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Q1. Based on the table given below, answer the questions. (30 points) Show all calculation steps in the answers Maximum Crash Time Direct Costs Slope Activity Normal Crash ID Time Cost ($) Time Cost ($) A 200 6 260 10 (160 7 240 22 |320 20 410 D 125 200 22 290 E 14 200 19 375 18 180 14 380 G 12 140 10 (190 9 B IF CPM is ADFG a) Calculate the Maximum Crash Time and Slope. (8 points) b) Crash the project (reduce the duration) by 8 weeks. (10 points) c) What is the total cost of the project before and after crashing? (4 points) Briefly explain all the costs included in the calculation. (2 points) d) Calculate and interpret the maximum crashing time for the overall project. (Hint: Analyze for how many weeks you can perform project crashing.) (6 points) Q2. In the image below it is shown the Project Cost - Duration Graph. (9 points) Describe in detail the three costs presented in the graph. Explain what are the Optimum cost-time point and *Low-cost plan duration point: (3 points) Which point is considered when crashing the project? Explain why. (3 points) 60 Total costs 50 Optimum cost-time point 40 Costs 30 Low-cost plan duration point Direct costs 20 10 Indirect costs 12 10 Project duration FIG 1. PROJECT COST-DURATION GRAPH Q3. Explain all the types of Project Closure. (10 points) Provide an example for each of them. (5 points) Q4. What is retrospective? (5 points) Why is so important in terms of project management? (5 points) Explain briefly the steps. (10 points) Q5. Discuss the performance evaluation process conducted during the project closure stage. Provide some facts and examples to support your discussion (20 points) Q1. Based on the table given below, answer the questions. (30 points) Show all calculation steps in the answers Maximum Crash Time Direct Costs Slope Activity Normal Crash ID Time Cost ($) Time Cost ($) A 200 6 260 10 (160 7 240 22 |320 20 410 D 125 200 22 290 E 14 200 19 375 18 180 14 380 G 12 140 10 (190 9 B IF CPM is ADFG a) Calculate the Maximum Crash Time and Slope. (8 points) b) Crash the project (reduce the duration) by 8 weeks. (10 points) c) What is the total cost of the project before and after crashing? (4 points) Briefly explain all the costs included in the calculation. (2 points) d) Calculate and interpret the maximum crashing time for the overall project. (Hint: Analyze for how many weeks you can perform project crashing.) (6 points) Q2. In the image below it is shown the Project Cost - Duration Graph. (9 points) Describe in detail the three costs presented in the graph. Explain what are the Optimum cost-time point and *Low-cost plan duration point: (3 points) Which point is considered when crashing the project? Explain why. (3 points) 60 Total costs 50 Optimum cost-time point 40 Costs 30 Low-cost plan duration point Direct costs 20 10 Indirect costs 12 10 Project duration FIG 1. PROJECT COST-DURATION GRAPH Q3. Explain all the types of Project Closure. (10 points) Provide an example for each of them. (5 points) Q4. What is retrospective? (5 points) Why is so important in terms of project management? (5 points) Explain briefly the steps. (10 points) Q5. Discuss the performance evaluation process conducted during the project closure stage. Provide some facts and examples to support your discussion (20 points)