Project Management Assignment
Project Management Assignment
Project (1):
Answer:
A.Drawing the Project Network Diagram
By listing the activities that connect from A to N for each path, we can
visualize the different routes available.Subsequently, the duration of each
activity within a path can be summed to determine the total time required
for that particular sequence.
SLACK
Duratio (ls-es) Critical
Activity n ES EF LS LF (lf-ef) path
A 4 0 4 0 4 0 yes
B 3 4 7 14 17 10 none
C 7 4 11 4 11 0 yes
D 9 4 13 12 21 8 none
E 8 4 12 5 13 1 none
F 7 7 14 17 24 10 none
G 6 11 17 18 24 7 none
H 13 11 24 11 24 0 yes
I 4 13 17 21 25 8 none
J 12 12 24 13 25 1 none
K 1 12 13 24 25 12 none
L 5 24 29 24 29 0 yes
M 4 24 28 25 29 1 none
N 5 29 34 29 34 0 yes
so, based on the previous excel table I identified the critical path by
selecting the highest EF value from the project and activing N showing 34
highest EF value so the critical path is (A-C-H-L-N) and the project duration
will be (34).
Activity C
can be crashed for 3 days at total cost $1,000 per day
total crash cost will be (3*1,000)= $3,000 , the company saves 3 days at
$3,500 per day = $10,500 saved.
Net savings = $10,500 - $3,000 = $7,500.
So the project can be reduced by more three days.
So total saving for the project is activity C on the critical path with the
highest saving cost of $7,500 per three days and total new project duration
will be shorter by 3 days from the original project duration (34-3)=31 days
for new project length.
Project (2):
1. Identify the critical path and its activities for Rockfest. How long
does the project take?
To determine the project's timeline, we must identify the critical path, which
represents the longest sequence of activities.By analyzing the project's
tasks, we found that the critical path includes the following critical path
activities:
Tasks that can be delayed without affecting the project's overall timeline are
known as tasks with slack. Those with a slack period of eight weeks or more
are typically not on the critical path, either due to their longer duration or
less stringent dependencies.
By analyzing the project schedule found that:
Given the timeline outlined in the chart, tasks like "(Q) hire sponsor
coordinator" (4 weeks) and "(R) finaliz sponsors" (4 weeks) have
inherent flexibility due to their extended durations. This slack can potentially
accommodate scheduling adjustments without compromising the project's
critical path.