Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I have included my question in the following word document. Please show work for understanding. Thank you You are given the following network. Activity Immediate

image text in transcribed

I have included my question in the following word document. Please show work for understanding. Thank you

image text in transcribed You are given the following network. Activity Immediate Predecessors Normal Crash Completion Normal Crash Cost Completion Time Time (Weeks) Cost (Total) (Total) (Weeks) A -- 6 6 $100 $100 B A 10 4 $2,000 $2,600 C A 10 8 $800 $920 D B 6 5 $700 $750 E B 8 6 $1,000 $1,140 F C,D 9 7 $1,400 $1,550 G E 14 10 $3,000 $3,320 H E,F 10 8 $900 $1,020 The Normal Cost for an activity is the total cost to complete that activity in the Normal Time and the Crash Cost is the total cost to complete that activity in the Crash Time. Use the Normal Times to answer parts a) through c). a) Draw the project network b) Calculate the slack time for each activity and for each path (relative to the critical path). c) Identify the critical path and the project completion time. d) Suppose you want to reduce the project time by two weeks. Based on the information provided, what would be the additional project cost to achieve this and what activity(ies) are crashed? e) What is the minimum project completion time? Identify which activities to crash and by how many weeks to achieve that time. f) What is the resulting project cost for the project completion time in e)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jeff Madura, Hardeep Singh Gill

4th Canadian edition

134724712, 134724713, 9780134779782 , 978-0134724713

More Books

Students also viewed these Finance questions