Question: For the below project 3+12+4+2+2+2= 25 a) What do you understand by the term Project? What are the characteristics of projects? Please provide 3 examples

For the below project 3+12+4+2+2+2= 25

a) What do you understand by the term Project? What are the characteristics of projects? Please provide 3 examples for projects 3

b) Draw Network Diagram, find Critical path, completion time 8+2+2=12

c) Find float/ slack for each activity. 4

d) Can activity I be delayed? If yes, then for how many days? If $1000 can be saved for each delayed day of activity I, then how much dollar can be saved keeping the project completion time unchanged? 2

e) Activity F needs a delayed time of two days and extra time of five days, is it possible by keeping the project completion time unchanged? Explain. 2

f) The PM wants to shorten the duration of the activity J from 6 days to 2 days. What will be the impact of this change on project completion time?

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