EXERCISE Draw the network diagram. a. Activity Name A B C D E F G H

Size: px
Start display at page:

Download "EXERCISE Draw the network diagram. a. Activity Name A B C D E F G H"

Transcription

1 XRIS. What do you mean by network analysis? xplain with counter examples.. What are the basic differences between PM and PRT analysis of project work?. State the rule of constructing the network diagram.. escribe dummy variable and the conditions in which a dummy variable is inevitable?. What is critical path? State the necessary and sufficient conditions of a critical path. an a project have multiple critical paths?. escribe the PM with suitable examples. In what type of project work PM is used?. Write short note on PRT. escribe the different types of time estimate used in PRT.. efine earliest time and latest time of an activity. How is slack time calculated? 9. What do you understand by a cost slope?. escribe the process of project crashing? When is project crashing needed?. raw the network diagram. a. ctivity Name G H b. ctivity Name G H I c. ctivity G H Predecessor,, G d. ctivity G H I J Predecessor, G H e. ctivity G H I Predecessor,, G f. ctivity G H I Predecessor,, G

2 g. ctivity G H I J K Predecessor, H, H G h. ctivity G H I J Predecessor, G, H G, H i. ctivity G H I J K L Predecessor,, G, H J, K j. ctivity G H I J Predecessor,,, G, H I. raw network diagram. ind the critical path and critical activities. lso determine the minimum time duration required to complete the project. ctivity G H I J K Predecessor, H G, J Time in days. ind the time duration of the project by using following information: ctivity G H Predecessor,,, G Time in weeks. The table given below gives the information about the activities, their predecessors and time duration required to complete the activities of the project. ctivity G H I J K L Predecessor,,, H I, J G Time in days 0 0 ind the time duration of the project and bottleneck activities.. The following activities must be completed in order to complete the project. etermine critical path and time duration of the project. ctivity G H I J Predecessor,,, G, H I Time (in week) 9

3 . The following activities must be completed in order to complete the project. etermine critical path and time duration of the project. ctivity 0 Time in days. work project consists of twelve activities labeled through L. Upon being asked to specify the order in which the jobs had to be done, the manager answered as follows:,, and are the first activities of the project and can start simultaneously and immediately; and precede while precedes,, and H. ctivities and precede G while and H precede I and J.,, and J precede K which, in turn, precedes L. urther, I, G, and L are the terminal activities of the project. ctivity: G H I J K L Time in days 9 a. raw a network diagram corresponding to this project. b. Obtain the lengths of all the paths and determine critical path.. project consists of nine activities. The information regarding to the predecessors and time duration required to complete an activity is given below. ind S,, LS, L and slack (float) time for each activity and determine the critical path on the basis of slack time of the activities. lso find the time duration of the project. ctivity G H I Predecessor,,, H Time in days 9 9. The following activities must be completed in order to complete the project. etermine critical path and time duration of the project on the basis of float time of the activities. ctivity G H I J Predecessor,,, G, H I Time (in days) 9. project consists of nine activities whose time estimates (in weeks) and other characteristics are given below: ctivities G H I Preceding activities,,, Optimistic time 9 Most likely time Pessimistic time 9

4 Identify the critical activities and critical path. lso show that the slack time of the critical activities is zero.. The owner of a hinese fast food restaurant is considering a new computer system for accounting and inventory control. computer company sent the following information about the computer system installation: ctivities G H I Preceding activities, G, H Optimistic time Most likely time 0 9 Pessimistic time a. onstruct network diagram for the project. b. etermine the critical path and compute the expected completion time. c. etermine the probability of completing the project in days.. The data for a PRT network is given in the following table: ctivities a 9 m b 9 a. raw a network and identify the critical path with bottleneck activities. b. stimate the expected duration of the project and corresponding variance. c. What is the probability that the project duration will not exceed 0 days? d. What is the probability that the project duration will exceed 0 days? d. What is the chance of completing the project between and days? e. What is the probability of completing the project within 0 days?. Given the following information: ctivity Nodes Time stimates (weeks) Optimistic Pessimistic xpected 0 9 9

5 G H I J K L a. raw the project network. Obtain the standard deviation of completion time of each activity. b. alculate expected duration of the project and its standard deviation. c. ind the probability that the project will be completed in weeks. d. If the project manager wants to be 90 per cent sure that the project should be completed in time, how many weeks prior to the deadline should he start it?. construction company is preparing a PRT network for laying the foundation of a new art museum. Given the following set of activities, their predecessor requirements and three time estimates of completion time: ctivity Predecessors Time estimates (weeks) Optimistic Pessimistic Most likely G H I J K None None,, G I H 9 a. raw the PRT network. b. What is the probability that the project will be completed in 0 weeks? c. What would be the scheduled time for the project if the project manager wants to be 99% sure for completing the project within it? d. The contract specified a Rs,000 penalty for each week if the completion of the project extends beyond weeks. What is the probability that this company will have to pay (i) a penalty? (ii) The penalty of at least Rs., 000? (iii) Maximum penalty of Rs,000? 9

6 . The estimates of a project to be completed at the shortest possible time are urgently required. Make use of the given information and following questions: ctivity Predecessors Normal Time rash Time Normal ost rash ost,, a. raw the network and determine the critical path with normal time. b. What is the shortest duration by which the project can be completed? c. If the indirect costs are Rs. 0 per day, what is the optimal duration of the project?. The following table shows, for each activity of a project, the normal and crash times as also the normal and crash costs. The indirect cost is Rs. 0 per day. ctivity Preceding ctivity Time (in weeks) ost (in Rs) Normal rash Normal rash G H I None None,, G,000 00,000,000,000,000,00,00,000 9,000,000,000,000 9,000,000,00,00,000 a. raw a project network diagram and find the critical path. b. If a deadline of weeks is imposed for completion of the project, what activities will be crashed, what would be the additional costs, and what would be the critical activities of the network after crashing?. The following table shows, for each activity of a project, the normal and crash times as also the normal and crash costs. The contract includes a penalty clause of Rs. 00 per day in excess of 9 days. The overhead cost is Rs. 00 per day.

