Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PM . 6 1 Rob Smith is managing a small project at Boston University. He is under pressure to shorten the overall duration of the

PM.61 Rob Smith is managing a small project at Boston University. He is under pressure to shorten the overall duration of the project by 4 weeks and he wants to do so at the lowest cost possible. In order to meet this objective a number of activities must be crashed.
\table[[Activity,Normal Time (weeks),Crashed Time (weeks),Normal Cost,Crashed Cost,Predecessor(s)],[A,6,5,$900,$1,300,],[B,5,3,$300,$600,-],[C,6,5,$550,$725,-],[D,5,3,$950,$1,250,A],[E,6,3,$1,200,$2,550,C],[F,3,2,$750,$950,B]]
What is the duration of the project (in weeks)?
What is the target duration of the project (after crashing the project)?
By how many weeks should activity A be crashed?
b
By how many weeks should activity B be crashed?
By how many weeks should activity C be crashed?
By how many weeks should activity D be crashed?
By how many weeks should activity E be crashed?
By how many weeks should activity F be crashed?
What is the total cost of crashing the project 4 weeks (just the additional cost, not total project cost)?(Display your answer to two decimal places.)
image text in transcribed

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

Essentials Of Investments

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

12th Edition

1260772160, 978-1260772166

More Books

Students also viewed these Finance questions

Question

b. Did you suppress any of your anger? Explain.

Answered: 1 week ago