PROJECT MANAGEMENT HOMEWORK-2 TIME-COST CONSIDERATIONS For a project, an estimated normal time with an associated normal cost is given for each activity Crash times, the minimum duration required to complete each activity, and their associated crash costs are also given Activity www.Pred. TIME (WEEKS) Normal Crush COST (S) Normal Chesh 40 000 40 000 48 000 56 000 80 000 85 000 55 000 59 000 90.000 98 000 75 000 84 000 25 000 32 000 15 000 15 000 AC 2 Situation: Critical path is B-C-F-G-H and critical path time is 20 weeks. Requirement: Crash the project from its normal completion time of 20 weeks down to 16 weeks Which activities will be shortened for which amount of cost? What is the cost of the Project for the 20 weeks time? What is the cost of the Project for the 16 weeks