7 ctivity Time (days) ost (Rs) Normal rash Normal rash () () () () () () (G) (H) ,000,00,00 0,000,000, a. raw the project network and determine the critical path. b. ind the cost of completing the project in normal time. c. rash the project activities and determine the cost of completing the project in the minimum time. d. What is the optimal duration of the project and what is the cost involved?. small project is having seven activities. The relevant data about these activities is given below: ctivity Predecessor Normal duration (days) rash duration (days) Normal cost (Rs) rash cost (Rs) G,,, ,000,000,00,00 a. ind out the normal duration and the minimum duration. b. What is the percentage increase in cost to complete the project in days? Hints: 00/00 = 0. =.% c. What will be the total cost of the project in shortest time duration?

8 9. The following table gives the activities in a construction project and other relevant information. ctivity Immediate predecessors Time (months) ost (Rs.) Normal rash Normal rash G,, The indirect of the project varies as follows: Months 9 ost in Rs (a) raw a network diagram for the project. (b) etermine the project duration which will result in minimum total project cost.

9 NSWR. ritical path: G K, ritical activity:, G & K, Project duration = 0 days.. ritical path: G H, Project duration = weeks.. ritical path: H I K, ritical activity:,, H, I and K, uration = 0 days.. ritical path: dummy dummy H I J. Project duration = weeks.. ritical path: 0. Project duration = days.. ritical paths: G and H J K L. Project duration = days.. ritical path: H I, ritical activity:,, H and I, Project duration = days. 9. ritical path: dummy dummy G I J. Project duration = days.. ritical path: H, ritical activity:,, and H. Project duration = weeks.. (b) ritical path: G I and Project duration = days. (c) (a) ritical path:, ritical activity:,,, (b) project duration is days and variance =. days. (c) 0.9 (d) 0.0 (e) 0. (f) (b) ritical path: K L, Project duration = weeks and S.. =. weeks. (c) 0.99 (d). weeks.. (b) 0.0 (c). weeks (d) (i) 0. (ii) 0. (iii) (a) ritical path:, Normal time = days (b) Minimum time = days (c) optimum time = days with minimum cost = Rs.,00. (a) ritical path: H (b),, and H should be crashed by,, and weeks respectively. dditional cost is Rs.,00. fter crashing, critical activity:,,, and H.. (a) ritical path: H (b) Rs.,0 (c) Rs.,00 (d) 9 days with cost Rs.,00. (a) days, days (b). % (c) Rs. 00 for days. 9. months with cost Rs. 9.

CIV E 710 Sample Exam Questions. Activity a m b A B C D E F G H I B 80 Mhrs.

CIV E 710 Sample Exam Questions. Activity a m b A B C D E F G H I B 80 Mhrs. 1 IV 710 Sample xam Questions Question 1: a) The optimistic, most likely, and pessimistic durations for the activities in the small project shown are in the following table. What is the probability of

More information

Lecture 5: Project Management

Lecture 5: Project Management Lecture 5: Management organization structure ritical path method (PM) Time/cost tradeoff PM with three activity it time estimates t Readings: hapter 10 Management series of related jobs usually directed

More information

Network Analysis Basic Components. The Other View. Some Applications. Continued. Goal of Network Analysis. RK Jana

Network Analysis Basic Components. The Other View. Some Applications. Continued. Goal of Network Analysis. RK Jana Network nalysis RK Jana asic omponents ollections of interconnected linear forms: Lines Intersections Regions (created by the partitioning of space by the lines) Planar (streets, all on same level, vertices

More information

Project Management. Chapter 2 DISCUSSION QUESTIONS

Project Management. Chapter 2 DISCUSSION QUESTIONS hapter Project Management ISUSSION QUSTIONS 1. Software is an essential element for successful management of complex projects. It can provide information on completion performance of critical activities,

More information

A convenient analytical and visual technique of PERT and CPM prove extremely valuable in assisting the managers in managing the projects.

A convenient analytical and visual technique of PERT and CPM prove extremely valuable in assisting the managers in managing the projects. Introduction Any project involves planning, scheduling and controlling a number of interrelated activities with use of limited resources, namely, men, machines, materials, money and time. The projects

More information

Project Planning. Identifying the Work to Be Done. Gantt Chart. A Gantt Chart. Given: Activity Sequencing Network Diagrams

Project Planning. Identifying the Work to Be Done. Gantt Chart. A Gantt Chart. Given: Activity Sequencing Network Diagrams Project Planning Identifying the Work to Be Done Activity Sequencing Network Diagrams Given: Statement of work written description of goals work & time frame of project Work Breakdown Structure Be able

More information

Project Management. Chapter 2. Copyright 2013 Pearson Education, Inc. publishing as Prentice Hall

Project Management. Chapter 2. Copyright 2013 Pearson Education, Inc. publishing as Prentice Hall Project Management Chapter 2 02-0 1 What is a Project? Project An interrelated set of activities with a definite starting and ending point, which results in a unique outcome for a specific allocation of

More information

Project Management. Project Mangement. ( Notes ) For Private Circulation Only. Prof. : A.A. Attarwala.

Project Management. Project Mangement. ( Notes ) For Private Circulation Only. Prof. : A.A. Attarwala. Project Mangement ( Notes ) For Private Circulation Only. Prof. : A.A. Attarwala. Page 1 of 380 26/4/2008 Syllabus 1. Total Project Management Concept, relationship with other function and other organizations,

More information

Lecture 3 Project Scheduling

Lecture 3 Project Scheduling B10 Lecture Project Scheduling Omar El-Anwar, PhD, PMP Network alculations The purpose of conducting network calculations is to know more about the scheduling of activities: When will each activity start?

