In a project a certain activity has a large float. Resources are

available for either an early or a late start.

a$)$ Discuss the pros and cons of early and late starts. Consider the

risk of delaying the project, the risk of changes, management

focus, cash flow $($interest on the money spent$)$ and any other

factors that you can think of$.$

b$)$ Which of the factor$($s$)$ discussed above do you consider as

significant and which ones do you rate as unimportant?