PPMP20007 Workshop Questions On Project Management Concepts

Week 5 Workshop

Q4  The following questions are based on network diagram below:

The customer would like the project to be completed in 30 weeks and has offered a bonus of $10,000 if the project is completed within that time. The contract also contains a penalty clause in which you will lose $1,000 for each week the project takes longer than 30 weeks.

1. Given that the customer wants the project completed in 30 weeks, complete the table below listing the following values for each activity (earliest start time (ES), earliest finish time (EF, latest start time (LS) latest finish time (LF), total slack (TS).
2. What is the most critical path(s) for this project? (If there is more than one critical path, list the activities/tasks on each of the paths separately.)
3. Based on the current estimates for the activity durations, what is the expected duration of the project?
4. Based on the current estimates for the activity durations, would you expect to get a bonus or penalty and if so how much? Explain your answer.