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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)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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)
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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