Numerical Problems on Project Management - Assignment Help

Assignment Task:

Task:

1. What is Gantt Chart? How does it differ from a milestone chart? Discuss the evolution of Network Planning methodologies from Milestone chart. Enumerate the salient points of Fulkerson's rule for numbering Network. 30

2. A plant produces Heating Mantles at the rate of P unitsper day. The variable costs per unit have been established to be Rs (47.73+0.1.P1.2). The total daily fixed charges are Rs 1750, and all other expenses are constant at Rs 7325 per day. If the selling price per Heating Mantle is Rs 173, determine:

i) The daily profit at a production schedule giving the minimum cost per mantle.
ii) The production schedule at the breakeven point. 20+20 3A heat exchanger has been designed and insulation is being considered for the unit. The insulation can be obtained in thickness of 25mm, 50mm, 75mm and 100nnm. The following data have been determined for the different insulation thickness: 25 mm 50 mm 75 mm 100 mm Kcal/hr Saved75000 87500 93700 95000 Cost for insulation (Rs)65000 70000 90000 93500 Annual fixed charges (%)10 101010

The value of heat is Rs. 60 per million K.Cal. An annual return of 15% on fixed capital investment is required for any capital put into this type of investment. The exchanger operates 300 days per year. Which thickness of insulation should be used?30

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