a. You are considering completing this project in the shortest time possible. What is the fastest the project can be completed, and the associated costs (incremental and total) of that approach (without incurring any unnecessary costs)? Your solution must indicate the step by step (one week at a time) order and duration of the 'crashing' of activities so that HQ can choose their preferred combination of cost and schedule. b. IF the opportunity cost of lost profits due to this building being closed for renovation were estimated at $55,000 per week, what project duration would you recommend?

5. Project Crashing (15 marks) a. You are considering completing this project in the shortest time possible. What is the fastest the project can be completed, and the associated costs (incremental and total) of that approach (without incurring any unnecessary costs)? Your solution must indicate the step by step (one week at a time) order and duration of the 'crashing' of activities so that HQ can choose their preferred combination of cost and schedule. b. IF the opportunity cost of lost profits due to this building being closed for renovation were estimated at $55,000 per week, what project duration would you recommend? increase in costs for a given activity is assumed to be constant