Question: 2. As a project manager, consider a network with the data shown below for your project: (15 points) a Activity Normal Time Normal Cost Crash

2. As a project manager, consider a network with

2. As a project manager, consider a network with the data shown below for your project: (15 points) a Activity Normal Time Normal Cost Crash Time Crash Cost Crash Cost/wk TO A A B D E 5 weeks 8 weeks 7 weeks 3 weeks 3 weeks $8,000 $8,000 $9,000 $5,000 $5,000 4 weeks 6 weeks 4 weeks 1 week 2 weeks $8,500 $9,400 $9,600 $5,800 $6,000 $500 $700 $200 $400 $1,000 a (a) Assume that Activities A, B, and E are critical path activities. If you need to shorten the total project time due to a market change, which activity should be "crashed" first, assuming crash cost is important for the change? Why do you pick the activity? (b) If we crashed Activity B by two weeks, which of the following statement is the most correct one and why? bl. The project's schedule will be reduced by two weeks b2. The available slack on the non-critical paths will increase b3. A new critical path may appear after the crash b4. All of the above b5. b1 and b2 only

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 General Management Questions!

1. As a project manager, consider a network with the data shown below for your project: (12 points) Activity Normal Time Normal Cost Crash Time Crash Cost Crash Cost/wk A B D E 6 weeks 8 weeks 7...

Chapter Three Part Two Problems Total Marks = /45 Question #1 /12 marks The network below represents a project being analyzed by Critical Path Methods. Activity durations are A = 5, B = 2, C = 12, D...

A project consists of the following activities the normal and crash times and costs are given in table. (15 marks) a- Draw the network diagram. b Determine minimum total time and corresponding cost....

Question 26 O out of 2 points 2 B 6 Conduct Interviews 0 2 8 4 Days Plan Research 12 Compile Results 4 8 2 8 2 Days Review Reports 4 Days ? ? 8 12 ES Code EF act Legend 6 Days ? ? LS LF Consider the...

The critical path for the network activities shown below is ________ with duration ________. Activity Duration Immediate Predecessors A 2 -- B 4 -- C 6 A,B D 1 A,B E 2 B,C,D Activity Preceding...

Remaining Time: 1 hour, 37 minutes, 20 seconds Question Completion Status Task Duration Predecessors 5 None A B 3 A 4 A D 2 E + HD 2 points) a What is ES EF LS LF for activity D? 3 points) b. What is...

Five critical path activities are candidates for crashing on a CPM network. Activity details are listed in the table below for developing a new product in a food manufacturing company. Note: write...

Write the APT geometry statements to define the hole positions of the part. Use the lower left corner of the part as the origin in the x-y axis system. Discuss.

You have the following projects available: Time Period 0 1 2 3 4 10 5 Discount Rate Payback Period PI NPV IRR IRR (if it exists) Project A -$40,000.00 $35,000.00 $15,000.00 $9,000.00 $2,000.00...

Item 3 Time Remaining 1 hour 6 minutes 2 8 seconds 0 1 : 0 6 : 2 8 Item 3 Time Remaining 1 hour 6 minutes 2 8 seconds 0 1 : 0 6 : 2 8 Which of the following factors most likely would cause an auditor...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...