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Product Development

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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.ActivitySymbolImmediate predecessorsTime estimate (weeks)Investigate demandA3Develop pricing strategyB1Design productC5Conduct promotional cost analysisDA1Manufacture prototype modelsEC6Perform product cost analysisFE1Perform final pricing analysisGB,D,F2Conduct market testHG8 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.