Project_Management_Example_-_0616

Project_Management_Example_-_0616 - 3 $200 7 4 3 $15,000...

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Task Activity Predecessors 1 - 3 2 Lay foundation 1 2 3 Order materials 1 1 4 Build house 2,3 3 5 Select paint 2,3 1 6 Select carpet 5 1 7 Finish work 4,6 1 1 3 Start 0 3 0 3 Duration (Months) Design house and obtain financing
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Task Id Duration ES EF LS LF 2 2 4 3 3 5 5 8 3 5 5 8 3 1 5 1 6 1 3 4 5 6 6 7 4 5 6 7 7 8
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7 1 8 9 End 8 9
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Time Estimates Activity E(x) Var 1 6 8 10 8 0.44 2 3 6 9 6 1 3 1 3 5 3 0.44 4 2 4 12 5 2.78 5 2 3 4 3 0.11 6 3 4 5 4 0.11 7 2 2 2 2 0 8 3 7 11 7 1.78 9 2 4 6 4 0.44 10 1 4 7 4 1 11 1 10 13 9 4 Project Duration: 25 Varation: 6.89 Stdev: 2.62 Probability of being 30 weeks or less: 0.97 Probability of being within 22 weeks: 0.13 Probabilty of beting within 22 and 30 weeks: 0.85 Optimistic Time (a) Most Likely Time (m) Pessimistic Time (b)
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Activity Crash Cost 1 12 7 $3,000 $5,000 5 $400 2 8 5 $2,000 $3,500 3 $500 3 4 3 $4,000 $7,000 1 $3,000 4 12 9 $50,000 $71,000 3 $7,000 5 4 1 $500 $1,100 3 $200 6 4 1 $500 $1,100
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Unformatted text preview: 3 $200 7 4 3 $15,000 $22,000 1 $7,000 $75,000 $110,700 2 7 7 1 7 Start 7 7 3 7 8 Original critical path: 1 - 2 - 4 - 7 Project duraction is 36 weeks Can we crash to 32 weeks. At what minimal cost? Crash activity 1 by 4 weeks: Cost is $1600. Can we crash to 28 weeks? Crash 1 by 1 week : Cost $400 Crash 2 by 3 weeksCost: $1,500 Running total: $1,900 $3,500 Normal Time Crash Time Normal Cost Total Allowable Crash Time Crash Cost Per Week Can we crash to 30 weeks? 5 4 12 12 12 24 12 12 24 7 24 24 4 5 4 6 4 11 12 16 16 20 12 16 20 20 24 4 28 End 28...
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This note was uploaded on 09/24/2010 for the course BU 628 taught by Professor Dr.tapp during the Spring '10 term at Georgian.

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Project_Management_Example_-_0616 - 3 $200 7 4 3 $15,000...

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