Question: (MGT400) Project Management Chapter 9: Reducing Project Duration (page 304-323) Textbook/material required: Larson, E. and Gray, C (2017) Project Management, the Managerial Process. 7th Edition,

(MGT400) Project Management

Chapter 9: Reducing Project Duration (page 304-323)

Textbook/material required: Larson, E. and Gray, C (2017) Project Management, the Managerial Process. 7th Edition, New York: McGraw Hill, ISBN 978-1-259-01070- 8.

Please answer all questions, according to Chapter 9: Reducing Project Duration ...

(MGT400) Project Management Chapter 9: Reducing Project Duration (page 304-323)Textbook/material required: Larson,

E. and Gray, C (2017) Project Management, the Managerial Process. 7th Edition,

Project Crashing Example (Reducing Duration) Time {weeks} Cost (MD) Max. Crash Normal Crash Normal Crash Time Target is 5 week crashing {reduce the duration} Given data; CPM is A, C, E, F activities Questions; 1.Calculate the Max. Crash time and Slope 2.Crash the project for 5 weeks (calculate crashing cost} 3.Calculate the total cost of the project (before and after ashing] Project Crashing Example (Reducing Duration) Time (weeks) Cost (KWD) Max. Crash Slope Activity Normal Crash Normal Crash Time A 2 1 2200 2400 1 200 B 5 2 3600 3900 3 100 C 3 2400 2700 2 150 D 6 N 4100 4500 4 100 E 4 4900 5200 2 150 F 5 3 1600 1850 2 125 Step 2: Project crashing (reducing) is required as 5 CPM is A, C, E, F activities weeks, therefore the calculation is; Target is 5 w. crashing (reduce the duration) Activity F => 2 x 125 KWD = 250 KWD Activity E => 2 x 150 KWD = 300 KWD Activity C => 1 x 150 KWD = 150 KWD Project reducing (crash) cost is = 700 KWD 31(13. Discuss four options of accelerating the project completion when the project is operating under resources constrained. {20 points) (14. Based on the project data provided in the table below, answer questions a) to d). (30 points) I Timelweeks} Cost [KB] I Max. Crash Slope I Activity I Normal Crash Normal Crash I Time I A I 9 a 33000 35000 I B 11 a 47000 50000 I c 13 11 25000 29000 0 25 22 53000 55500 E 31 30 50000 53000 F 15 13 25000 30000 I G 13 15 53000 71000 I H 45 41 35000 39000 I I I 14 11 23000 25000 I I 14 13 23500 25500 CPMisABDEGHJ a] Calculate the maximum crashing time (Max. Crash Time} and Slope for each activity. (10 points) b} Crash the project (reduce the duration) for 8 weeks. (5 points) c) What is the total cost of the project before and after crashing it by 8 weeks? Briefly explain the costs included in the calculations. {10 points] d} What can be the maximum crashing time for the overall project? Explain briefly. (5 points) Note: You need to show all calculation steps in your answers

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