Explaining critical path of a pert chart

Assignment Help Project Management
Reference no: EM1337984

Q1) You are the general manager of a large construction project. The contract has both financial incentives for finishing on time or early as well as large penalties if the project is completed late. You know that to get it done on time or early, project planning using a formal time line is essential.

i) In terms of creating a timeline, what is meant by the critical path of a PERT chart?

Q2) As a project manager you know that the fastest possible time a project can be completed is known as the critical path. This implies that any delay in any step of a projects critical path, will therefore delay the overall project. On a particular project, step B is part of the critical path; step C and D both are not. Assume that all of these steps, B, C, and D are at risk of being delayed due to some issue (could be lack of people, lack of materials, equipment downtime--it makes no difference).

How would the manager go about prioritizing correction of the problem existing in B, C, or D?

Should the manager address the issue in step B first, step C first, or step D first; why?

Once repair is completed in step #2, how would go you about prioritizing repairs at the other two steps?

Reference no: EM1337984

Questions Cloud

Comparing different classical cultures : Create an original table or chart compare and contrast distinguishing elements or features of early Greek and Roman cultures, including illustrative or significant examples of the various features.
Define how is the tours content and function : What technologies are used to create the experince in tours memorable?
Elucidate why changes made in supply-demand and price : Locate an article pertaining to a change in the supply, demand, and pricing of a particular product or service. Utilizing the economic theories, prepare a paper in which you summarize the article and elucidate why changes made in supply, demand, a..
Create a comprehensive list of objectives : Create a comprehensive list of objectives to measure, a sample mock-up report or graph
Explaining critical path of a pert chart : In terms of creating a timeline, what is meant by the critical path of a PERT chart?
A program on a registration application for a school : a program on A registration application for a school
Features of early greek and roman cultures : This solution briefly compares and contrasts distinguishing elements or features of early Greek and Roman cultures.
Price estimation is depends on the least cost available : The engineering approach to price estimation is depends on the least cost available technology needed to achieve a given level of abatement. The survey approach to cost estimation relies on estimated abatement expenditures obtained directly from pol..
Define the overall penetration number : Find out some reliable data telling you about the penetration of broadband service in any country. The data should indicate a breakdown of access between DSL and Cable modem service and possible other modes of high speed access and dial up connect..

Reviews

Write a Review

Project Management Questions & Answers

  Constructing a decision tree to make best decision

Current factories cannot produce these new products. Construct a decision tree to help Expando make the best decision.

  Project-s critical success factors and inherent risks

Discuss the relationship between a project's critical success factors and inherent risks.

  Determining the business ethics and leaders

What is meant by the term "business ethics?" Compare and contrast business ethics to the actions of organizational leaders at Target Corporation.

  Depreciation is based on the asset cost

Depreciation is based on the asset cost plus all of the following except:

  Transferring administrative duties-responsibilities-manager

How can having an office manager be beneficial; other than transferring administrative duties and responsibilities to a capable manager?

  Explaining ancillary monitoring attributes

What kind of reports or other ancillary monitoring attributes should be documented at project termination? Why? How?

  What do you understand by the term scheduling

What do you understand by the term Scheduling? Explain how the following ways for duration compression of a project can be achieved- Fast tracking Crashing

  Calculating company-s profit at each level of production

Calculate company's profit at each level of production. Assume that the company will sell all of its output. At what production level is profit maximized?

  Flexibility do project managers exercise in situation

How much flexibility do project managers typically exercise in situations like this?

  Changing the degree of operating leverage

How does this change the degree of operating leverage? Now recompute the operating leverage assuming that the entire ¥ 33 billion of costs are fixed.

  Describe the features or characteristics of product

Describe the features or characteristics of your product or service.

  Different strategies for managing conflict

Different people have different strategies for managing conflict. What is your opinion on how this negotiation will end?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd