The information in the table below is available for a large fund-raising project. Activity Activity Times (days) Activity Cost ($) Immediate Predecessor A 3 100 None B 4 150 None C 2 125 A D 5 175 B E 2 150 B F 4 200 C, D G 6 75 C H 2 50 C, D, E I 1 100 E J 4 75 D, E K 5 350 F, G L 3 150 G, H, I M 4 400 I, J N 4 175 K, M O 1 200 H, M P 5 150 N, L, O   Draw the precedence network diagram. Perform the CPM (Critical Path Method) and give the complete activity schedule table, the project completion time, and the critical path. Plot on the same graph the total project costs per day, starting from day one to the completion date, assuming the earliest start times and then assuming the latest start times. What implications does the time differential have for cash flows and project scheduling? Show step by step solution

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
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The information in the table below is available for a large fund-raising project.

Activity

Activity Times (days)

Activity Cost ($)

Immediate

Predecessor

A

3

100

None

B

4

150

None

C

2

125

A

D

5

175

B

E

2

150

B

F

4

200

C, D

G

6

75

C

H

2

50

C, D, E

I

1

100

E

J

4

75

D, E

K

5

350

F, G

L

3

150

G, H, I

M

4

400

I, J

N

4

175

K, M

O

1

200

H, M

P

5

150

N, L, O

 

  1. Draw the precedence network diagram.
  2. Perform the CPM (Critical Path Method) and give the complete activity schedule table, the project completion time, and the critical path.
  3. Plot on the same graph the total project costs per day, starting from day one to the completion date, assuming the earliest start times and then assuming the latest start times. What implications does the time differential have for cash flows and project scheduling?
  4. Show step by step solution
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