In CPM scheduling, an activity has an Early Start of day 10, Early Finish of day 15, Late Start of day 12, and Late Finish of day 17. What is the total float for this activity?
Correct Answer
C) 2 days
Total float is calculated as Late Start minus Early Start (or Late Finish minus Early Finish). In this case: 12 - 10 = 2 days of total float.
Why This Is the Correct Answer
Total float represents the amount of time an activity can be delayed without affecting the project completion date. It is calculated using the formula: Total Float = Late Start - Early Start (or equivalently, Late Finish - Early Finish). In this problem, the Late Start is day 12 and the Early Start is day 10, so the total float is 12 - 10 = 2 days. This means the activity can be delayed by up to 2 days without impacting the critical path.
Why the Other Options Are Wrong
Option B: 0 days
5 days appears to be the activity duration (15 - 10 = 5), which is not the same as total float.
Option D: 5 days
7 days appears to be the span from Early Start to Late Finish (17 - 10 = 7), which is not the correct total float calculation.
Memory Technique
Remember 'LSES' - Late Start minus Early Start = total float. Think 'How much LATER can I start?' The difference between late and early start times is your cushion.
Reference Hint
Look up CPM (Critical Path Method) scheduling in project management chapters, specifically sections on float calculations and network analysis.
More Business & Finance Questions
A general contractor purchases equipment worth $45,000 with a useful life of 9 years and no salvage value. Using straight-line depreciation, what is the annual depreciation expense?
What is the typical recommended coverage amount for general liability insurance for a small to medium-sized general contracting business?
A contractor estimates startup costs of $75,000 for equipment, $25,000 for initial inventory, $15,000 for insurance premiums, and $10,000 for working capital. They can finance 70% of the total. How much cash do they need?
When establishing professional relationships with architects and engineers, what is the most important factor for a general contractor to consider?
A partnership agreement for a construction company should address all of the following EXCEPT:
A contractor purchases a truck for $60,000. After 5 years, it has accumulated depreciation of $35,000. What is the truck's book value?
A contractor's business plan projects first-year revenue of $500,000 with a 15% net profit margin. If actual revenue is $450,000 with the same profit margin, what is the variance in net profit?
Using the Modified Accelerated Cost Recovery System (MACRS), construction equipment is typically depreciated over how many years?
A contractor is comparing financing options for equipment purchase. Option A: $80,000 cash purchase. Option B: $20,000 down, $65,000 financed at 6% for 4 years. What is the total cost of Option B?
A contractor purchases equipment using a capital lease with a present value of $120,000. How should this be recorded on the balance sheet?
