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The time and cost values for the project below are shown on the following page. a. Using the time-cost trade-off process shown in class, determine the logical steps to reduce the following project to its shortest duration. Use the tables provided on the following page. b. Draw bar charts for the project for both (i) the normal project duration, and (ii) the crash project duration. c. Draw a graph (time vs. $) showing the cumulative cost profiles for both the normal project duration and the crash project duration. Draw the profiles on the same graph. A 1 В E H 3 7 B7 96 F I K 7 5 5 D G J 3 8 The time and cost values for the project below are shown on the following page. a. Using the time-cost trade-off process shown in class, determine the logical steps to reduce the following project to its shortest duration. Use the tables provided on the following page. b. Draw bar charts for the project for both (i) the normal project duration, and (ii) the crash project duration. c. Draw a graph (time vs. $) showing the cumulative cost profiles for both the normal project duration and the crash project duration. Draw the profiles on the same graph. 1 B E H 7 3 7 F7 I 5 D3 Ꭰ G 8 J 3 K 5 Normal Act. ID Time Crash Time Normal Cost ($) Crash Cost ($) Time Difference Cost Difference ($) $/Day A 1 1 800 800 B 7 4 1000 1600 CDEFG C 6 4 300 500 3 2 400 800 3 1 100 200 7 5 500 800 8 4 200 1400 H 7 6 350 600 | 5 3 700 850 J 3 2 500 1000 K 5 4 450 800 Cycle # Activity Το Shorten Can be Shortened Days Shortened Cost per Day Cost for Cycle Total Cost Project Duration ۲/۲

The time and cost values for the project below are shown on the following page. a. Using the time-cost trade-off process shown in class, determine the logical steps to reduce the following project to its shortest duration. Use the tables provided on the following page. b. Draw bar charts for the project for both (i) the normal project duration, and (ii) the crash project duration. c. Draw a graph (time vs. $) showing the cumulative cost profiles for both the normal project duration and the crash project duration. Draw the profiles on the same graph. A 1 В E H 3 7 B7 96 F I K 7 5 5 D G J 3 8 The time and cost values for the project below are shown on the following page. a. Using the time-cost trade-off process shown in class, determine the logical steps to reduce the following project to its shortest duration. Use the tables provided on the following page. b. Draw bar charts for the project for both (i) the normal project duration, and (ii) the crash project duration. c. Draw a graph (time vs. $) showing the cumulative cost profiles for both the normal project duration and the crash project duration. Draw the profiles on the same graph. 1 B E H 7 3 7 F7 I 5 D3 Ꭰ G 8 J 3 K 5 Normal Act. ID Time Crash Time Normal Cost ($) Crash Cost ($) Time Difference Cost Difference ($) $/Day A 1 1 800 800 B 7 4 1000 1600 CDEFG C 6 4 300 500 3 2 400 800 3 1 100 200 7 5 500 800 8 4 200 1400 H 7 6 350 600 | 5 3 700 850 J 3 2 500 1000 K 5 4 450 800 Cycle # Activity Το Shorten Can be Shortened Days Shortened Cost per Day Cost for Cycle Total Cost Project Duration ۲/۲

Fundamentals Of Construction Estimating
Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter8: Pricing Generally
Section: Chapter Questions
Problem 14RQ
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Project management

The time and cost values for the project below are shown on the following page. a. Using the time-cost trade-off process shown in class, determine the logical steps to reduce the following project to its shortest duration. Use the tables provided on the following page. b. Draw bar charts for the project for both (i) the normal project duration, and (ii) the crash project duration. c. Draw a graph (time vs. $) showing the cumulative cost profiles for both the normal project duration and the crash project duration. Draw the profiles on the same graph. A 1 В E H 3 7 B7 96 F I K 7 5 5 D G J 3 8
Transcribed Image Text:The time and cost values for the project below are shown on the following page. a. Using the time-cost trade-off process shown in class, determine the logical steps to reduce the following project to its shortest duration. Use the tables provided on the following page. b. Draw bar charts for the project for both (i) the normal project duration, and (ii) the crash project duration. c. Draw a graph (time vs. $) showing the cumulative cost profiles for both the normal project duration and the crash project duration. Draw the profiles on the same graph. A 1 В E H 3 7 B7 96 F I K 7 5 5 D G J 3 8
The time and cost values for the project below are shown on the following page. a. Using the time-cost trade-off process shown in class, determine the logical steps to reduce the following project to its shortest duration. Use the tables provided on the following page. b. Draw bar charts for the project for both (i) the normal project duration, and (ii) the crash project duration. c. Draw a graph (time vs. $) showing the cumulative cost profiles for both the normal project duration and the crash project duration. Draw the profiles on the same graph. 1 B E H 7 3 7 F7 I 5 D3 Ꭰ G 8 J 3 K 5 Normal Act. ID Time Crash Time Normal Cost ($) Crash Cost ($) Time Difference Cost Difference ($) $/Day A 1 1 800 800 B 7 4 1000 1600 CDEFG C 6 4 300 500 3 2 400 800 3 1 100 200 7 5 500 800 8 4 200 1400 H 7 6 350 600 | 5 3 700 850 J 3 2 500 1000 K 5 4 450 800 Cycle # Activity Το Shorten Can be Shortened Days Shortened Cost per Day Cost for Cycle Total Cost Project Duration ۲/۲
Transcribed Image Text:The time and cost values for the project below are shown on the following page. a. Using the time-cost trade-off process shown in class, determine the logical steps to reduce the following project to its shortest duration. Use the tables provided on the following page. b. Draw bar charts for the project for both (i) the normal project duration, and (ii) the crash project duration. c. Draw a graph (time vs. $) showing the cumulative cost profiles for both the normal project duration and the crash project duration. Draw the profiles on the same graph. 1 B E H 7 3 7 F7 I 5 D3 Ꭰ G 8 J 3 K 5 Normal Act. ID Time Crash Time Normal Cost ($) Crash Cost ($) Time Difference Cost Difference ($) $/Day A 1 1 800 800 B 7 4 1000 1600 CDEFG C 6 4 300 500 3 2 400 800 3 1 100 200 7 5 500 800 8 4 200 1400 H 7 6 350 600 | 5 3 700 850 J 3 2 500 1000 K 5 4 450 800 Cycle # Activity Το Shorten Can be Shortened Days Shortened Cost per Day Cost for Cycle Total Cost Project Duration ۲/۲
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