Table $2$: Project Crash Data

Note: If multiple critical paths exist, select the path with the highest variance $($standard

deviation$)$ to use in probability calculations so that uncertainty is better accounted for.

Assignment Questions:

The critical path is A$,$C$,$D$,$G$,$K$,$L

$(20$ marks$)$ Suppose that the cost of being late to the market is estimated to be

$$30,000$ per week if the project completion time exceeds $26$ weeks. Determine the

most "Cost$-$Effective" project completion time.

a$.$ Which task$($s$)$ would you recommend crashing $($and how$)$ to achieve this

cheapest completion time and why?

b$.$ What is the total cost of crashing the project to complete the project in $26$

weeks and is it worth it and why?

c$.$ What is the probability of completing the project in $26$ weeks with this

project plan?