Problem 2A network with the activity times (in days) and other relevant data is shown below.A(4)B(2)C(4)D(3)E(5)F(6)G(2)I(5)H(3)J(7) ActivityABCDEFGHIJNormal Time424356235Time (days)7Crash Time4122431227Normalcost$5,000$4,000$9,000$5,000$9,000$7,000$2,000$6,000$10,000$8,000Cost increment/day crashed$1,000$500$700$1,000$700$1,000$1,000$800a. Find the critical path and the normal project length.b. Find the project length and project cost if all activities are crashed to their minimumcompletion times.c. Which activities would you crash? What would be the total cost when crashing only theseactivities (rather than all of them, as above)?

A network diagram is a graphical representation of a project that helps to identify the activity…

Answered: a. Find the critical path and the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Similar questions

Which activities or tasks are crucial to the project-that is, which activities will cause the entire project to be delayed if they are delayed?
What is the least expensive way of crashing some activities to reduce the (estimated) project duration to the specified level?
You are assisting the head of the marketing department to develop a project charter for a project titled, COVSTRONG 2021, which will be implemented later this year. Based on your knowledge of this activity and process (i.e. creating the project charter), at what stage of the project life cycle is the COVSTRONG 2021 Project? Select one: a.Executing b.Closeout c.Initiation d.Planning
My project is to build the Army's new ACFT test. This project will take two years to complete. Initial Investment will be 75,000. The start date is 8 November 2023. The PT test would consist of running 6 lanes and then a two mile run . We would have to obtain all the equipment before transferring over but we also need a testing phase. After testing phase we need PT graders then implement of the new PT test. Part 1: Project Scope Create a Project Scope for your project. You can follow the examples in your textbook. For this project the following items are necessary in the Scope Statement: · Project Objective · Project Deliverables · List several milestones · Technical Requirements · Project Constraints or Limits · Ethical and Social Responsibility considerations · Customer review (The name of your Instructor) Part 2: WBS Next create the Work Breakdown Structure (WBS) for your project. You will need to have at least 20 tasks. You should break the work down to a level…
There are many project planning methodologies available and Babu (2019) lists some of them. Use the Agile projectplanning methodology and appraise it in the context of a project that you know of.
What is the probability that the project will be completed by a specific date?
To finish crashing the project by the required 6 days (6 days total off the original project duration), which activity (or activities) should you now crash? O A C and G B and C B and G O E Crash the project by 6 days. What is the total cost of crashing the project (just the additional cost, not total project cost)? (Display your answer to two decimal places.) Number
he project charter involves several elements including, the project manager and project title. Use suitable examples to explain any other five elements of the project charter Milestone schedule Key assumptions Constraints Major risks
What is the total crashing cost?
Page 3 of 5You have recently gained your APM Risk qualification and have been asked to join the University’s project team on a consultancy basis to help implement a robust riskmanagement process on the project.Section A Questionsa) List 5 Stakeholders in the projectb) State the main objectives and success criteria for the project.c) Prepare a draft risk management plan, completing all relevant sections with information obtained from the case study. Marks will be awarded according to the following scheme:i.Introductionii.Project Description iii.Purpose and Scope of Risk Managementiv.Risk Management Organisation v.Risk Management Process vi.Key deliverables d) State 5 risks that may occur on this project. Ensure that risks are stated using the formatcause – risk event – effect. e) For 2 (two) of the stated risks State who (in your opinion) the potential owner would be Explain (again in your opinion) what could be done to respond to the risk  State (in your opinion) what would be the…
Can you please assist with this homework? The name of the project is setting up A New IT System in the local College. Now that you have selected a project (a case), develop an analytical report of the project with specific focus on the components and questions/statements listed below: (1) State the name of the project and give a brief description of the project. (2) Outline the problem(s) that the project was initiated to solve or the opportunity it exploited. (3) Describe the technique or method used to select the project. (4) Identify and describe at least five (5) characteristics that make this endeavour a project. (5) Identify the project developmental approach used for the project. Give reasons or justification for your conclusion(s). Hint: (Agile, Waterfall/Traditional, or Hybrid approach?) (6) Using your knowledge of the project life cycle and information gathered from the examination of the project documents, describe the phases of the project and the key activities/tasks…
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

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