Question: Consider a project whose activities are listed in the table below. In order to ensure that the project is completed on time, Activity C must

Consider a project whose activities are listed inConsider a project whose activities are listed in

Consider a project whose activities are listed in the table below. In order to ensure that the project is completed on time, Activity C must start, at the latest, by time: Activity Duration Immediate Predecessors None 10 A B None 2 B 2 D 2 E D AE F 4 G F 4 O a. 1 Ob. 2 O c.3 O d.4 Consider the following project. Assume indirect costs to be $10,000 per week, and that there are no penalty costs for late completion. Total "normal direct costs, to complete the project in "normal" time, are $200,000, they would like to "crash" the project as long as it saves money (i.e. find the MINIMUM COST SCHEDULE). What would be the total REDUCTION in project duration and the REDUCTION in total project costs if the project is crashed to achieve the minimum cost schedule? 4 *(Note that the table provides normal time, maximum amount that normal time can be reduced by, and cost per week to reduce normal time). Activity Immediate Normal Time Max possible time Cost of Crashing Predecessors (weeks) Reduction (weeks) per Week ($) A None 7 2 12.000 B None 6 2. 3,000 None 8 9,000 D A,B 4 1 5.000 E 6 3 4,000 F D 7 3 7.000 G E 5 2 9,000 F G 4 6,000 G 2 3,000 1 - 1 For the sake of ensuring that you start on the right foot, the paths and durations are as follows: A-D-F-H = 22 weeks B-D-F-H = 21 weeks C-E-G-H = 23 weeks C-E-G-I = 21 weeks Please answer the following with whole number answers (no decimals or dollar signs or commas). The minimum cost schedule reduces the project duration by weeks and saves original "normal cost" of the project. dollars from the

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!