Question: PROBLEM 5: TIME-COST TRADE-OFF = CRASHING A PROJECT = REDUCING PROJECT DURATION (17 points) Chapter 7 Appendix 1 B Start Finish D Cost in USD.

PROBLEM 5: TIME-COST TRADE-OFF = CRASHING A PROJECT = REDUCING PROJECT DURATION (17 points) Chapter 7 Appendix 1 B Start Finish D Cost in USD. Time in weeks. Complete the following table: Normal Time Normal Cost Crash Cost Acceleration cost/week Activity Crash Time A 8 6 60.000 70.000 B 7 50.000 80.000 9 8 45.000 60.000 D 10 60.000 75.000 7 Total Normal Cost a. Calculate the acceleration cost/week for each activity. (3 points) b. List all paths and their associated total normal time. Path example: Start -> -> .... -> Finish = ... weeks. (3 points) C. Which path is the critical path? Why? (2 points) d. How long will it take to finish this project using the normal time? (2 points) e. Calculate the total normal cost. (2 points) f. If you want to reduce the project duration by 1 week, which activity will you accelerate? Why? (3 points) g. Calculate the total project cost after you accelerate the project by 1 week. (2 points)

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