CRASHING A new order filling system is needs to be installed as soon as possible. The following activities need to be completed in the order shown below. Also provided is the cost information to reduce the normal activity times. Activity Normal Crash Normal Crash Immediate Time Time Cost ($) Cost ($) Predecessors 7. 10 A 2000 3500 B 8 3000 5700 -- C 8 7 3000 3800 A D 4 1600 2600 В E 7 4 2000 4100 C D, E В F 3 1200 2800 G 11 8 8200 10900 H 4 2600 4800 F, G Draw the Network Diagram and determine the normal completion time. [Note: Use the diagramming convention agreed in class and tabulate the results for each activity's ES, EF, LS, LF, slack time and indication if itť's in the critical path]. Crash the project by 5 days. Identify each crashing activity, the resulting critical path and the minimum cost to install the new order filling system.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
PERT-CPM CRASHING
![CRASHING
A new order filling system is needs to be installed as soon as possible. The following activities
need to be completed in the order shown below. Also provided is the cost information to reduce
the normal activity times.
Activity
Normal
Crash
Normal
Crash
Immediate
Time
Time
Cost ($)
Cost ($) | Predecessors
7
10
A
2000
3500
8
3000
5700
--
C
8.
7
3000
3800
A
D
4
1600
2600
В
E
7
4
2000
4100
C
F
3
1200
2800
D, E
G
11
8
8200
10900
B
H
4
3
2600
4800
F, G
Draw the Network Diagram and determine the normal completion time. [Note: Use the
diagramming convention agreed in class and tabulate the results for each activity's ES, EF, LS,
LF, slack time and indication if itť's in the critical path]. Crash the project by 5 days. Identify each
crashing activity, the resulting critical path and the minimum cost to install the new order filling
system.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbe188b10-f39e-4f88-98ae-4d5c044d2d8c%2F8725191f-63b9-44a4-9a79-8e9bec494b31%2Fnanv1p2_processed.png&w=3840&q=75)
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