A Network Consists of the Activities in the Following List

question 122

Essay

A network consists of the activities in the following list. Times are given in weeks.
a. Draw the network diagram.
b. Calculate the ES, EF, LS, LF, and Slack for each activity.
c. What is project completion time?

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Definitions:

Proceeds From Sales

The total amount of money received by a company from selling goods, services, or assets.

Opportunity Costs

The cost of foregoing the next best alternative when making a decision. It represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Fixed Costs

Expenses that do not change with the level of goods or services produced over the short term.

Variable Costs

Costs that vary directly with the level of production or business activity, such as raw materials, packaging, and labor directly involved in a company's manufacturing process.