Exam 10: Project Scheduling: Lagging, crashing, and Activity Networks

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A project has the activity duration and cost information indicated in the table where all times are in weeks.There is a penalty of $250 per week for every week the project extends beyond 50 weeks.What is the cost of the least expensive project possible? A project has the activity duration and cost information indicated in the table where all times are in weeks.There is a penalty of $250 per week for every week the project extends beyond 50 weeks.What is the cost of the least expensive project possible?

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What is the duration of the project shown in the network? What is the duration of the project shown in the network?

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What are the three principal methods for accelerating a project and under what circumstances might these methods yield little gain?

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What is the minimum completion cost of this project if there is a penalty of $1,000 for each day the project lasts longer than 27 days? Activity durations in days and crash costs in dollars are given in the table. What is the minimum completion cost of this project if there is a penalty of $1,000 for each day the project lasts longer than 27 days? Activity durations in days and crash costs in dollars are given in the table.     What is the minimum completion cost of this project if there is a penalty of $1,000 for each day the project lasts longer than 27 days? Activity durations in days and crash costs in dollars are given in the table.

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What information is NOT included in the nodes for an AOA network?

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A basic Gantt chart:

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Networks would not be well suited for:

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Activities A and B have a finish to finish relationship and early start and finish times as shown.What is the result of incorporating a 4-day lag between activities C and B? Activities A and B have a finish to finish relationship and early start and finish times as shown.What is the result of incorporating a 4-day lag between activities C and B?

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A(n)________ relationship is appropriate where two or more linked activities must be completed before a successor is begun.

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If an activity's cost is plotted against its duration on axes with zeros at the origin:

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An activity performed by a subcontractor is scheduled for 20 weeks at an anticipated cost of $100,000.Due to slippage on the critical path you need to reduce this activity by three weeks.If the subcontractor informs you that the activity can be completed in 15 weeks for $200,000,what is the slope for the activity?

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In analyzing crash options for project activities,each activity has a slope that is calculated as the ________ divided by the ________.

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Sketch a network and use it as an example as you discuss the four different logical relationships between activities.

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Which statement about this Gantt chart is best? Which statement about this Gantt chart is best?

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Use the Gantt chart and activity list to determine when resource 3 is free. Use the Gantt chart and activity list to determine when resource 3 is free.    Use the Gantt chart and activity list to determine when resource 3 is free.

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When involved in a project involving many subcontractors:

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An activity on an arrow network:

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Use the Gantt chart and activity list to determine which resource is used the most. Use the Gantt chart and activity list to determine which resource is used the most.    Use the Gantt chart and activity list to determine which resource is used the most.

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The process of accelerating a project is referred to as:

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Mick has a project consisting of eight activities (listed in the table with durations and precedence requirements)to complete.He assigned his intern Guinness to sketch a network diagram in AOA and Guinness produced the sketch shown below.Discuss any issues with the apprentice's diagram. Mick has a project consisting of eight activities (listed in the table with durations and precedence requirements)to complete.He assigned his intern Guinness to sketch a network diagram in AOA and Guinness produced the sketch shown below.Discuss any issues with the apprentice's diagram.     Mick has a project consisting of eight activities (listed in the table with durations and precedence requirements)to complete.He assigned his intern Guinness to sketch a network diagram in AOA and Guinness produced the sketch shown below.Discuss any issues with the apprentice's diagram.

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