More information

Optimization Prof. A. Goswami Department of Mathematics Indian Institute of Technology, Kharagpur. Lecture - 18 PERT

Optimization Prof. A. Goswami Department of Mathematics Indian Institute of Technology, Kharagpur. Lecture - 18 PERT Optimization Prof. A. Goswami Department of Mathematics Indian Institute of Technology, Kharagpur Lecture - 18 PERT (Refer Slide Time: 00:56) In the last class we completed the C P M critical path analysis

More information

CHAPTER 9: PROJECT MANAGEMENT

CHAPTER 9: PROJECT MANAGEMENT CHAPTER 9: PROJECT MANAGEMENT The aim is to coordinate and plan a single job consisting lots of tasks between which precedence relationships exist Project planning Most popular planning tools are utilized

More information

UNIT-II Project Organization and Scheduling Project Element

UNIT-II Project Organization and Scheduling Project Element UNIT-II Project Organization and Scheduling Project Element Five Key Elements are Unique. Projects are unique, one-of-a-kind, never been done before. Start and Stop Date. Projects must have a definite

More information

IE 102 Spring Project Management

IE 102 Spring Project Management IE 102 Spring 2018 Project Management 1 Management of Projects Planning - goal setting, defining the project, team organization Scheduling - relates people, money, and supplies to specific activities and

More information

Project Management Techniques (PMT)

Project Management Techniques (PMT) Project Management Techniques (PMT) Critical Path Method (CPM) and Project Evaluation and Review Technique (PERT) are 2 main basic techniques used in project management. Example: Construction of a house.

More information

A STUDY OF THE BASIC CONCEPT OF CRASHING CPM NETWORK USING DERIVATIVE MARGINAL COST IN LINEAR PROGRAMMING

A STUDY OF THE BASIC CONCEPT OF CRASHING CPM NETWORK USING DERIVATIVE MARGINAL COST IN LINEAR PROGRAMMING ISSN : 98-X STUDY OF THE BSI ONEPT OF RSHING PM NETWORK USING DERIVTIVE MRGINL OST IN LINER PROGRMMING Ismail H. srul tma Jaya atholic University, Jakarta, Indonesia ismael.aaron@gmail.com BSTRT For crashing

More information

VALLIAMMAI ENGINEERING COLLEGE

VALLIAMMAI ENGINEERING COLLEGE VALLIAMMAI ENGINEERING COLLEGE SRM Nagar, Kattankulathur 603 203 DEPARTMENT OF CIVIL ENGINEERING QUESTION BANK VI SEMESTER CE6005 CONSTRUCTION PLANNING AND SCHEDULING Regulation 2013 Academic Year 2017

More information

Project Planning. Jesper Larsen. Department of Management Engineering Technical University of Denmark

Project Planning. Jesper Larsen. Department of Management Engineering Technical University of Denmark Project Planning jesla@man.dtu.dk Department of Management Engineering Technical University of Denmark 1 Project Management Project Management is a set of techniques that helps management manage large-scale

More information

NPV Method. Payback Period

NPV Method. Payback Period 1. Why the payback method is often considered inferior to discounted cash flow in capital investment appraisal? A. It does not take account of the time value of money B. It does not calculate how long

More information

Teori Pengambilan Keputusan. Week 12 Project Management

Teori Pengambilan Keputusan. Week 12 Project Management Teori Pengambilan Keputusan Week 1 Project Management Project Management Program Evaluation and Review Technique (PERT) Critical Path Method (CPM) PERT and CPM Network techniques Developed in 195 s CPM

More information

Textbook: pp Chapter 11: Project Management

Textbook: pp Chapter 11: Project Management 1 Textbook: pp. 405-444 Chapter 11: Project Management 2 Learning Objectives After completing this chapter, students will be able to: Understand how to plan, monitor, and control projects with the use

More information

INSE 6230 Total Quality Project Management Winter 2018 Quiz I. Max : 70 points. This is a closed book exam. Answer all the questions in the booklet.

INSE 6230 Total Quality Project Management Winter 2018 Quiz I. Max : 70 points. This is a closed book exam. Answer all the questions in the booklet. . Surname, given names: Student Number: INSE 6230 Total Quality Project Management Winter 2018 Quiz I. Max : 70 points This is a closed book exam. Answer all the questions in the booklet. Ensure that your

More information

PROJECT MANAGEMENT CPM & PERT TECHNIQUES

PROJECT MANAGEMENT CPM & PERT TECHNIQUES PROJECT MANAGEMENT CPM & PERT TECHNIQUES FLOW OF PRESENTATION INTRODUCTION NETWORK PLANNING ESTIMATING TIME CPM PERT Project Management Project A project is an interrelated set of activities that has a

More information

Outline. Global Company Profile: Bechtel Group. The Importance of Project Management Project Planning Project Scheduling Project Controlling

Outline. Global Company Profile: Bechtel Group. The Importance of Project Management Project Planning Project Scheduling Project Controlling Project Management Outline Global Company Profile: Bechtel Group The Importance of Project Management Project Planning Project Scheduling Project Controlling Outline - Continued Project Management Techniques:

More information

CISC 322 Software Architecture

CISC 322 Software Architecture CISC 22 Software Architecture Project Scheduling (PERT/CPM) Ahmed E. Hassan (Edited For Course Presentation, 206) Project A project is a temporary endeavour undertaken to create a "unique" product or service

More information

SCHEDULE CREATION AND ANALYSIS. 1 Powered by POeT Solvers Limited

SCHEDULE CREATION AND ANALYSIS. 1   Powered by POeT Solvers Limited SCHEDULE CREATION AND ANALYSIS 1 www.pmtutor.org Powered by POeT Solvers Limited While building the project schedule, we need to consider all risk factors, assumptions and constraints imposed on the project

