Question: Consider the following information about a small project: Task Budget Duration (days) Immediate Predecessors Shortest Time Possible Acceleration Cost per day A $200 2 None

Consider the following information about a small project:

Task

Budget

Duration

(days)

Immediate

Predecessors

Shortest Time

Possible

Acceleration

Cost per day

A

$200

2

None

2

B

$500

5

A

3

$30

C

$200

2

B

1

$15

D

$400

4

A

4

E

$300

3

B&D

1

$20

F

$400

4

E&C

2

$40

  1. (4 Points) Identify the critical path by forward and backward paths. For the tasks that are not on the critical path, identify their slacks.
  2. (4 Points) At the end of 8th day, assume the following progress of the project:
    1. Tasks A, B, D are 100% completed, and the actual costs spent for them are

$200, $500 and $450, respectively.

  1. Task C is 80% completed, and already cost $100
  2. Task E is 66.67% completed, and already cost $100
  3. Task F is not started yet, and didnt cost anything either.

Evaluate the progress of the project by filling the following blanks (both in the table and in the sentence below the table):

Task

Budget

Scheduled

Progress

Performed

Progress

ACWP

BCWS

BCWP

A

$200

100%

100%

$200

B

$500

100%

100%

$500

C

$200

80%

$100

D

$400

100%

$450

E

$300

66.67%

$100

F

$400

0%

Total

The whole project is (ahead of / behind) schedule, and (above / under) budget.

  1. (4 Points) Find the cost-effective way to reduce the completion time to 9 days using the format below:

Note: When you need to accelerate multiple tasks at the same time, please identify them in a single step, such as: Step **: Accelerate task(s) _** and ** by ** days.

Step 1: Accelerate task(s) by days

Step 2: Accelerate task(s) by days

Step 3: Accelerate task(s) by days

Step 4: Accelerate task(s) by days

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