Question: Question 3 It is sometimes necessary to compress a project's time scale for business or operational reasons. This compression process is referred to as crashing

Question 3 It is sometimes necessary to compress

Question 3 It is sometimes necessary to compress a project's time scale for business or operational reasons. This compression process is referred to as crashing a project'. a) Explain the concept of crashing a project using a time/cost graph. [6 Marks] b) Table 3.1 contains project detail in normal form. Find the minimum possible time for the project together with the associated cost. [7 Marks) Activity Crash cost A B D E F G Predecessor Normal Crash time Normal time cost 2 1 10,000 8 5 15,000 A 4 3 20,000 B 1 1 7000 B 2 1 8000 C, D 5 3 10,000 E 6 2 12,000 Table 3.1 - Project Detail 15,000 21,000 24,000 7000 15,000 16,000 36,000 c) Reviewing the results, you obtained from Part B of this question identify 3 major risks that emerge from the crashing activity and outline a mitigation measure for one of these risks - you should consider increasing the cost and time for mitigation. [7 Marks]

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