Assignment7 - 612 - std49532: Roll No EMCS-980 Assignment7
Assignment7 - 612 - std49532: Roll No EMCS-980 Assignment7
Assignment7 - 612 - std49532: Roll No EMCS-980 Assignment7
(a) Major project risks should be identified and assessed to establish their probability and
consequences for the project. For risks which are probable and potentially serious, plans to
avoid, manage or deal with that risk when it arises should be made. Discuss the risks, the
probability of the risk arising and the effects of these risks.
Both the probability and the assessment of the effects of a risk may change as more
information about the risk becomes available and as risk management plans are implemented.
Once the risks have been analyzed and ranked, you should assess which are most
significant. Judgment must depend on a combination of the probability of the risk arising and the
effects of that risk.
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Assignment7_612_std49532
(b) The following table sets out a number of tasks, durations and dependencies. Draw an activity
chart showing the project schedule and find the critical path.
ES=Earliest Star
EF=Earliest Finish
LS=Latest Start
LF=Latest Finish
ES DUR EF
LS ACT LF
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Fig_b.1
Assignment7_612_std49532
0 10 10 0 15 15
5 T1 15 0 T2 15
15 7 22
15 T3 22
22 15 37 22 9 31
22 T4 37 28 T5 37
37 5 42
37 T6 42
42 8 50 31 9 40
42 T7 50 51 T8 60
50 10 60
50 T9 60
60 13 73
60 T10 73
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Assignment7_612_std49532
Fig_b.2
duratio slac
Activity ES EF LS LF n k
T1 0 10 5 15 10 5
T2 0 15 0 15 15 0
T3 15 22 15 22 7 0
T4 22 37 22 37 15 0
T5 22 31 28 37 9 6
T6 37 42 37 42 5 0
T7 42 50 42 50 8 0
T8 31 40 51 60 9 20
T9 50 60 50 60 10 0
T10 60 73 60 73 13 0
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Assignment7_612_std49532
T1 10
T2 15
T3 7
T4 15
9 Assume day start 10 Jan
T5
Duration
T6 5
T7 8
T8 9
T9 10
T10 13
Critical Path
Activity EF LF duration slack(LF-EF)
T2 15 15 15 0
T3 22 22 7 0
T4 37 37 15 0
T6 42 42 5 0
T7 50 50 8 0
T9 60 60 10 0
T10 73 73 13 0
Total duration 73
Therefore, the critical path is T2, T3, T4, T6, T7, T9 and T10.
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