Question Problem Solving 4.1 1. Mr. Smith, owner of a bicycle manufacturer company, is planning to launch a new product line. But before launching the product, your team needs to conduct a market, product and financial analysis. As the project manager of the company, you are tasked to make a network diagram, identify the critical path and construct a Gantt chart to have an overview of the project schedule. The project will start by May 4, 2020 exclusive of weekends. Activity Description Required Predecessor Duration (months) A Product design (None) 5 Market research (None) с Production analysis Product model 3 E Sales brochure F Cost analysis с G Product testing H Sales training BE 2 I Pricing 1 J Project report F, G, B 1 2 D A A A 2 3 4 D H 1

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Transcribed Image Text: Problem Solving 4.1 1. Mr. Smith, owner of a bicycle manufacturer company, is planning to launch a new product line. But before launching the product, your team needs to conduct a market, product and financial analysis. As the project manager of the company, you are tasked to make a network diagram, identify the critical path and construct a Gantt chart to have an overview of the project schedule. The project will start by May 4, 2020 exclusive of weekends. Activity Description Required Predecessor Duration (months) A Product design (None) 5 Market research (None) с Production analysis Product model 3 E Sales brochure F Cost analysis с G Product testing H Sales training BE 2 I Pricing 1 J Project report F, G, B 1 2 D A A A 2 3 4 D H 1

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INTRODUCTION A (project) network represents a diagrammatic representation of the activities to be carried out in a project and the sequence in which these are to be carried out. To show the sequence, it is necessary to show the dependencies in the form of proceeding and succeeding activities. This is done by way of joining arrows. The duration of the activities (estimated) are also shown. There are two ways to make a network (also called precedence network diagram -to emphasize on the PRECEDENCE relationships): 1.   AoA-activity on arrow; 2   AoN-activity on node. The difference is obvious. In the first case the  arrows represent the activities while the nodes (where the arrows meet) are the milestones. The arrow length is not an indication of the duration of the activity. The duration of the activity is shown on the arrow. In the second case, the node represents the activity while the arrows shows the relationships. The activity duration is shown on the node. In the current times, the second basis i.eAoN is mostly used because: 1.       Ease of  drawing AoN networks as compared to AoA project networks. 2.       AoN project networks are easier to understand for students and for young managers. 3.       Ease of revising the AoN networks as compared to the AoA networks. The same i.e AoN has, therefore been used below to draw this  PROJECT's  NETWORK. The data is asfollows: In t ... See the full answer