You are the project manager working for Mack's Pool Co. Your project consists of installing a new swimming pool at the local country club before Memorial Day weekend (pool opening weekend). You would like to find the minimum cost schedule for your project. There is a $9,000 per week penalty for each week the project is delayed beyond week 9. In addition, your project team determined that indirect costs are $15,000 per week. ACTIVITY Immediate Predecessor (s) NORMAL TIME (NT) CRASH TIME (CT) Normal Cost (NC) Crash Cost (CC) A -- 2 1 7,000 10,000 B -- 2 2 3,000 3,000 C A 3 1 12,000 40,000 D B 3 2 12,000 28,000 E C 1 1 8,000 8,000 F D, E 5 3 5,000 15,000 G E 3 2 9,000 18,000
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.
Swimming Pool Installation:
You are the project manager working for Mack's Pool Co. Your project consists of installing a new swimming pool at the local country club before Memorial Day weekend (pool opening weekend). You would like to find the minimum cost
|
ACTIVITY |
Immediate Predecessor (s) |
NORMAL TIME (NT) |
CRASH TIME (CT) |
Normal Cost (NC) |
Crash Cost (CC) |
|
A |
-- |
2 |
1 |
7,000 |
10,000 |
|
B |
-- |
2 |
2 |
3,000 |
3,000 |
|
C |
A |
3 |
1 |
12,000 |
40,000 |
|
D |
B |
3 |
2 |
12,000 |
28,000 |
|
E |
C |
1 |
1 |
8,000 |
8,000 |
|
F |
D, E |
5 |
3 |
5,000 |
15,000 |
|
G |
E |
3 |
2 |
9,000 |
18,000 |
Before crashing, the project duration is _________ week(s).
The total cost of the project if we do nothing is $ __________ (round to the nearest dollar).
The minimum cost schedule is ________ week(s) (enter response as integer) .
The minimum cost schedule resulted in saving $________________ (enter response as integer).
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
