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1.Network representation? 2.Critical path? 3. Non critical activities?

1.Network representation? 2.Critical path? 3. Non critical activities?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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## RAPIDecision® Quick Term Life Insurance Project Structure ### Table: Project Tasks | Index | Tasks | Immediate Predecessors | Duration (in weeks) | |-------|--------------------------|------------------------|---------------------| | A | Market Research | - | 8 | | B | Cost Analysis | - | 4 | | C | Product Design | A, B | 12 | | D | Development Analysis | C | 10 | | E | Developing Product Model | D | 8 | | F | Filing Contracts | E | 12 | | G | Product Testing | E | 10 | | H | Pricing | E | 8 | | I | Sales/Marketing Planning | G, H | 6 | | J | Sales Force Training | A, E, I | 4 | ## RAPIDecision® Quick Term Life Insurance: Cost Structure ### Table: Cost Analysis | Index | Tasks | Normal Duration | Expedited Duration | Normal Cost | Expedited Cost | Cost/Week | |-------|--------------------------|-----------------|--------------------|-------------|----------------|-----------| | A | Market Research | 8 | 5 | $100,000 | $145,000 | $15,000 | | B | Cost Analysis | 4 | 3 | $64,000 | $82,000 | $18,000 | | C | Product Design | 12 | 10 | $76,800 | $112,000 | $17,600 | | D | Development Analysis | 10 | 6 | $80,000 | $106,400 | $8,800 | | E | Develop Product Model | 8 | 6 | $91,200 | 136000 | | | F | Filing Contracts | 12 | 6 | $96,000 | $123,200 | 5440 | | G | Product Testing | 10 | 6 | $120,000 | $136,000 | | | H
Transcribed Image Text:## RAPIDecision® Quick Term Life Insurance Project Structure ### Table: Project Tasks | Index | Tasks | Immediate Predecessors | Duration (in weeks) | |-------|--------------------------|------------------------|---------------------| | A | Market Research | - | 8 | | B | Cost Analysis | - | 4 | | C | Product Design | A, B | 12 | | D | Development Analysis | C | 10 | | E | Developing Product Model | D | 8 | | F | Filing Contracts | E | 12 | | G | Product Testing | E | 10 | | H | Pricing | E | 8 | | I | Sales/Marketing Planning | G, H | 6 | | J | Sales Force Training | A, E, I | 4 | ## RAPIDecision® Quick Term Life Insurance: Cost Structure ### Table: Cost Analysis | Index | Tasks | Normal Duration | Expedited Duration | Normal Cost | Expedited Cost | Cost/Week | |-------|--------------------------|-----------------|--------------------|-------------|----------------|-----------| | A | Market Research | 8 | 5 | $100,000 | $145,000 | $15,000 | | B | Cost Analysis | 4 | 3 | $64,000 | $82,000 | $18,000 | | C | Product Design | 12 | 10 | $76,800 | $112,000 | $17,600 | | D | Development Analysis | 10 | 6 | $80,000 | $106,400 | $8,800 | | E | Develop Product Model | 8 | 6 | $91,200 | 136000 | | | F | Filing Contracts | 12 | 6 | $96,000 | $123,200 | 5440 | | G | Product Testing | 10 | 6 | $120,000 | $136,000 | | | H
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