Question
A project has the following activities, durations, costs, and precedence relationships: Activity Present Duration (Weeks) Accelerated Duration (Weeks) Immediate Predecessor Activities Present Cost Accelerated Cost
A project has the following activities, durations, costs, and precedence relationships: Activity Present Duration (Weeks) Accelerated Duration (Weeks) Immediate Predecessor Activities Present Cost Accelerated Cost A 10 9 $11,000 $15,000 B 15 13 20,000 25,000 C 10 6 A 9,000 20,000 D 20 18 A 25,000 30,000 E 15 10 C 20,000 35,000 F 17 15 B 20,000 30,000 G 12 10 B 15,000 25,000 H 9 8 D, F 12,000 18,000 I 7 6 G, H 10,000 15,000 Develop a time-cost trade-off analysis. Detail the steps that you would use to accelerate or crash the project to its minimum duration at the lowest cost. Determine each step's cost and the duration of the project.
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