This was a three part question. Bartelby helped me get A and B. The picture for Part A is the network diagram and Part B's answer is below for the critical path. My question I need to answer is Part C which is in the second picture. Part B There are the following paths in the project network. A –> B –> D –> G –> J = 2 + 4 + 2 + 3 + 7 = 18 A –> B –> E –> G – >J = 2 + 4 + 1 + 3 + 7 = 17 A –> B –> F –> H –> J = 2 + 4 + 8 + 5 + 7 = 25 A –> C –> F –> H –> J = 2 + 5 + 8 + 5 + 7 = 27 A –> C –> F –> I –> J = 2 + 5 + 8 + 4 + 7 = 26 The longest path in all the possible paths of the project network is A –> C –> F –> H –> J with the longest time. Therefore, the project duration is 27 days.
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.
This was a three part question. Bartelby helped me get A and B. The picture for Part A is the network diagram and Part B's answer is below for the critical path. My question I need to answer is Part C which is in the second picture.
Part B There are the following paths in the project network.
- A –> B –> D –> G –> J = 2 + 4 + 2 + 3 + 7 = 18
- A –> B –> E –> G – >J = 2 + 4 + 1 + 3 + 7 = 17
- A –> B –> F –> H –> J = 2 + 4 + 8 + 5 + 7 = 25
- A –> C –> F –> H –> J = 2 + 5 + 8 + 5 + 7 = 27
- A –> C –> F –> I –> J = 2 + 5 + 8 + 4 + 7 = 26
The longest path in all the possible paths of the project network is A –> C –> F –> H –> J with the longest time. Therefore, the project duration is 27 days.
![### How Much Slack is in Each of the Activities G, H, and I?
In project management, calculating the slack time for each activity is crucial to understand how much flexibility there is in the schedule without delaying the entire project.
The following table shows the activities (G, H, and I), their durations, whether they are on the critical path, and the slack time:
| **Activity** | **Activity Time (days)** | **On critical path?** | **Slack (days)** |
|--------------|--------------------------|-----------------------|------------------|
| G | 3 | [Dropdown] | [Empty] |
| H | 5 | [Dropdown] | [Empty] |
| I | 4 | [Dropdown] | [Empty] |
- **Activity G**: Takes 3 days to complete.
- **Activity H**: Takes 5 days to complete.
- **Activity I**: Takes 4 days to complete.
The column "On critical path?" indicates a dropdown menu where you would specify whether the activity is on the critical path. The critical path is the sequence of stages determining the minimum time needed for an operation.
The column "Slack (days)" is where you would calculate and enter the slack time.
Slack (or float) is the amount of time that you can delay a task without delaying the project. It is calculated using the following formula:
\[ \text{Slack} = \text{Latest Start Time} - \text{Earliest Start Time} \]
Understanding and managing slack is crucial for ensuring project timelines are met and resources are optimally used. If an activity is on the critical path, its slack is zero because any delay in such an activity will directly delay the project completion.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93e3cd7e-a9a9-4aef-84c9-9b5be41d5a7f%2Fab7070be-8064-4a00-88d8-f038f8956184%2Fz5we9rr_processed.jpeg&w=3840&q=75)
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