Question: 1) Projects not managed properly can run into all sorts of problems. Explain broadly how costs, quality, and timeliness of projects can be affected

1) Projects not managed properly can run into all sorts of problems.

1) Projects not managed properly can run into all sorts of problems. Explain broadly how costs, quality, and timeliness of projects can be affected by mismanagement. 2) Activity A B C D E F G Immediate Predecessor A A B B C E, F D G, H Time 5 2 4 57 6 5 2 H I 3 5 Draw the network diagram. What is the critical path, what is the project duration time, and what are the slack times of the activities? Show all your work. 3) Activity A B C D E F G Immediate Predecessor Normal Time (Hours) Crash Time (Hours) - 3 A A A B, C C, D E, F 4352 3 4 1 332 2 2 1 A has a crash cost of $2,000/hour, C has a crash cost of $1,500/hour, E has a crash cost of $1,000/hour, and F has a crash cost of $1,200/hour. What is the minimum cost of reducing the project duration by 3 hours?

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