Question: Answer the following questions using the tabulated project data. (a) There is a penalty of $3000/day beyond the normal PERT duration. Perform a crashing analysis

Answer the following questions using the tabulated project data. Project Preceding Normal Normal Crash Crash Variance of Phase Phase Time Cost

(a) There is a penalty of $3000/day beyond the normal PERT duration. Perform a crashing analysis to compare total normal cost to total crash cost. First crash only the critical activities; then crash all activities.

(b) Find the probability that the total lateness penalty will be less than $3000.

(c) Find the probability that the total lateness penalty will be $3000 or less.

(d) Find the probability that the total lateness penalty will be greater than $3000.

(e) Find the probability that the total lateness penalty will be less than $9000.

Project Preceding Normal Normal Crash Crash Variance of Phase Phase Time Cost Time Cost Duration A - 40 $9,000 30 $12,000 10 B A 53 15,000 50 15,300 9 C A 60 7,500 30 6,000 600 D A 35 20,000 30 22,000 25 E C, D 28 12,000 20 15,000 40 F B, E 30 6,000 27 7,000 30

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Construction Project Management Questions!

Answer the following questions using the tabulated project data. a. There is a penalty of $3,000/day beyond the normal PERT duration. Perform a crashing analysis to compare total normal cost to total...

For the problem given in Exercise 4.12, assuming that the variance of duration is 0 for all the project phases, determine the time-cost trade-off curve by defining the strategies and calculating...

Answer the following questions using the tabulated project data. Project Preceding Phase Phase Normal Time Normal Cost Crash Time Crash Cost Variance of Duration A 40 30 10 B A 53 50 9 A 60 30 600...

Evaluation 5 Crashing Analysis Answer the following questions using the tabulated project data. A Project Preceding Normal Normal Crash Crash Variance of Phase Phase Time Cost Time Cost Duration A 40...

1. The following historical data was compiled for the time (days) it takes to perform a task: 11, 18, 25, 30, 8, 42, 25, 30, 13, 21, 26, 35. 15. 23, 29, 36, 17, 25, 30, 21. Based on the given data,...

Perform the following tasks using the tabulated project data. Assume indirect costs are $150 for the "normal" network and decrease by $10 per day as the overall project duration is reduced. Direct...

Online Assignment: A Majestic Move Majestic Cookware Majestic Cookware is a market leader in making top of the line cooking equipment for domestic use. Cooking stoves, ovens, Toasters, bread makers,...

Perform the following tasks manually using the tabulated project data. Assume indirect costs are $200,000 for the normal network and decrease by $10,000 per day as the overall project duration is...

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee. 1...

What metals are frequently cast into products?

Suppose the discount rate is below the federal funds rate, and banks can borrow as much as they want from the Fed. How could a bank earn easy profits? Would the federal funds rate stay above the...

n the current year, the not - for - profit organization ( NFP ) How to Read Government Financial Reports received both cash of $ 1 , 0 0 0 and pledges of $ 2 , 0 0 0 to be used for teaching citizens...

Feng Li and Tanya Ng operate The Party Centre, a party supply store in Red Deer, Alberta. The partners split profits and losses equally, and each takes an annual withdrawal of $90,000. To even out...