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2004 by Prentice Hall, Inc.,Upper Saddle 3-19 Activity Slack Analysis A 12 K9 C 10 G 35 J4 H 40 B9 D 10 E 24 0 12 I 15 F 10 12 27 12 22 63 72 22 57 59 63 19 59 9 33

0 9 9 19 12 22 48 63 2 14 53 63 63 72 14 24 24 59 0 9 9 19 19 59 35 59 59 63 Latest start time Latest finish time Critical path Finish Start Node DurationES LS Slack A 12 0 2

2 B B 9 9 0 0 0 0 0 0 C 10 12 14 2 D D 10 10 9 9 9 9 0 0 E 24 9 35 26 F 10 12 53 41 G 35 22 24 2 H H 40 40

19 1919 19 0 0 I 15 12 48 36 J J 4 4 59 5959 59 0 0 K K 6 6 63 6363 63 0 0 Activity slack = maximum delay time Critical path activities

2004 by Prentice Hall, Inc.,Upper Saddle 3-20 Activity Slack

How much would we like to reduce the time for activity B? C 15 5 20 10 25 A5 0 5 0 5 Finish Start B 20 5 25 5 25 D 10 25 35 25 35

2004 by Prentice Hall, Inc.,Upper Saddle 3-21 3 activity time estimates Optimistic times (a)Most-likely time (m)Pessimistic time (b) Follow beta distribution Expected time:t= ( a+ 4 m+ b) / 6

Variance of times:v= ( b- a) 2 / 6 Expected project time: T = sum of critical path activity times,t Project variance: V = sum of critical path activity variances Activity Times & Project Activity Times & Project Times Times

Completion Time for Completion Time for Noncritical Activities Noncritical Activities 2004 by Prentice Hall, Inc.,Upper Saddle 3-22

Variability of times for activities on non-critical paths must be considered when determining the probability of finishing in a specified time. Variation in non-critical activity may cause change in critical path.

2004 by Prentice Hall, Inc.,Upper Saddle 3-23 Most activities can be done faster if you pay more money Work overtime / hire more people / rent extra equipment / incentive contracts PERT / CPM have the ability to crash a schedule to shorten activity time in a network to reduce project completion time. Cost / Time Trade-offs

2004 by Prentice Hall, Inc.,Upper Saddle 3-24 Cost / Time Cost / Time Relationship Relationship 8000 7000 6000 5000 4000 3000 0 Directcost( dollars) Crash cost Normal cost | | |

| | | 5 6 7 8 9 1011 Crash time Normal time Activity B cpm & pert example Download this Document for FreePrintMobileCollectionsReport Document Info and Rating Sunil Sethia Share & Embed Related Documents PreviousNext 1. p.

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