Answered step by step
Verified Expert Solution
Question
1 Approved Answer
the Critical Path Method. In order to ensure that the project will be done for the lowest cost while still meeting the mandatory safety codes,
the Critical Path Method. In order to ensure that the project will be done for the lowest cost while still meeting the mandatory safety codes, use the Project Evaluation Review Technique to find the project cost, the expected project duration, and the probability that the project will be completed no later than the expected duration. In addition, crash an activity twice and compare the results. Crash Cost for Longest Activity Unit of Time Cost ($) Time ($) Immediate Crash Predecessor Times Most Likely Act Description 8 A Blue-Print 5 6 6 150 100 Plan Fundraiser B 2 3 6 200 50 Construction Timetable C A 3.5 5.5 300 250 Construct Model D A 4.5 5 7 350 300 E Fundraiser B 2.5 3 5 250 100 F Project Cost C,E,I 1 1.5 2 100 500 Safety Standard Checks G D 1.5 2 3 500 300 Determining Necessary Materials H A A 6 7 12 450 50 I Material Cost H 6.5 7 14 400 150 J Conclusion F G 1.5 2 6 300 200 the Critical Path Method. In order to ensure that the project will be done for the lowest cost while still meeting the mandatory safety codes, use the Project Evaluation Review Technique to find the project cost, the expected project duration, and the probability that the project will be completed no later than the expected duration. In addition, crash an activity twice and compare the results. Crash Cost for Longest Activity Unit of Time Cost ($) Time ($) Immediate Crash Predecessor Times Most Likely Act Description 8 A Blue-Print 5 6 6 150 100 Plan Fundraiser B 2 3 6 200 50 Construction Timetable C A 3.5 5.5 300 250 Construct Model D A 4.5 5 7 350 300 E Fundraiser B 2.5 3 5 250 100 F Project Cost C,E,I 1 1.5 2 100 500 Safety Standard Checks G D 1.5 2 3 500 300 Determining Necessary Materials H A A 6 7 12 450 50 I Material Cost H 6.5 7 14 400 150 J Conclusion F G 1.5 2 6 300 200
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