How many nodes and arcs are in the project network activity on node diagram?
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.
A Construction Project
A maintenance building construction project also includes an external electrical generator and water tank. The first activity is to excavate which requires two weeks. Following excavation, the maintenance building will be built, and then both the generator and the water tank can be installed. These three activities, building, generator, and tank, require six, four, and two weeks, respectively.
Once this set of three activities is completed, the tank and generator can be connected to the building, an activity that requires five weeks. After the maintenance building is built, maintenance equipment can also be installed inside the building and this activity takes four weeks. Painting the maintenance building is also required, following its construction, and this takes three weeks. Finally, after the maintenance equipment is installed and the connection is completed, it will take two weeks to inspect the new maintenance facility.
How many nodes and arcs are in the project network activity on node diagram?
A. 7, 9
B. 7, 10
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
