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PROJECT MANAGEMENT HOMEWORK

COB 300C, Chapter 7

Dr. Michael Busing

#1 B E
6 9 15 19
12 15 15 19
3 4

19 G 26

19 7 26

A C D F
0 6 6 13 13 15 15 18
0 6 6 13 13 15 16 19
6 7 2 3

B. Critical path is A,C,D,E,G.
C. Takes 26 weeks to complete the project.
D. B has 6 weeks of slack.

83 E.47 .83 3 6 2 6. Always concentrate on critical path for crashing – therefore.83 0 3 3 9 9 11 20 26.355 Area = 1-.0885 Probability is .8. Reducing job 3 by two days (savings = $1000/day X 2 days = $2000) for $1500 in cost gives us a net gain of $500.  5.11 C.83 days.3.#7 2 5 3 5 5 8 6 8 8 11 2 3 8 9 11 15 15 20 11 15 15 20 4 5 1 3 6 11 0 3 3 9 9 11 20 26.83 10 15 19 16 20 4 4 7 3 8 8 15 4 9 9 16 5 7 B. Expected Completion Time = 26. z   1. you should consider only job 3 since 5 and 7 are non-critical.6. Therefore option two is chosen.0885 that the project will take more than 30 days to complete. D.9. Critical Path: 1. x   30  26.91149 = .

00 1.00 1.78 5 1 3 5 3.11 11 5 7 8 6.78 8 2 4 6 4.11 7 1 8 9 7.83 0.00 0.00 0.44 9 2 4 12 5.00 0. Calculations for Expected Activity Times and Variances of Activities – Problem 7 activity label a m b Expected Variance 1 2 3 4 3.78 10 3 4 5 4.00 0. .78 4 3 4 11 5.44 6 1 2 3 2.00 1.25 a  4m  b ba 2 ET  2   6  6  NOTE THAT THE VARIANCE OF THE PROJECT IS THE SUM OF THE VARIANCES FOR CRITICAL PATH ACTIVITIES.00 0.11 3 4 5 12 6.00 2.11 2 1 2 3 2.00 0.

000 $ 3.G Activity Normal Time Crash Time Normal Cost Crash Cost A 7 6 $ 7.F.000 $ 10. in order of reduction would be shortened and the resulting cost.000 $ 4.500 E 2 1 $ 2. (continued on next page) .000 G 5 4 $ 5.000 $ 7.000 $ 8. show which activities.C. #8 B F 7 10 16 20 8 11 16 20 3 4 A D G 0 7 11 16 20 25 0 7 7 11 5 16 20 5 25 C E 7 11 16 18 7 4 11 18 2 20 Critical Path: A.000 $ 7.000 F 4 2 $ 4.000 $ 8.000 B 3 2 $ 5.000 If the project is to be shortened by four days.D.000 C 4 3 $ 9.200 D 5 4 $ 3.

200 greater than original cost of: $35.000.200) 3rd: “F” gets crashed by two day for: $3.000 increase in cost ($4000 $7000) Resulting cost is $5. Work on cheapest crash cost activity.000 increase in cost ($7000 $8000) 2nd: “C” gets crashed by one day for: $1. 1st: “A” gets crashed by one day for: $1.Possible Paths: A C D F G 7 4 5 4 5 = 25 6 4 5 4 5 24 6 3 5 4 5 23 A B D F G 7 3 5 4 5 = 24 6 3 5 4 5 23 A C D E G 7 4 5 2 5 = 23 6 4 5 2 5 22 6 3 5 2 5 21 A B D E G 7 3 5 2 5 = 22 6 3 5 2 5 21 Logic: Take longest (or also known as “critical”) path first.200 when crashing is employed to reduce completion time by four days.200 increase in cost ($9000 $10. Therefore. total project cost is: $40. .