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.

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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.