than 25 weeks. NOTE NO need to draw the network diagram on this page,   It...
A network consists of the following list. Times are given in weeks. Activity Preceding Optimistic Probable...
A network consists of the following list. Times are given in weeks. Activity Preceding Optimistic Probable Pessimistic A -- 6 8 10 B A 1 2 4 C A 9 12 15 D A 3 4 5 E B 4 6 7 F B 14 16 22 G C, D 2 3 4 H E, G 1 2 3 I G 6 8 9 J H, I 4 6 8 K F, H, J 1 2 5 a. Draw the...
Activity Normal Time (days) Normal Cost ($) Crash Time (days) Crash Cost ($) Immediate Predecessor(s) A...
Activity Normal Time (days) Normal Cost ($) Crash Time (days) Crash Cost ($) Immediate Predecessor(s) A 6 1,000 5 1,200 — B 4 800 2 2,000 — C 3 600 2 900 A, B D 2 1,500 1 2,000 B E 6 900 4 1,200 C, D F 2 1,300 1 1,400 E G 4 900 4 900 E H 4 500 2 900 G The Advanced Tech Company has a project to design an integrated information database for a...
The following table provides the crash data for the project network . the normal activity times...
The following table provides the crash data for the project network . the normal activity times are considered to be deterministic and not probabilistic . Activity time(week) Activity Cost($) Activity Normal Crash Normal Crash a 9 7 $4,800 $6,300 b 11 9 $9,100 $15,500 c 7 5 $3,000 $4,000 d 10 8 $3,600 $5,000 e 1 1 $0 $0 f 5 3 $1,500 $2,000 g 6 5 $1,800 $2,000 h 3 3 $0 $0 i 1 1 $0 $0 j...
Given a project with the following cash flows and a cost of capital of 9%. Calculate...
Given a project with the following cash flows and a cost of capital of 9%. Calculate the NPV, IRR, MIRR, PI, payback and discounted payback. For each of the six calculations, give a brief interpretation of what it measures and how it should be used to evaluate a project. Should the project be accepted? Why or why not? Time Period Cash Flow      0 -$200,000      1 $50,000      2 $70,000      3 -$80,000      4 $75,000      5 $100,000...
The following information is provided about a training and development project. Activity Duration (weeks) Preceding Activities...
The following information is provided about a training and development project. Activity Duration (weeks) Preceding Activities A 3 None B 5 None C 14 A D 5 A E 4 B F 7 B G 8 D, E H 5 G, F            (a)        Draw the PDM/CPM diagram, complete with forward and backward pass information. Find the critical path. [12 marks] (b)       Assume Activity A (hire trainers) took 5 weeks. Draw the PDM/CPM diagram again.[7 marks] (c)       From which activity...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT