QUESTION 4 (25 marks) Cashave is responsible for developing a training programme for one major deliverable of the ASP Project. The following table shows the relationships between the activities that must be completed, along with estimates of the durations in days and other relevant information such as Activity Variance, Earliest start and finish times, latest start and finish times. Slack Early Early Late Late Variance Critical (Yes/No) Activity Predecessors Duration Start Finish Start Finish A 4.17 0.00 4.17 0.00 4.17 0.69 B A 6.17 4.17 10.34 4.17 10.34 1.36 C A 2.00 4.17 6.17 8.34 10.34 0.11 D B 4.00 10.34 14.34 11.01 15.01 0.44 E B 3.17 10.34 13.51 11.84 15.01 0.25 F B, C 4.17 10.34 14.51 10.34 14.51 0.25 G B 2.17 10.34 12.51 19.84 22.01 0.25 H F 3.00 14.51 17.51 14.51 17.51 0.11 I F, H 1.50 17.51 19.01 17.51 19.01 0.03 J I 3.00 19.01 22.01 19.01 22.01 0.11 K D, E 7.00 14.34 21.34 15.01 22.01 1.00 You are required to assist Cashave in carrying out the following tasks: i. Complete the project schedule above by inserting the Variance and Slack and indicating the critical activities. (6 marks) ii. Prepare a network diagram based on the information in the table above. (5 marks) 111. Identify the activities, which if delayed, will NOT necessarily delay the entire project. (2 marks) iv. Determine the critical path for this project. (4 marks) V. Determine the expected completion time and variance for the project. (4 marks) vi. Cashave, when asked by Monica, advised her that the time in PART (V) as the longest time the project is likely to take. Comment on the accuracy of the information provided by Cashave to Monica. (4 marks)
QUESTION 4 (25 marks) Cashave is responsible for developing a training programme for one major deliverable of the ASP Project. The following table shows the relationships between the activities that must be completed, along with estimates of the durations in days and other relevant information such as Activity Variance, Earliest start and finish times, latest start and finish times. Slack Early Early Late Late Variance Critical (Yes/No) Activity Predecessors Duration Start Finish Start Finish A 4.17 0.00 4.17 0.00 4.17 0.69 B A 6.17 4.17 10.34 4.17 10.34 1.36 C A 2.00 4.17 6.17 8.34 10.34 0.11 D B 4.00 10.34 14.34 11.01 15.01 0.44 E B 3.17 10.34 13.51 11.84 15.01 0.25 F B, C 4.17 10.34 14.51 10.34 14.51 0.25 G B 2.17 10.34 12.51 19.84 22.01 0.25 H F 3.00 14.51 17.51 14.51 17.51 0.11 I F, H 1.50 17.51 19.01 17.51 19.01 0.03 J I 3.00 19.01 22.01 19.01 22.01 0.11 K D, E 7.00 14.34 21.34 15.01 22.01 1.00 You are required to assist Cashave in carrying out the following tasks: i. Complete the project schedule above by inserting the Variance and Slack and indicating the critical activities. (6 marks) ii. Prepare a network diagram based on the information in the table above. (5 marks) 111. Identify the activities, which if delayed, will NOT necessarily delay the entire project. (2 marks) iv. Determine the critical path for this project. (4 marks) V. Determine the expected completion time and variance for the project. (4 marks) vi. Cashave, when asked by Monica, advised her that the time in PART (V) as the longest time the project is likely to take. Comment on the accuracy of the information provided by Cashave to Monica. (4 marks)
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter14: The Balanced Scorecard And Corporate Social Responsibility
Section: Chapter Questions
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Transcribed Image Text:QUESTION 4 (25 marks)
Cashave is responsible for developing a training programme for one major deliverable of the ASP Project.
The following table shows the relationships between the activities that must be completed, along with
estimates of the durations in days and other relevant information such as Activity Variance, Earliest start and
finish times, latest start and finish times.
Slack
Early
Early
Late
Late
Variance
Critical
(Yes/No)
Activity
Predecessors
Duration
Start
Finish
Start Finish
A
4.17
0.00
4.17
0.00
4.17
0.69
B
A
6.17
4.17
10.34
4.17
10.34
1.36
C
A
2.00
4.17
6.17
8.34
10.34
0.11
D
B
4.00
10.34
14.34
11.01
15.01
0.44
E
B
3.17
10.34
13.51
11.84
15.01
0.25
F
B, C
4.17
10.34
14.51
10.34
14.51
0.25
G
B
2.17
10.34
12.51
19.84
22.01
0.25
H
F
3.00
14.51
17.51
14.51
17.51
0.11
I
F, H
1.50
17.51
19.01
17.51
19.01
0.03
J
I
3.00
19.01
22.01
19.01
22.01
0.11
K
D, E
7.00
14.34
21.34
15.01
22.01
1.00
You are required to assist Cashave in carrying out the following tasks:
i. Complete the project schedule above by inserting the Variance and Slack and indicating the critical
activities.
(6 marks)
ii.
Prepare a network diagram based on the information in the table above.
(5 marks)
111.
Identify the activities, which if delayed, will NOT necessarily delay the entire project.
(2 marks)
iv.
Determine the critical path for this project.
(4 marks)
V.
Determine the expected completion time and variance for the project.
(4 marks)
vi.
Cashave, when asked by Monica, advised her that the time in PART (V) as the longest time the project
is likely to take. Comment on the accuracy of the information provided by Cashave to Monica.
(4 marks)
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