Q:2 Draw AOA and AON network diagrams and gantt chart for the project, calculate TE for each activity, name and calculate all the paths, find critical path and show activities with slack.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
![Attempt all questions. plagiarised answers will not be accepted.
The Denver Iron & Steel Company is expanding its operations to include a new drive-in
weigh station. The weigh station will be a heated/air-conditioned building with a large floor
and small office. The large room will have the scales, a 15-foot counter, and several display
cases for its equipment.
Price of scales: 5000$, cost of the counter: 500$, Inverter AC :600$, labour cost: 15 $/hr,
Overhead cost: 40% total labour cost, Benefits for labour: 4% of labour cost, Total Labour
hours:220 hrs, Work stoppages: 10% of total hours
Some of the activities are to Lay foundation, Dig hole for scale, Insert scale bases, Erect
frame, Complete building, Insert scales, Insert display cases, Put in office equipment, install Ac,
Install counter, Finishing touches
QI: Using work element costing calculate the budget of this project, and create a WBS and
responsibility chart for the project.
Activity Predecessor
b
a
A
4
6
5
5
5
C
В
3
7.
A
7
10
13.
E
A
11
12
13.
F
В. D
7
C
9
10
11
H
С, F
7
9
I
7.
9
11
J
E
3
3
3
K
G
15
17
19
H
8
10
M
I, J
7
8
15
N
G
12
14
16
L, M
16
17
18
Q:2 Draw AOA and AON network diagrams and gantt chart for the project, calculate TE for each
activity, name and calculate all the paths, find critical path and show activities with slack.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F06575b8b-b48a-491b-b2cc-115140427997%2F52bdec6f-38d4-46c5-ad87-31efa9498f72%2Fas3dv9i_processed.jpeg&w=3840&q=75)
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