Business Finance Homework Help

Activity I – Your university is holding a fund-raiser and will be hiring a band to entertain spectators. You have been selected to serve as the event project manager and have created a Work Breakdown Structure and duration estimates for the activities involved in site preparation for the event. Construct a network activity diagram based on the following information:

Activity	Description	Predecessors	Duration (Days)
A	Site selection	None	4
B	Buy concessions	A	4
C	Rent facilities	A	2
D	Build stands	A	5
E	Generator & wiring installation	C	2
F	Security	B	4
G	Lighting installation	E	2
H	Sound system installation	E, F	2
I	Stage construction	D	3
J	Tear down	G, H, I	4

1. Conduct both a forward and backward pass using AON notation. What is the estimated total duration for the project?
2. Identify all paths through the network. Which is the critical path?
3. Which activities have slack time?
4. Identify all burst activities and merge activities.

Activity II – Given the following information, answer the questions about this project:

Activity	Expected Duration	Predecessors
A	4 days	—
B	9 days	A
C	11 days	A
D	5 days	B
E	3 days	B
F	7 days	C
G	3 days	D, F
H	2 days	E, G
I	1 day	H

1. Draw the network as a Gantt chart.
2. What is the critical path? Which activities have slack time?
3. What would happen if activities B and D each took 5 extra days to complete instead of the expected duration? How would the critical path change?