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You are a junior manager with expertise in project management and a member

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You are a junior manager with expertise in project management and a member of a project team of a company that just won the bid to develop a new internet banking management system for a major bank in South Africa. The project will entail the following activities along with their respective precedence, duration and cost.

Activity Code

Activity

Immediate Predecessor

Normal Time(Weeks)

Crashing Time(weeks)

Normal Cost

Crashing cost

1

A

12

8

$100000

$104000

2

B

A

17

15

90000

140000

3

C

11

7

44000

60000

4

D

C

17

14

220000

280000

5

E

C

18

16

230000

256000

6

F

C

12

10

14000

20000

7

G

D,E

15

13

264000

312000

8

H

F

10

10

90000

9

I

H

12

11

300000

330000

10

J

B

16

14

130000

175000

11

K

D,B

15

13

125000

180000

The project requires a crane that rents for $1300 per week and a crew of general labour that cost $5200 per week. Ahead of the next project team meeting, the project manager has tasked you to develop the project schedule along with relevant analysis on possible cost savings related to completing the project ahead of schedule.

For the questions that follow, use the activity codes in place of the activity. For instance, activity B should be written as activity 2. That is, 2 stands for B. Thus, a critical path of say, CBJ must be written as 3210 in the space provided.

Note: All answers must be in numeric form, This is why activities are given number codes.

i. The latest start time for activity G in order to complete the project on time is week  Blank 1. Fill in the blank, read surrounding text. .

ii. The number of weeks for which activity J could be delayed without delaying the project is  Blank 2. Fill in the blank, read surrounding text. weeks.

iii. The project completion time is  Blank 3. Fill in the blank, read surrounding text. weeks.

iv. The critical path of the project (in terms of the activity codes, and in the order from left to right) is  Blank 4. Fill in the blank, read surrounding text. . Note: In case of multiple critical paths, give only the one for which the sum of the codes for the activities is the minimum.

v. The total cost of the project within the normal time frame is $  Blank 5. Fill in the blank, read surrounding text.

vi. If the project manager would want to save cost by taking advantage of the weekly indirect cost, then the earliest permissible time the project would be completed is in  Blank 6. Fill in the blank, read surrounding text. weeks.

vii. The total cost of the project if the project manager undertakes the action in question (vi) is   $  Blank 7. Fill in the blank, read surrounding text. .

viii. If the project has to be completed in 41 weeks, then the activity/activities to crash when on week 42 in order to achieve the 41 weeks (using activity codes, and listing the smallest first) is  Blank 8. Fill in the blank, read surrounding text. . For example, if the activities to crash to get to week 40 when on week 41 is C,I, provide the answer as 39.

ix. The minimum total cost of the project if it has to be completed in 41 weeks through crashing is $  Blank 9. Fill in the blank, read surrounding text. .

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[Solved] You are a junior manager with expertise in project management and a member

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