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Kenyon is thankful for the thousands of alumni and parents who have already supported the College this year. Project organizations make sure existing programs continue to LO 3. It defines a project by breaking it down into 3.
The three phases involved in managing a large project are manageable parts and even finer subdivisions. PERT and CPM help answer questions relating to which task elements are on or likely to be on the critical path and to probable completion times for the overall project. Some specific questions include: When will the entire project be completed? Which are the critical activities or tasks in the project; that is, the activities that will delay the entire project if com- pleted behind schedule?
Which are the noncritical activities; that is, those that can run behind schedule without delaying the whole project? How far behind schedule can these activities run without disrupting the completion time? What is the probability that the project will be completed by a specific date? A Gantt chart is a visual device that shows the duration of tasks Activity times used in PERT are assumed to be described by in a project. It is a low-cost means of ensuring that 1 all activities a beta probability distribution.
Given optimistic a , pessimistic are planned, 2 their order of performance is documented, 3 the b , and most likely m completion times, average or expected activity times are recorded, and 4 the overall project time is time is given by: developed. Any late start or extension of an activity on the critical path AACSB: Analytical thinking will delay the completion of the project. Earliest start ES of an activity is the latest of the earliest LO 3. Earliest finish EF is the earliest start of an activity plus its duration.
Latest finish LF of an activity 9. To crash an activity, the project manager would pay money is the earliest of the latest start times of all successor activities. Latest start LS of an activity is its latest finish less its duration.
The critical path is the shortest time possible for the completion AACSB: None of a series of activities, but that shortest time is the longest path through the network. Only the longest path allows time for all activi- ties in the series; any smaller amount will leave activities unfinished. Dummy activities have no time duration. They are inserted into an AOA network to maintain the logic of the network, such as when two activities have exactly the same beginning and ending events.
A dummy activity is inserted with one of them so that the computer software can handle the problem. They are 1 optimistic time estimate a , an estimate of the minimum time an activity will require; 2 most likely time esti- mate m , an estimate of the normal time an activity will require; and 3 pessimistic time estimate b , an estimate of the maximum.
In networks, there is no possibility that crashing a non- critical task can reduce the project duration. Only critical tasks offer the possibility of reducing path length.
However, other crite- Full Doawnload: ria for crashing may exist: for instance, skills required in one of the activities may also be needed elsewhere. Total PERT project variance is computed as the sum of the variances of all activities on the critical path. Slack: the amount of time an activity can be delayed and not operations management affect the overall completion time ofsustainability the whole project.
Slackandcan supply chain management 12th edition solutions be determined by finding the difference between the earliest start operations time and the management latest start time, or thesustainability and earliest finish time and the supply chain management answer key latest finish time for a given activity.
If there are a sufficient number of tasks along the critical path, solution manual we can assume of operations that project management completion time is described by a normal by jay heizer free download probability distribution with mean equal to the sum of the expected operation management by jay heizer solution manual times of all activities on the critical path and variance equal to the sum of the variances of all activities on the critical path.
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