Ch. 17: Extra Credit: Project Management: Problem 16: Project Crashing: Chuck's Custom Boats, (10 pts) Use the information in Problem 16 to answer the following questions: a). Create a network diagram b). Step 1: Determine the Paths and their Expected Durations and Identify the Critical Path(s): What activity/activities should be crashed/shortened? : d). Step 2 (if required): Identify the Paths and their Expected Durations and identify the critical path(s) after shortening the project as a result of performing Step 1: Step 2 (if required) (continued): e). Rank the critical activities according to crash costs: What activity/activities should be crashed/shortened? f). Step 3 (if required): Identify the Paths and their Expected Durations and identify the critical path(s) after shortening the project as a result of performing Step 1 and Step 2: What activity/activities should be crashed/shortened? : h). Step 4: (if required): Identify the Paths and their Expected Durations and identify the critical path(s) after shortening the projectas a result of performing Step 1 and Step 2 and Step 3: What activity/activities should be crashed/shortened? : j). Step 5: (if required): identify the Paths and their Expected Durations and identify the critical path(s) after shortening the project as a result of performing Step 1 and Step 2 and Step 3 k). Rank the critical activities according to crash costs: Path Activity Cost per Day to Crash What activity/activities should be crashed/shortened? : I) Step 6 (if required) Identify the Paths and their Expected Durations and identify the critical path(s) after shortening the project as a result of performing Step 1 and Step 2 and Step 3: Path Expected Duration Critical Path? (Yes or No) m). Rank the critical activities according to crash costs: Path Activity Cost per Day to Crash What activity/activities should be crashed/shortened? :n). Conclusions: After performing all of the project crashing, answer the following questians: N1). What is the final expected project duration? N2). What is the total cost of project crashing? N3). What is the total penalty cost? N4): What is the total cost? 16. Chuck's Custom Boats (CCB) customizes speedboats to each customer's order. CCB has landed a contract with a mysterious New York lawyer (Mr. T). Relevant data are shown in the following table. The complication is that Mr. T wants delivery in 32 days or he will impose a penalty of $375 for each day his boat is late. Note: No activity can be crashed more than two days. CRASHING COSTS Activity Immediate Predecessor Normal Time (days) istDay 2nd Day K 9 $410 $415 L K 7 125 = N K 5 45 45 M L 4 300 350 J N 6 50 = Q LM 5 200 225 P Q 8 = = Y Q 7 85 90 Z P 6 90 - End Y, Z