More information

Project Management Professional (PMP) Exam Prep Course 06 - Project Time Management

Project Management Professional (PMP) Exam Prep Course 06 - Project Time Management Project Management Professional (PMP) Exam Prep Course 06 - Project Time Management Slide 1 Looking Glass Development, LLC (303) 663-5402 / (888) 338-7447 4610 S. Ulster St. #150 Denver, CO 80237 information@lookingglassdev.com

More information

1 of 14 4/27/2009 7:45 AM

1 of 14 4/27/2009 7:45 AM 1 of 14 4/27/2009 7:45 AM Chapter 7 - Network Models in Project Management INTRODUCTION Most realistic projects that organizations like Microsoft, General Motors, or the U.S. Defense Department undertake

More information

Project Management Chapter 13

Project Management Chapter 13 Lecture 12 Project Management Chapter 13 Introduction n Managing large-scale, complicated projects effectively is a difficult problem and the stakes are high. n The first step in planning and scheduling

More information

CHAPTER 5 STOCHASTIC SCHEDULING

CHAPTER 5 STOCHASTIC SCHEDULING CHPTER STOCHSTIC SCHEDULING In some situations, estimating activity duration becomes a difficult task due to ambiguity inherited in and the risks associated with some work. In such cases, the duration

More information

Real-World Project Management. Chapter 15

Real-World Project Management. Chapter 15 Real-World Project Chapter 15 Characteristics of Project Unique one-time focus Difficulties arise from originality Subject to uncertainties Unexplained or unplanned events often arise, affecting resources,

More information

UNIVERSITY OF BOLTON SCHOOL OF ENGINEERING. MSc CIVIL ENGINEERING MSc CONSTRUCTION PROJECT MANAGEMENT SEMESTER ONE EXAMINATION 2017/2018

UNIVERSITY OF BOLTON SCHOOL OF ENGINEERING. MSc CIVIL ENGINEERING MSc CONSTRUCTION PROJECT MANAGEMENT SEMESTER ONE EXAMINATION 2017/2018 ENG026 UNIVERSITY OF BOLTON SCHOOL OF ENGINEERING MSc CIVIL ENGINEERING MSc CONSTRUCTION PROJECT MANAGEMENT SEMESTER ONE EXAMINATION 2017/2018 PROJECT MANAGEMENT MODULE NO: CPM7002 Date: 15 January 2018

More information

SSC-JE STAFF SELECTION COMMISSION CIVIL ENGINEERING STUDY MATERIAL ESTIMATING, COSTING AND VALUATION

SSC-JE STAFF SELECTION COMMISSION CIVIL ENGINEERING STUDY MATERIAL ESTIMATING, COSTING AND VALUATION 1 ` SSC-JE STAFF SELECTION COMMISSION CIVIL ENGINEERING STUDY MATERIAL SSC-JE Civil Engineering 2 Estimating, Costing and Valuation : Estimate, Glossary of technical terms, Analysis of rates, Methods and

More information

NETWORK ANALYSIS QUESTION BANK

NETWORK ANALYSIS QUESTION BANK NETWORK ANALYSIS QUESTION BANK 1. Explain the terms : Total elapsed time, idle time. 2. What do you mean by dummy activity and successor activity. 3. Write four advantages of network analysis. 4. Explain

More information

Chapter 11: PERT for Project Planning and Scheduling

Chapter 11: PERT for Project Planning and Scheduling Chapter 11: PERT for Project Planning and Scheduling PERT, the Project Evaluation and Review Technique, is a network-based aid for planning and scheduling the many interrelated tasks in a large and complex

More information

Introduction. Introduction. Six Steps of PERT/CPM. Six Steps of PERT/CPM LEARNING OBJECTIVES

Introduction. Introduction. Six Steps of PERT/CPM. Six Steps of PERT/CPM LEARNING OBJECTIVES Valua%on and pricing (November 5, 2013) LEARNING OBJECTIVES Lecture 12 Project Management Olivier J. de Jong, LL.M., MM., MBA, CFD, CFFA, AA www.olivierdejong.com 1. Understand how to plan, monitor, and

More information

Program Evaluation and Review Techniques (PERT) Critical Path Method (CPM):

Program Evaluation and Review Techniques (PERT) Critical Path Method (CPM): Program Evaluation and Review Techniques (PERT) Critical Path Method (CPM): A Rough Guide by Andrew Scouller PROJECT MANAGEMENT Project Managers can use project management software to keep track of the

More information

Homework solutions, Chapter 8

Homework solutions, Chapter 8 Homework solutions, Chapter 8 NOTE: We might think of 8.1 as being a section devoted to setting up the networks and 8.2 as solving them, but only 8.2 has a homework section. Section 8.2 2. Use Dijkstra

More information

Chapter 9: Reducing Project Duration 4KF3

Chapter 9: Reducing Project Duration 4KF3 Lecture Notes Options for Accelerating Project Completion Unconstrained Resources o Adding resources o Outsourcing o Overtime o Core project team o Do it twice Constrained Resources o Fast-tracking o Critical-chain

More information

Reducing Project Duration

Reducing Project Duration CHAPTER NINE Reducing Project Duration McGraw-Hill/Irwin Copyright 2011 by The McGraw-Hill Companies, Inc. All rights reserved. Rationale for Reducing Project Duration Time Is Money: Cost-Time Tradeoffs

More information

SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME END SEMESTER EXAMINATION JULY 2016

SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME END SEMESTER EXAMINATION JULY 2016 All Rights Reserved No. of Pages - 10 No of Questions - 06 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME END SEMESTER EXAMINATION JULY 2016 MGT 30725 Project

More information

06IP/IM74 OPERATIONS RESEARCH

06IP/IM74 OPERATIONS RESEARCH 06IP/IM74 OPERATIONS RESEARCH UNIT - 6: PROJECT MANAGEMENT USING NETWORK ANALYSIS (By Dr.G.N.MOHAN BABU, Prof & HOD (I&P Engg), MCE, Hassan 573 021) LEARNING OBJECTIVES OF THE MODULE: By the end of this

