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Fast Creek Project

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64 views4 pages

Fast Creek Project

Uploaded by

KrishnaSDilip
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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FAST CREEK LIGHTNING PROJECT

Student ID: N01610564


Name: Krishna Sreelatha Dilip

1) Develop a network drawing for Hill Construction and determine the critical
path. How long is the project expected to take?

Network Diagram:

F
B E
I
A L
G H

C D
J K
Expected Time for Each Activity, t = (a + 4m + b) / 6
Variance of times, v = [(b-a)/6]2
a = Optimistic time, b = assuming very unfavorable conditions, m = most
realistic estimate

Activity Optimisti Most Pessimis Expected Variance


c (a) Likely tic (b) Time (t)
(m)
A 20 30 40 30 11.11

B 20 65 80 60 100

C 50 60 100 65 69.44

D 30 50 100 55 136.11

E 25 30 35 30 2.78

F 0.1 0.1 0.1 0.1 0

G 25 30 35 30 2.78

H 10 20 30 20 11.11

I 20 25 60 30 44.44

J 8 10 12 10 0.44

K 0.1 0.1 0.1 0.1 0

L 20 25 60 30 44.44

ES = Max {EF of all immediate predecessors}


EF = ES +Activity time
LF = Min {LS of all immediate following activities}
LS = LF – Activity time
If slack is 0, the activity is on the critical path
The critical path is the longest path through the network, and any delay in the
activities on this path will delay the entire project.
Slack Critical
Activi Predeces
Time ES EF LS LF (LS – Path
ty sor
ES)
A 30 0 30 0 30 0 Yes
B A 60 30 90 60 120 30 No
C A 65 30 95 30 95 0 Yes
D C 55 95 150 95 150 0 Yes
E B 30 90 120 120 150 30 No
F E 0 120 120 150 150 30 No
G D,F 30 150 180 150 180 0 Yes
H G 20 180 200 180 200 0 Yes
I H 30 200 230 200 230 0 Yes
J H 10 200 210 220 230 20 No
K J 0 210 210 230 230 20 No
L I,K 30 230 260 230 260 0 Yes

Critical Path  A – C – D – G – H – I – L
Project duration – (30+65+55+30+20+30+30) = 260 days
Variance of critical path = 11.11 + 69.44 + 136.11 + 2.78 + 11.11 + 44.44 +
44.44 = 319.44
Standard deviation of critical path = 17.87 days  (sqrt(319.44))

2) What is the probability of finishing in 270 days?

P(t<=270) = P(Z<=(270-260)/17.87) = P(Z<=0.56) = 0.71226 = 71.2%

3) If it is necessary to crash to 250 or 240 days, how would Hill do so, and at
what costs?

Activity Normal Crash Crashable Crash


duration Cost/Day
(of critical
path)
A 30 20 10 1500
B 60 20 3500
C 65 50 15 4000
D 55 30 25 1900
E 30 25 9500
F 0.1 0.1 0
G 30 25 5 2500
H 20 10 10 2000
I 30 20 10 2000
J 10 8 6000
K 0.1 0.1 0
L 30 20 10 4500

To crash to 250 days (from current 260days) (10-day reduction) = ?


Activity A is the most cost effective to crash
Cost to crash to 250 days = $1500 * 10days = $15000 per day
To crash to 240 days (from 250 days) – D is the most cost-effective one to crash
& A is already crashed
Cost = $1900 * 10days = $19000 per day
Total cost to crash to 240 days = $15000 + $19000 = $34000 per day

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