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PM571 Project Management Network Diagram Paper

PM571 Project Management Network Diagram Paper

PM571 Project Management Network Diagram Paper

Exercise 8: You have signed a contract to build a garage for the Simpsons. You will receive a $500 bonus for completing the project within 15 working days. The contract also includes a penalty clause in which you will lose $100 for each day the project takes longer than 15 working days.
Draw a project network (in Visio, Excel, or Word) given the information below (or create a plan in MS project and make sure to complete the task name, start, finish, duration, predecessors, start slack, and finish slack columns.) If you are drawing the network diagram complete a forward and backward pass, compute the activity slack, and identify the critical path. If you are using MS project, add the “Critical” column to your project plan and then filter the plan based on the value in that field equaling “Y” to show the critical path. Save your work.
Answer the question “Do you expect to receive a bonus or a penalty on this project?” You can write the answer in a word document.

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