More information

After complete studying this chapter, You should be able to

After complete studying this chapter, You should be able to Chapter 10 Project Management Ch10: What Is Project Management? After complete studying this chapter, You should be able to Define key terms like Project, Project Management, Discuss the main characteristics

More information

Programme Evaluation and Review Technique

Programme Evaluation and Review Technique 15 Programme Evaluation and Review Technique LEARNING OBJECTIVES : After studying this chapter, you will be able to : l l l l l l l l l Explain generic term network analysis and such related terms as Critical

More information

Appendix A Decision Support Analysis

Appendix A Decision Support Analysis Field Manual 100-11 Appendix A Decision Support Analysis Section I: Introduction structure development, and facilities. Modern quantitative methods can greatly facilitate this Complex decisions associated

More information

Activity Predecessors Durations (days) a - 3 b a 4 c a 5 d a 4 e b 2 f d 9 g c, e 6 h f, g 2

Activity Predecessors Durations (days) a - 3 b a 4 c a 5 d a 4 e b 2 f d 9 g c, e 6 h f, g 2 CHAPTER 11 INDUSTRIAL ENGINEERING YEAR 2012 ONE MARK MCQ 11.1 Which one of the following is NOT a decision taken during the aggregate production planning stage? (A) Scheduling of machines (B) Amount of

More information

Programme Evaluation and Review Techniques (PERT) And Critical Path Method (CPM) By K.K. Bandyopadhyay. August 2001

Programme Evaluation and Review Techniques (PERT) And Critical Path Method (CPM) By K.K. Bandyopadhyay. August 2001 Programme Evaluation and Review Techniques (PERT) And Critical Path Method (CPM) By K.K. Bandyopadhyay August 2001 Participatory Research In Asia Introduction Programme Evaluation and Review Technique

More information

Construction Management

Construction Management Construction Management 1. Which one of the following represents an activity A. excavation for foundation B. curing of concrete C. setting of question paper D. preparation of breakfast 2. Pick up the incorrect

More information

Probabilistic Completion Time in Project Scheduling Min Khee Chin 1, Sie Long Kek 2, Sy Yi Sim 3, Ta Wee Seow 4

Probabilistic Completion Time in Project Scheduling Min Khee Chin 1, Sie Long Kek 2, Sy Yi Sim 3, Ta Wee Seow 4 Probabilistic Completion Time in Project Scheduling Min Khee Chin 1, Sie Long Kek 2, Sy Yi Sim 3, Ta Wee Seow 4 1 Department of Mathematics and Statistics, Universiti Tun Hussein Onn Malaysia 2 Center

More information

MODULE: INTRODUCTION TO PROJECT MANAGEMENT / PROJECT MANAGEMENT

MODULE: INTRODUCTION TO PROJECT MANAGEMENT / PROJECT MANAGEMENT Programme BA (Hons) Fashion and Textiles (Top-Up) BA (Hons) Graphic Design with Animation (Top-Up) BA (Hons) Interior Design Cohort FDI- BFT(TP)/14B/PT FDI- BGDA(TP)/14B/PT FDI-BAID/13B/FT Examinations

More information

CHAPTER 6 CRASHING STOCHASTIC PERT NETWORKS WITH RESOURCE CONSTRAINED PROJECT SCHEDULING PROBLEM

CHAPTER 6 CRASHING STOCHASTIC PERT NETWORKS WITH RESOURCE CONSTRAINED PROJECT SCHEDULING PROBLEM CHAPTER 6 CRASHING STOCHASTIC PERT NETWORKS WITH RESOURCE CONSTRAINED PROJECT SCHEDULING PROBLEM 6.1 Introduction Project Management is the process of planning, controlling and monitoring the activities

More information

NODIA AND COMPANY. GATE SOLVED PAPER Mechanical Engineering Industrial Engineering. Copyright By NODIA & COMPANY

NODIA AND COMPANY. GATE SOLVED PAPER Mechanical Engineering Industrial Engineering. Copyright By NODIA & COMPANY No part of this publication may be reproduced or distributed in any form or any means, electronic, mechanical, photocopying, or otherwise without the prior permission of the author. GATE SOLVED PAPER Mechanical

More information

A UNIT BASED CRASHING PERT NETWORK FOR OPTIMIZATION OF SOFTWARE PROJECT COST PRITI SINGH, FLORENTIN SMARANDACHE, DIPTI CHAUHAN, AMIT BHAGHEL

A UNIT BASED CRASHING PERT NETWORK FOR OPTIMIZATION OF SOFTWARE PROJECT COST PRITI SINGH, FLORENTIN SMARANDACHE, DIPTI CHAUHAN, AMIT BHAGHEL A UNIT BASED CRASHING PERT NETWORK FOR OPTIMIZATION OF SOFTWARE PROJECT COST PRITI SINGH, FLORENTIN SMARANDACHE, DIPTI CHAUHAN, AMIT BHAGHEL Abstract: Crashing is a process of expediting project schedule

More information

Subject O Basic of Operation Research (D-01) Date O 20/04/2011 Time O 11.00 to 02.00 Q.1 Define Operation Research and state its relation with decision making. (14) What are the opportunities and short

More information

PROJECT MANAGEMENT: PERT AMAT 167

PROJECT MANAGEMENT: PERT AMAT 167 PROJECT MANAGEMENT: PERT AMAT 167 PROBABILISTIC TIME ESTIMATES We need three time estimates for each activity: Optimistic time (t o ): length of time required under optimum conditions; Most likely time

More information

Project Management -- Developing the Project Plan

Project Management -- Developing the Project Plan Project Management -- Developing the Project Plan Dr. Tai-Yue Wang Department of Industrial and Information Management National Cheng Kung University Tainan, TAIWAN, ROC 1 Where We Are Now 6 2 Developing

More information

INSE 6230: Assignment 1 - Winter (0% of final grade) 1. The table below provides information about a short IT project.

