Question: a. What is the minimum expected time in which this project can be completed and at what cost? b. What is the probability of completing

a. What is the minimum expected time in which
a. What is the minimum expected time in which this project can be completed and at what cost? b. What is the probability of completing the project in 27 weeks with this project plan ? 3] Suppose that the cost of being late to the market is estimated to be $30,000 per week ifthe project completion time exceeds 27 weeks .Develop a graph to depict the total cost function of crashing the project. (5 marks) 3. Graph should show the direct {crashing}. indirect (late penalties], and total 905\" for each week between the "Normal" project duration to the "Maximum Crashing " duration 4] Based on your total cost function developed in the previous question, determine the m ost r\"CostEffective" project com pletion time. {10 marks) a. Which taskls) would you recommend crashing to achieve this completion time and why? b. What is the probability of completing the project in 2? weeks with this project plan ? 5] Provide a short summary/comparison of the three scenarios and recommend a project plan to CES based on your analysis. (5 marks}

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