MBAQ-104: Quantitative Techniques – Unit 8
Objectives: appreciate problems involved in planning, scheduling and controlling of projects; list and discuss the special terms developed for this unit, namely activity, event, dummy activity, critical activity, slack, critical path and float; compute slack and float, and estimate the probability of completing a project by a certain target date.
Materials:
The relevant material is available here.
Questions:
- A car manufacturing company has decided to redesign its fuel pump for their new car model. This project involves several activities which are listed in Table below. First activity is that the engineering department must evolve the design of fuel pump. Second, the marketing department must develop the marketing strategy for its promotion. Third, a new manufacturing process must be designed. Fourth, advertising media must be selected. Fifth, an initial production run must be completed. Finally, the pump must be released to the market.
| Activity | Description of activity | Predecessor Activity | Time Estimate (Weeks) |
| A | Evolve the design of fuel pump | — | 5 |
| B | Develop marketing strategy | A | 4 |
| C | Design manufacturing process | A | 7 |
| D | Select advertising media | B | 8 |
| E | Initial production run | C | 9 |
| F | Release fuel pump to market | D, E | 4 |
Draw a network diagram for the given project.