INSE 6230: Assignment 1 - Winter (0% of final grade) 1. The table below provides information about a short IT project. INSE 6230: Assignment - Winter 208 (0% of final grade). The table below provides information about a short IT project. Activity Predecessors Duration (Months) A - 2 B - 3 C A 4 D A, B 2 E D 2 F B, C, E

More information

Roll No. :... Invigilator s Signature :.. CS/B.TECH(IT)/SEM-5/M(CS)-511/ OPERATIONS RESEARCH AND OPTIMIZATION TECHNIQUES

Roll No. :... Invigilator s Signature :.. CS/B.TECH(IT)/SEM-5/M(CS)-511/ OPERATIONS RESEARCH AND OPTIMIZATION TECHNIQUES Name : Roll No. :.... Invigilator s Signature :.. CS/B.TECH(IT)/SEM-5/M(CS)-511/2011-12 2011 OPERATIONS RESEARCH AND OPTIMIZATION TECHNIQUES Time Allotted : 3 Hours Full Marks : 70 The figures in the margin

More information

DISCLAIMER. The Institute of Chartered Accountants of India

DISCLAIMER. The Institute of Chartered Accountants of India DISCLAIMER The Suggested Answers hosted in the website do not constitute the basis for evaluation of the students answers in the examination. The answers are prepared by the Faculty of the Board of Studies

More information

Impacting the Bottom Line. Cost Reduction: Planning & Control. Bottom Line (costs) A = Costs (what we expend) B = Revenue, sales (what we generate)

Impacting the Bottom Line. Cost Reduction: Planning & Control. Bottom Line (costs) A = Costs (what we expend) B = Revenue, sales (what we generate) Cost Reduction: Planning & Control Break Even Point & Decision Tree Analysis (l.u. 4/2/13) Impacting the Bottom Line Calls for an understanding of: Variation Waste & Value Investments (time, capital, resources,

More information

An Application of Mathematical Model to Time-cost Trade off Problem (Case Study)

An Application of Mathematical Model to Time-cost Trade off Problem (Case Study) Australian Journal of Basic and Applied Sciences, 5(7): 208-214, 2011 ISSN 1991-8178 An Application of Mathematical Model to Time-cost Trade off Problem (ase Study) 1 Amin Zeinalzadeh 1 Tabriz Branch,

More information

Indirect cost associated with project increases linearly with project duration. A typical line for indirect cost is shown in figure above.

Indirect cost associated with project increases linearly with project duration. A typical line for indirect cost is shown in figure above. CPM Model The PERT model was developed for project characterized by uncertainty and the CPM model was developed for projects which are relatively risk-free. While both the approached begin with the development

More information

Project Time-Cost Trade-Off

Project Time-Cost Trade-Off Project Time-Cost Trade-Off 7.1 Introduction In the previous chapters, duration of activities discussed as either fixed or random numbers with known characteristics. However, activity durations can often

More information

Project Management Fundamentals

Project Management Fundamentals Project Management Fundamentals Course No: B04-003 Credit: 4 PDH Najib Gerges, Ph.D., P.E. Continuing Education and Development, Inc. 9 Greyridge Farm Court Stony Point, NY 10980 P: (877) 322-5800 F: (877)

More information

PASS4TEST. IT Certification Guaranteed, The Easy Way! We offer free update service for one year

PASS4TEST. IT Certification Guaranteed, The Easy Way!  We offer free update service for one year PASS4TEST IT Certification Guaranteed, The Easy Way! \ We offer free update service for one year Exam : PMI-SP Title : PMI Scheduling Professional Vendors : PMI Version : DEMO Get Latest & Valid PMI-SP

More information

WHY ARE PROJECTS ALWAYS LATE?

WHY ARE PROJECTS ALWAYS LATE? WHY ARE PROJECTS ALWAYS LATE? (what can the Project Manager DO about that?) Craig Henderson, MBA, PMP ARVEST Bank Operations Introduction PM Basics FIO GID KISS (Figure it out) (Get it done) (Keep it simple,

More information

UNIVERSITY OF SWAZILAND FACULTY OF COMMERCE DEPARTMENT OF BUSINESS ADMINISTRATION FINAL EXAMINATION PAPER MAY 2016 ROJECT MANAGEMENT THREE [3] HOURS

UNIVERSITY OF SWAZILAND FACULTY OF COMMERCE DEPARTMENT OF BUSINESS ADMINISTRATION FINAL EXAMINATION PAPER MAY 2016 ROJECT MANAGEMENT THREE [3] HOURS UNIVERSITY OF SWAZILAND FACULTY OF COMMERCE DEPARTMENT OF BUSINESS ADMINISTRATION FINAL EXAMINATION PAPER MAY 2016 TITLE OF PAPER ROJECT MANAGEMENT COURSE CODE BA303 FULL TIME STUDENTS TIME ALLOCATED TOTAL

More information

Cost Reduction: Planning & Control. Impacting the Bottom Line

Cost Reduction: Planning & Control. Impacting the Bottom Line Cost Reduction: Planning & Control Break Even Point & Decision Tree Analysis (l.u. 4/2/11) Impacting the Bottom Line Calls for an understanding of: Variation Waste & Value Investments (time, capital, resources,

More information

PROJECT MANAGEMENT COURSE 5: PROJECT TIME MANAGEMENT. G.N. Sandhy Widyasthana

PROJECT MANAGEMENT COURSE 5: PROJECT TIME MANAGEMENT. G.N. Sandhy Widyasthana PROJECT MANAGEMENT COURSE 5: PROJECT TIME MANAGEMENT G.N. Sandhy Widyasthana widyasthana@gmail.com 022 70702020 081 225 702020 1 2 3 Process of identifying the specific actions to be performed to produce

