TOPIC: Time and Cost Management.

a) define schedule compression and discuss its three types. (6 marks) b) Explain how you can use critical path analysis to make schedule tradeoffs c) Discuss types of events in project time and cost. (6 marks)C G H 7 Required: n. Draw the PERT network diagram and determine its critical path method, (4 marks) b. Find Z. if the project is to be completed within 30 weeks. (3 marks) c. Determine the project float. (3 marks) d. State four differences between CPM and PERT. (4 marks) e. State and explain any four types of cost in project time and cost management. [6 marksa A project has the following activities and other characteristics Activity Preceding Time estimates in weeks activity Most Most likely Most pessimistic optimistic None 5 None A B 4