Question

In: Economics

Frank’s Fine Floats is engaged in the business of building exquisite parade floats. Frank has a...

Frank’s Fine Floats is engaged in the business of building exquisite parade floats. Frank has a new float to build and hopes to use PERT/CPM to help them manage the project. The following table shows the activities that make up the project, as well as the estimated completion time (in days) and immediately preceding activities for each activity. Frank wants to know the total time to complete the project, which activities are critical, and the earliest and the earliest for each activity The latest start and finish date.

Activity

Immediate Predecessor

Duration (days)

A

-

20

B

-

18

C

-

12

D

A

10

E

B

15

F

B

5

G

C

10

H

B,D

8

I

G,H

10

problem:
(1) Draw a single-code network plan
(2) Assuming that the project start time is the first day and the project end time is the 100th day, determine the immediate activities of each activity and calculate the six time parameters of each activity, complete the following table:
Latest End Time Total Time Difference Single Time Difference

Event

Immediate Predecessor

Earliest Start Time

Earliest End Time

Latest Start Time

Latest End Time

Total Time Difference

Single Time Difference

A

B

C

D

E

F

G

H

I

(3) Determine the key activities and key routes of the project
(4) Determine the project duration

Solutions

Expert Solution

(1) Single node network plan-----

2) Six time parameters of each activity------

Events Immediate predecessor

Earliest start time

(Es))

Earliest end time

(Ef)

Es+t

Latest

starttime

(Ls)

Lf-t

Latests

Endtime

(Lf)

Total time difference

total float((Lf-Ef)

A 0 20 0 20 0
B 0 18 0 33 15
C 0 12 0 28 16
D A 20 30 20 30 0
E B 18 33 33 48 15
F B 18 23 43 48 25
G C 12 22 28 38 16
H B,D 30 38 30 38 0
I G,H 38 48 38 48 0

(3) Key activities and key routs of the project----


Key Activities
Key Routs Duration
C-G-I 1-2-5-7 12+10+10=32
A-D-H-I 1-3-6-5-7 20+10+8+10=48*
B-H-I 1-4-6-5-7 18+8+10=36
B-F 1-4-7 18+5=23
B-E 1-4-7 18+15=33

(4). Project duration is------ 48 days

As we find in above table that critical path is what which has longest duration,so project duration is 48 days.


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