More information

6/7/2018. Overview PERT / CPM PERT/CPM. Project Scheduling PERT/CPM PERT/CPM

6/7/2018. Overview PERT / CPM PERT/CPM. Project Scheduling PERT/CPM PERT/CPM /7/018 PERT / CPM BSAD 0 Dave Novak Summer 018 Overview Introduce PERT/CPM Discuss what a critical path is Discuss critical path algorithm Example Source: Anderson et al., 01 Quantitative Methods for Business

More information

PROJECT MANAGEMENT. Trying to manage a project without project management is like trying to play a football game without a game plan

PROJECT MANAGEMENT. Trying to manage a project without project management is like trying to play a football game without a game plan PROJECT MANAGEMENT Trying to manage a project without project management is like trying to play a football game without a game plan K. Tate (Past Board Member, PMI). Brad Fink 28 February 2013 Executive

More information

56:171 Operations Research Midterm Examination Solutions PART ONE

56:171 Operations Research Midterm Examination Solutions PART ONE 56:171 Operations Research Midterm Examination Solutions Fall 1997 Answer both questions of Part One, and 4 (out of 5) problems from Part Two. Possible Part One: 1. True/False 15 2. Sensitivity analysis

More information

CHAPTER 5. Project Scheduling Models

CHAPTER 5. Project Scheduling Models CHAPTER 5 Project Scheduling Models 1 5.1 Introduction A project is a collection of tasks that must be completed in minimum time or at minimal cost. Objectives of Project Scheduling Completing the project

More information

International Project Management. prof.dr MILOŠ D. MILOVANČEVIĆ

International Project Management. prof.dr MILOŠ D. MILOVANČEVIĆ International Project Management prof.dr MILOŠ D. MILOVANČEVIĆ Project time management Project cost management Time in project management process Time is a valuable resource. It is also the scarcest. Time

More information

Project Management and Cost Control

Project Management and Cost Control Project Management and Cost Control What is Project Management Build A A Done Build B B Done Build C JAN FEB MAR APR MAY JUN C Done Build D On time! Ship Unique, one-time operations designed to accomplish

More information

56:171 Operations Research Midterm Examination October 25, 1991 PART ONE

56:171 Operations Research Midterm Examination October 25, 1991 PART ONE 56:171 O.R. Midterm Exam - 1 - Name or Initials 56:171 Operations Research Midterm Examination October 25, 1991 Write your name on the first page, and initial the other pages. Answer both questions of

More information

M G T 2251 Management Science. Exam 3

M G T 2251 Management Science. Exam 3 M G T 2251 Management Science Exam 3 Professor Chang November 8, 2012 Your Name (Print): ID#: Read each question carefully before you answer. Work at a steady pace, and you should have ample time to finish.

More information

Problem 1 Food Manufacturing. The final product sells for $150 per ton.

Problem 1 Food Manufacturing. The final product sells for $150 per ton. Problem 1 Food Manufacturing A food is manufactured by refining raw oils and blending them together. The raw oils come in two categories, and can be bought for the following prices per ton: vegetable oils

More information

If you have a question during any portion of this exam, raise your hand and speak to the proctor. Write legibly.

If you have a question during any portion of this exam, raise your hand and speak to the proctor. Write legibly. CE167: Engineering Project Management Spring 2007 Professor William Ibbs MIDTERM 2 SOLUTION Date: April 26, 2007 General Instructions All work is to be completed in a bluebook answers not recorded in a

More information

GPE engineering project management. Project Management in an Engineering Context

GPE engineering project management. Project Management in an Engineering Context GPE engineering project management Project Management in an Engineering Context Network diagrams in context PM SOW CHARTER SCOPE DEFINITION WBS circulation, negotiation, translation WBS WP à activities

More information

Paper 1.2. Financial Information for Management PART 1 FRIDAY 10 DECEMBER 2004 QUESTION PAPER. Time allowed 3 hours

Paper 1.2. Financial Information for Management PART 1 FRIDAY 10 DECEMBER 2004 QUESTION PAPER. Time allowed 3 hours Financial Information for Management PRT 1 FRIY 10 EEMER 2004 QUESTION PPER Time allowed 3 hours This paper is divided into two sections Section LL 25 questions are compulsory and MUST be answered Paper

More information

Formulas to Know for EXAM

Formulas to Know for EXAM Formulas to Know for EXAM Activity & Project Duration Formulas In order to calculate Estimated Activity Duration (EAD) of an activity, Optimistic (O), Most Likely (M) and Pessimistic (P) estimates for

More information

Exam Questions PMI-SP

Exam Questions PMI-SP Exam Questions PMI-SP PMI Scheduling Professional Practice Test https://www.2passeasy.com/dumps/pmi-sp/ 1.CORRECT TEXT Fill in the blank with the appropriate word. When activities are logically linked,

More information

UNIT 5 PROJECT ANALYSIS PERT/CPM MODULE - 2

UNIT 5 PROJECT ANALYSIS PERT/CPM MODULE - 2 UNIT 5 PROJECT ANALYSIS MODULE - 2 UNIT 5 PROJECT ANALYSIS Structure 5.0 Introduction 5.1 Unit Objectives 5.2 Definitions of Project and Project Management 5.3 Characteristics of a Project 5.4 Life Cycle

More information

Pass PMP in 21 Days - ITTO Toolbox PROCESS MAP

Pass PMP in 21 Days - ITTO Toolbox PROCESS MAP PROCESS MAP 1 IntEgratIon Pass PMP in 21 Days - ITTO Toolbox InItIatIng PlannIng ExEcutIng MonItorIng & controlling closing Develop Project Charter Develop Project Management Plan Direct & Manage Project

