A new product will be launched for JCM Company. JCM is preparing a budget for possible bank loans. The following table provides the associated activities and their durations. Construct the Project network. Activity Predecessor(s) Duration(s) A. Forecast sales volume 10 B. Study competitive market 7 C. Design item and facilities A 5 D. Prepare production schedule C 3 E. Make estimate for cost of production D F. Set sales price B,E 1 G. Prepare budget E,F 14 Questions: 1. If you will start tomorrow, when will the project be accomplished? 2. Are there critical paths? If Yes, list the activities.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Perform the exercise in Microsoft Project

Construct the Project network.

A new product will be launched for JCM Company. JCM is preparing a budget for possible bank
loans. The following table provides the associated activities and their durations. Construct the
Project network.
Activity
Predecessor(s)
Duration(s)
A. Forecast sales volume
10
B. Study competitive market
7
C. Design item and facilities
A
5
D. Prepare production schedule
C
E. Make estimate for cost of production
D
2
F. Set sales price
B,E
1
G. Prepare budget
E,F
14
Questions:
1. If you will start tomorrow, when will the project be accomplished?
2. Are there critical paths? If Yes, list the activities.
3.
Transcribed Image Text:A new product will be launched for JCM Company. JCM is preparing a budget for possible bank loans. The following table provides the associated activities and their durations. Construct the Project network. Activity Predecessor(s) Duration(s) A. Forecast sales volume 10 B. Study competitive market 7 C. Design item and facilities A 5 D. Prepare production schedule C E. Make estimate for cost of production D 2 F. Set sales price B,E 1 G. Prepare budget E,F 14 Questions: 1. If you will start tomorrow, when will the project be accomplished? 2. Are there critical paths? If Yes, list the activities. 3.
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