Chapter 1: Q16OQ (page 104)
The following CPM network has estimates of the normal time in weeks listed for the activities:
a. Identify the critical path.
b. What is the length of time to complete the project?
c. Which activities have slack, and how much?
d. Here is a table of normal and crash times and costs. Which activities would you shorten to cut two weeks from the schedule in a rational fashion? What would be the incremental cost? Is the critical path changed?
Activity | Normal Time | Crash time | Normal cost | Crash cost |
A | 7 | 6 | \(7,000 | \)8,000 |
B | 2 | 1 | 5,000 | 7,000 |
C | 4 | 3 | 9,000 | 10,200 |
D | 5 | 4 | 3,000 | 4,500 |
E | 2 | 1 | 2,000 | 3,000 |
F | 4 | 2 | 4,000 | 7,000 |
G | 5 | 4 | 5,000 | 8,000 |
Short Answer
Critical Path Method (CPM) is a kind of step-by-step project management process for planning the whole process that determines the critical and non-critical steps.