Determine the critical path, Business Economics

Assignment Help:

S M Construction has been awarded a contract to build a new manufacturing plant just outside Cardiff. The activity on arrow table below gives data on the activities involved in the plant's construction.

The total cost in completing the project in normal time is £2 million, excluding site overheads which are £8000 per week.

Table of Activities

Activity

Normal time (weeks)

Shortest time (weeks)

Reduction costs (per week)

1-2

6

4

£7000

1-3

8

4

£8000

1-4

5

3

£3000

2-4

6

3

£5000

2-5

5

3

£4000

3-6

10

8

£15,000

4-6

8

5

£6000

5-6

6

6

-

The board of directors of the company have asked you to produce a precedence (activity on node) diagram and to determine the following:

1. The critical path using normal times, the project's total duration and the total cost of completing the project.

2. The shortest time in which the project can be completed and the associated costs.

3. The lowest cost for which the project can be completed and the corresponding time.


Related Discussions:- Determine the critical path

Elasticity of demand, Question #1 A baseball team is trying to predict tick...

Question #1 A baseball team is trying to predict ticket sales for the upcoming season. They are also considering increasing prices. The market has a population of 2 million persons

Help, Ask quethe monthly revenue of a certain comany is given by R=820p-7^2...

Ask quethe monthly revenue of a certain comany is given by R=820p-7^2p,where p is the price in dollars of the product the company manufacturers. at what price will the revenue be $

The spillover effect, QUESTION 1 i) Use a simple human capital model to...

QUESTION 1 i) Use a simple human capital model to explain the rationale for undertaking higher education ii) Why do some people vary significantly in the amounts of human ca

Wheeled coach, What is an alternative process strategy to the assembly line...

What is an alternative process strategy to the assembly line that Wheeled Coach currently uses?

Less developed countries economies grow by primary sector, Can less develop...

Can less developed countries economies grow by developing its primary sector as agriculture? Less developed countries economies can grow by developing its primary sector as ag

Forecasting Homework help, Hello, My name is Lis ... I have a homework ass...

Hello, My name is Lis ... I have a homework assignment that is due and the latest it can be submitted is on Saturday May 4th. Please let me know how much it would cost and if it''

What is conditionality, What is Conditionality? Conditionality is the ...

What is Conditionality? Conditionality is the needs imposed onto countries as pre-conditions for loans. Into crisis situations member countries seek assist from the IMF for

The garcia company''s bonds , The Garcia Company's bonds have a face value ...

The Garcia Company's bonds have a face value of $1,000, will mature in ten years, and carry a coupon rate of 16 percent. Suppose interest payments are made semi-yearly. a. Verif

Comparisons of standard of living among countries, Can national income figu...

Can national income figures be used to make comparisons of standard of living among countries? National income measures the Gross Domestic Product of country and therefore can

Write Your Message!

Captcha
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