More information

POLYTECHNIC OF NAMIBIA

POLYTECHNIC OF NAMIBIA POLYTECHNIC OF NAMIBIA SCHOOL OF MANAGEMENT SCIENCES DEPARTMENT OF MANAGEMENT PROJECT MANAGEMENT BACHELOR OF BUSINESS ADMINISTRATION 07BBMA SUBJECT CODE: PRM422S DATE: DURATION: MARKS: EXAMINERS: MODERATOR:

More information

SCM 301 (Solo) Exam 1 Practice Exam Solutions

SCM 301 (Solo) Exam 1 Practice Exam Solutions 1. D $118,000 www.liontutors.com SCM 301 (Solo) Exam 1 Practice Exam Solutions The first thing we need to do here is use the information given in the table to create a network diagram. Once we have a network

More information

THE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA)

THE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA) THE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA) MAY 22 EXAMINATIONS (PROFESSIONAL) PART 2 QUANTITATIVE TOOLS IN BUSINESS (Paper 2.) Attempt five (5) Questions in ALL TIME ALLOWED: Reading & Planning - 5

More information

Do all of Part One (1 pt. each), one from Part Two (15 pts.), and four from Part Three (15 pts. each) <><><><><> PART ONE <><><><><>

Do all of Part One (1 pt. each), one from Part Two (15 pts.), and four from Part Three (15 pts. each) <><><><><> PART ONE <><><><><> 56:171 Operations Research Final Exam - December 13, 1989 Instructor: D.L. Bricker Do all of Part One (1 pt. each), one from Part Two (15 pts.), and four from

More information

A SINGLE STEP CPM TIME-COST TRADEOFF ALGORITHM. In Mathematics and Computing. Under the guidance of Dr. Mahesh Kumar Sharma

A SINGLE STEP CPM TIME-COST TRADEOFF ALGORITHM. In Mathematics and Computing. Under the guidance of Dr. Mahesh Kumar Sharma A SINGLE STEP CPM TIME-COST TRADEOFF ALGORITHM Thesis submitted in partial fulfillment of the requirement for The award of the degree of Master of Science In Mathematics and Computing Submitted by Gurpreet

More information

Chapter16Project Management and. Scheduling Project management

Chapter16Project Management and. Scheduling Project management Chapter6Project Management and Scheduling Figure 6. On completion of this chapter, you should be able to identify key components of projects and the issues associated with them, and you should be able

More information

BTech: Operations Management

BTech: Operations Management BTech: Operations Management Operations Management Sections: Project Management Trevor Naidoo P a g e Case Study: KZN s R60m billing system disaster May 6 05 at 0:8pm By Sihle Manda freeimages.com Durban

More information

MANAGEMENT ACCOUNTING TECHNIQUES AS AID IN DECISION-MAKING ACN306Y

MANAGEMENT ACCOUNTING TECHNIQUES AS AID IN DECISION-MAKING ACN306Y MANAGEMENT ACCOUNTING TECHNIQUES AS AID IN DECISION-MAKING ACN306Y 1 PROGRAMME: GROUP DISCUSSION 2010 14:30-15:30 COST VOLUME PROFIT, REGRESSION, LEARNING CURVES, OPTIMISATION (CHAPTERS 5, 6, 7, 8) 15:30-15:45

More information

Assistance with University Projects? Research Reports? Writing Skills? We have got you covered! www.assignmentstudio.net WhatsApp: +61-424-295050 Toll Free: 1-800-794-425 Email: contact@assignmentstudio.net

More information

Line Balancing S K Mondal Chapter 3

Line Balancing S K Mondal Chapter 3 Line Balancing S K Mondal Chapter 3 Solution: J G 10 K I 7 L J, H 10 M K 6 N L, M 9 [10-Marks] 6 8 7 10 A D G J 5 B 5 6 E H L 10 9 N Work station number 1 3 4 5 6 4 10 7 4 C F I K M 6 Precedence diagram

More information

Project planning and creating a WBS

Project planning and creating a WBS 37E01500 Project Management and Consulting Practice Project planning and creating a WBS Matti Rossi Lecture 3, Tue 28.2.2017 Learning objectives Describe the project time management planning tasks, and

More information

56:171 Operations Research Midterm Exam Solutions October 22, 1993

56:171 Operations Research Midterm Exam Solutions October 22, 1993 56:171 O.R. Midterm Exam Solutions page 1 56:171 Operations Research Midterm Exam Solutions October 22, 1993 (A.) /: Indicate by "+" ="true" or "o" ="false" : 1. A "dummy" activity in CPM has duration

More information

SWEN 256 Software Process & Project Management

SWEN 256 Software Process & Project Management SWEN 256 Software Process & Project Management Plan: Identify activities. No specific start and end dates. Estimating: Determining the size & duration of activities. Schedule: Adds specific start and end

More information

Logistics. Lecture notes. Maria Grazia Scutellà. Dipartimento di Informatica Università di Pisa. September 2015

Logistics. Lecture notes. Maria Grazia Scutellà. Dipartimento di Informatica Università di Pisa. September 2015 Logistics Lecture notes Maria Grazia Scutellà Dipartimento di Informatica Università di Pisa September 2015 These notes are related to the course of Logistics held by the author at the University of Pisa.

More information

Project Management Resource Scheduling Eng. Giorgio Locatelli

Project Management Resource Scheduling Eng. Giorgio Locatelli Resource scheduling Project Management Resource Scheduling ng. Giorgio Locatelli Mauro Mancini Mauro Mancini Resource Scheduling Project Management: The planning, monitoring and control of all aspects

More information

Handout 4: Deterministic Systems and the Shortest Path Problem

Handout 4: Deterministic Systems and the Shortest Path Problem SEEM 3470: Dynamic Optimization and Applications 2013 14 Second Term Handout 4: Deterministic Systems and the Shortest Path Problem Instructor: Shiqian Ma January 27, 2014 Suggested Reading: Bertsekas

More information