Project Management Class Examples 1) Consider the introduction of a new product described by the following activities and associated times: Activity Letter Design Prototype Test Prototype Design Package Draft Production Plan Obtain Credit Material Quotes Equipment Specs. And Tenders Purchase and Install Equipment Final Production Plan Marketing Plan Hire and Train Sales Staff Prepare Advertisement Advertising and Sales Campaign D T P DP C QP E I FP M S PA AC Immediate Predecessor None D D P None C QP, T E E, DP None M S, P PA Time (weeks) 12 8 3 6 6 9 5 8 15 5 14 4 14 Draw the PERT/CPM network, calculate the expected project completion time, and identify the critical path(s). 2) A project has the activities, precedence relationships, and activity durations (in days) shown below: Activity A B C D E F G Predecessors A B B,C D,E,F Time 4 5 3 2 3 1 5 Activity H I J K L M Predecessors D,E,F G H I J,K I Time 4 7 3 1 2 2 Draw the PERT/CPM network for the project. Calculate the expected project completion time and identify the critical path(s). 3) The following information is available regarding a project: Activity A B C D E F G a) b) Immediate Predecessors None None A B B C,D E --------------------Time (in weeks)-----------------Optimistic Likely Pessimistic 1 2 3 5 7 15 2 3 10 1 1 1 1 2 3 1 5 9 4 5 12 Calculate the expected time for each activity and identify the critical path. What is the probability of completing this project in 18 weeks or less? 4) PROJECT CRASHING AND RESOURCE LOADING The following additional information is available regarding the above project: Activity A B C D E F G a) b) c) Time (wks) (Regular) 2 8 4 1 2 5 6 Cost/week (Regular) 5000 1875 5000 7000 4000 2000 2000 Labor/week (Regular) 4 2 3 2 5 3 2 Time (wks) (Crashed) 1 5 3 1 1 3 2 Crashing cost/week 5000 2000 4000 7000 6000 6000 Identify the weekly budgetary requirements for this project assuming that all activities take their regular times. Plot the labor resource loading chart for this project assuming that all activities take their regular times. The “crashed time” given above is the minimum time required to perform the activity. For example, activity B at its maximum crashed time, will require 5 weeks to complete. We would like to complete the project in 10 weeks. Find the cheapest way of attaining this objective.