Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PM . 6 6 Real estate developer Russell Call was working with a few contractors to make a number of improvements to one of his

PM.66 Real estate developer Russell Call was working with a few contractors to make a number of improvements to one of his rental properties. After gathering information from these contractors he determined the following durations, predecessors, and costs of all the required activities:
\table[[Activity,Normal Time (weeks),Crashed Time (weeks),Normal Cost,Crashed Cost,Predecessor(s)],[A,3,2,$1,100,$3,200,],[B,6,5,$2,200,$2,420,-],[C,3,1,$1,300,$3,000,-],[D,7,3,$2,100,$2,400,A],[E,6,3,$1,650,$2,250,B],[F,3,1,$4,000,$5,540,C],[G,4,2,$1,650,$2,100,D, E]]
What is the overall duration of the project?
Which of the following activities has the lowest crash cost per week?
C
A
D
E
Which of the following activities has the highest crash cost per week?
G
B
C
F
If you wanted to shorten the overall duration of the project, which activity should you crash first?
D
C
A
B
E
What is the total cost of crashing the project from its current duration down to 13 weeks?
What is the total cost of crashing the project from its original duration to 11 weeks?
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