Question1:Discuss the critical importance of work schedule in project management.2. Discuss the contribution of cost estimation in the completion of successful project.3. A firm is planning a project which consists of the following ten jobs and precedence relations are identified with their node numbers:Jobs (i-j)1-21-32-32-42-53-54-75-66-77-8Durations (days)9512781110346 Draw an arrow diagram representing the project.b. Determine the critical pathc. What is the duration of the project?

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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question1:

Discuss the critical importance of work schedule in project management.
2. Discuss the contribution of cost estimation in the completion of successful project.
3. A firm is planning a project which consists of the following ten jobs and precedence relations are identified with their node numbers:

Jobs (i-j)	1-2	1-3	2-3	2-4	2-5	3-5	4-7	5-6	6-7	7-8
Durations (days)	9	5	12	7	8	11	10	3	4	6

Draw an arrow diagram representing the project.
b. Determine the critical path
c. What is the duration of the project?

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