Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 of 2 SCM 3 0 0 - Lab 0 5 - Project Management Critical Paths and Crashing PROJECT MANAGEMENT - Critical Paths and Crashing
of SCM Lab Project Management Critical Paths and Crashing PROJECT MANAGEMENT Critical Paths and Crashing You are a contractor that has been asked to build an apartment complex. The associated AON Network diagram and the TimeCost table are provided below. Based on the table, you could crash activity B for one week only at a cost of $ or two weeks for $ The owner wants the apartment complex built in weeks. The owner will charge a penalty cost of $ per week if the complex is not completed on time. A C F E H B D G Activity Minimum Time Normal Time B IO Crash Cost per Week CRASH FIRST ITEM Crash the project by week by altering the activity that will save us the most money. Which activity will you crash first? Make the necessary change to your network diagram. ACEFH ADEFH ACEGH ADEGH BDEFH BDEGH What is the resulting critical path or paths and also the new project duration? How much money did you save net savings by crashing this activity? Net Savings Week Penalty Saved Week Crash Cost CRASH SECOND ITEM Again, crash the project by week by altering the activity that will save us the most money. Which activity will you crash second? Make the necessary change to your network diagram. ACEFH ADEFH ACEGH ADEGH BDEFH BDEGH What is the resulting critical path or paths and also the new project duration? How much money did you save net savings by crashing this activity? Net Savings Week Penalty Saved Week Crash Cost CRASH THIRD ITEM Crash the project by week by altering the activity that will save us the most money. This will get us to the desired completion date that will eliminate the penalties. Which activity will you crash third? Make the necessary change to your network diagram ACEFH ADEFH ACEGH ADEGH BDEFH BDEGH What is the resulting critical path or paths and also the new project duration? How much money did you save net savings by crashing this activity? Net Savings Week Penalty Saved Week Crash Cost TOTAL SAVINGS How much did you save, in total by crashing the system down to weeks?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started