Question: 7 . The following table refers to a project in which the objective is to raise capital for a commercial building activity. ACTIVITY DURATION (

7. The following table refers to a project in which the objective is to raise capital for a commercial building activity.
ACTIVITY DURATION (Days) PREDECESSORS
A 7-
B 4-
C 5 A, B
D 19 C
E 9 C
F 7 E
G 10 C
H 5 D, E, G
I 8 G, F
J 5 H
K 29 I, J
For parts a and b below you can use MS Project if you so desire. If you do so, please cut and paste the relevant pages from MS Project (do not send me the whole MS Project file)
a. Draw a network diagram of the project
b. Identify the critical path, its duration and the activity slacks.
Consider the additional Time/Cost trade-off data.
ACTIVITY Normal Duration Normal cost Crash Duration Crash Cost
A 7 $3,0004 $4,500
B 45,00025,350
C 56,0005(cannot crash)-
D 1920,0001629,000
E 910,000712,000
F 77,00068,000
G 1020,000826,000
H 58,000410,000
I 85,00075,600
J 57,00047,650
K 2912,0002318,000
c. Assume the overhead costs for this project are $700 per day. What is the optimal crashing strategy? Please describe you crashing strategy step-by-step.
d. What is the optimal project duration? What are the critical paths as a result of your crashing?

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