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Development of a new deluxe version of a particular software product is being considered. The activities necessary for the completion of this are listed in the table below.
Activity Normal Time Crash Time Normal Cost Crash Cost Immediate PredecessorA 4 3 2,000 2,600 -B 5 3 2,200 2,800 -C 3 3 500 500 -D 8 4 2,400 2,600 AE 6 3 900 1,200 BF 3 2 3,000 4,200 CG 4 2 1,700 2,000 D,E
(a) If you wish to reduce the time required to complete this project by two weeks, which activity(ies) should be crashed, and how much will this increase the total cost?
(b) What would be the added cost if you wanted to complete the project in the minimum time possible?
Explain what you think are the differences of profit objective between a defence contractor and an educational institution. Give examples and reasons for your choices.
You are required to submit a written assignment relating to New Product Development.
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This excerpt explains what factors might intervene between a project plan and its execution to disrupt the resources assigned to the project.
Distribution strategy and project management
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