Product Development. Consider the simplified set of activities in the Table below for the development of a consumer product from initiation through the market test phase.
Time estimate (weeks)
Develop pricing strategy
Conduct promotional cost analysis
Manufacture prototype models
Perform product cost analysis
Perform final pricing analysis
Conduct market test
- Draw the AOA network for this project.
- Calculate total slacks and free slacks, and interpret their meaning. .
- Determine the critical path and interpret its meaning.
- Construct a Gantt chart and mark the latest start times for each activity.