Question: Part V . Part V . Reducing project duration ( 2 1 points ) You are crashing a project using the following network and data.

Part V. Part V. Reducing project duration
(21 points) You are crashing a project using the following network and data. The initial indirect costs
will be $1,200 and can be reduced by $120 each crashed day.
V.1. Compute maximum crash time and cost slope and fill in the given table.
V.2. Reduce the schedule until you reach the crash point of the network. For each move identify the
activity(ies) crashed and the adjusted total cost.
V.3. What is the optimum cost-time schedule for the project? What is this cost?
Part V. Part V. Reducing project duration (21 points) You are

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!

Q:

i need the answer of the both questions 324 Chapter 9 Reducing Project Duration Exercises 1. Draw a project network from the following information, Duration Activity A B D E F G H Predecessor None A...

Q:

1) create a newtwork diagram. ensure the diagram uses the 6 boxes for each task with ES, EF, LS, LF and duration. create an ES/EF table and show the critical path 2) conpile a table showing: a) each...

Q:

Problem 111: [25 points} Imagine on this project you have only two resources, who have the exact same skills and can do any of the tasks, and when assigned to a task, their time is 100% dedicated to...

Q:

Answer what u can PART A - PROJECT MANAGEMENT Craith Energy, a fully integrated oil \& gas company has decided to implement an Enterprise Resource Planning (ERP) integrated business system to help...

Q:

Project Management: Scheduling Resources and Costs & Reducing Project Duration Bjorn and Thor are plumbers who have been scheduled to work on the construction of a new school building. Just before...

Q:

Save and Submit 1. QUESTION 1 Which of the following items must be included in a Project Charter? A. Names of all of the team members who will work on the project. B. The impact of business cycles on...

Q:

Question 4 (10 points) Listen Reducing Project Duration Crash cost (slope), maximum crash time, normal time, and normal cost are provided below. The indirect costs for each project duration are: $550...

Q:

Perform the following tasks manually using the tabulated project data. Assume indirect costs are $200,000 for the normal network and decrease by $10,000 per day as the overall project duration is...

Q:

Question 12. Part 1-3. PLEASE DO ALL PARTS. I WILL GIVE A RATING. A. Activity that should be crashed first to reduce the project duration by 1 day is ___ B. Activity that should be crashed next to...

Q:

please see the document at page 3&4 , the tutorial question. THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF ACCOUNTING ACCT2522 Management Accounting 1 Session 1, 2016 Tutorial Week 12 - Project...

Q:

Flint Corporation purchased a 20% interest in Moss Inc. for $160. This investment gave Flint significant influence over Moss. During the year, Moss earned a net income of $15 and paid dividends of...

Q:

Vargo Company has bonds payable outstanding in the amount of $500,000, and the Premium on Bonds Payable account has a balance of $7,500. Each $1,000 bond is convertible into 20 shares of preferred...

Q:

The following transactions occurred during the month of April for Nelson Company: a. Purchased materials costing $4,610 on account. b. Requisitioned materials totaling $4,800 for use in production,...

Q:

Rewrite the Loan class to implement Serializable. Write a program that creates an array of five Loan objects and stores the array in a file. Here is the Loan Class: public class Loan { private double...