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Additional Project Management Problems

1) This document discusses additional project management problems and solutions. It provides examples of calculating critical paths and project durations on networks diagrams. 2) Methods for crashing or expediting project activities are examined, including reducing activity times and costs. The optimal crashing strategies are determined. 3) Concepts of variance and standard deviation are applied to activities on critical paths to calculate variance in overall project completion time.

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Vanessa Huynh
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61 views7 pages

Additional Project Management Problems

1) This document discusses additional project management problems and solutions. It provides examples of calculating critical paths and project durations on networks diagrams. 2) Methods for crashing or expediting project activities are examined, including reducing activity times and costs. The optimal crashing strategies are determined. 3) Concepts of variance and standard deviation are applied to activities on critical paths to calculate variance in overall project completion time.

Uploaded by

Vanessa Huynh
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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CHAPTER 3 ADDITIONAL PROJECT MANAGEMENT PROBLEMS

1. a.

b. A-C-D-E-G, also shown in the network above as the bold path. c. 26 weeks, 6+7+2+ +7. d. 6 weeks, 1!-". 2. a.

b.

A-#-D-E-$, also shown in the network above as the bold path.

21

Chapter %

c. d. . a.

1! weeks, 1+ +2+!+%. C, % weeks& ', 1 week& and G, 1 week.

b.

1-%-6-"-1(.

c. )he *ost lo+ical option wo,ld be to c,t activit- % b- % weeks, and then red,ce activit- 6 or " b- one week. )his is the lowest cost option, and does not create an additional critical path. Another option wo,ld be to red,ce activities 6 and " b- a total o. % weeks, and then red,ce activit- % b- one week. )his also has the sa*e cost, b,t creates an additional critical path /1-%-!-0-1(1.

22

2ro3ect 4ana+e*ent

6.

a. A-E-G-C-D. b. 26 weeks. c. 5o di..erence in co*pletion date. # alread- has slack ti*e o. 2 and ' has slack ti*e o. 1. 7. a. 6ob 5o. 1 2 % % ! 6 7 0 " 1( 11 1 1 1 2 2 % ! 7 % 2 0 a 2 1 * % 2 ! % 12 11 ! % " 6 12 ! 0 b E) %.(( 2.(( 6.(( !.(( %.(( 2.(( 7.(( .(( !.(( .(( 6.0% 2 .11 .11 1.70 1.70 . .11 1.70 . 2.70 .11 .2!

2%

Chapter %

b. 1-%-6-0-"-11. c. 26.0%, %.((+6.((+2.((+ .((+!.((+6.0% d. /11 5o. 6ob ! is not on the critical path& there.ore, red,cin+ it ti*e b- two da-s will not red,ce pro3ect co*pletion ti*e. /21 5o. 6ob % is on the critical path, b,t red,cin+ it b- two da-s shi.ts the critical path to /1- -7-1(-111, onl- savin+ one da-. )here.ore, 71,((( is saved in co*pletion ti*e at a cost o. 71,!((. e. 8ariance o. pro3ect co*pletion ti*e is .o,nd b- s,**in+ the variances o. activities on the critical path. /1-%-6-0-"-111, .11+1.70+.11+. +2.70+.2!9!. 7.
Z = %( 26.0% 9 1.%! !. 7

2/):%(1 9 .(00!

".
2

2ro3ect 4ana+e*ent

a. 1(( $o,rs. b. b and d are not on the critical path. )heir start can be dela-ed witho,t dela-in+ the start o. an- s,bse;,ent activities. 11.

a. A-C-D-'-G. b. 2! weeks, 7+ +!+ +!. c. #, 2weeks& E, 2 weeks.

Activit-

5or*al )i*e /5)1

Crash )i*e /C)1

5or*al Cost /5C1

Crash Cost /CC1

5)-C)

Cost<week to e=pedite

2!

Chapter %

A # C D E ' G

7 2 ! 2 !

6 1 % 1 2

77,((( !,((( ",((( %,((( 2,((( ,((( !,(((

70,((( 7,((( 1(,2(( ,!(( %,((( 7,((( 0,(((

1 1 1 1 1 2 1

1,((( 2,((( 1,2(( 1,!(( 1,((( 1,!(( %,(((

'irst, shorten activit- A b- one week at a cost o. 71,(((. )his is the lowest cost<week activit- on the critical path. >econd, shorten activit- C b- one week at a cost o. 71,2((. )his is the ne=t lowest cost<week activit- on the critical path. 12. a. E=pected )i*e a + m +b 6 !.(( !.(( 6.17 2.(( %.(( %.0% 7.!( 2.(( Activit- 8ariance
b a 6
2

ActivitA # C D E ' G $

1 1 7<" 2!<%6 ( 1 7<" 1< 1 1<% 1<"

b.

26

2ro3ect 4ana+e*ent

c. >hown on dia+ra*. d. >hown on dia+ra*. e.

Z=

D T

2 cp

1" 2(.67 1.67 = = ."%0 2! 1 1 1.77" 1+ + 1 + %6 % "

?ook ,p that val,e in Appendi= E and we see that there is 17 percent chance o. co*pletin+ the pro3ect b- that date.

27

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