Calculate the expected project completion time

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Reference no: EM13103766

#2 Consider a project having the following ten activities: 

Activity

Immediate Predecessors

Normal Time (weeks)

Normal Cost

($)

Crash Duration

(weeks)

Crash Cost

($)

Max. Weeks Reduced

A

none

7

3,000

6

6,000

1

B

A

8

5,000

6

9,000

2

C

A

2

2,000

1

3,000

1

D

A

4

3,000

4

3,000

0

E

B, C

9

4,000

7

6,000

2

F

C, D

6

4,000

4

9,000

2

G

E

2

3,000

2

3,000

0

H

E, F

9

4,000

7

7,000

2

I

G

1

4,000

1

4,000

0

J

H, I

8

2,000

6

7,000

2

(a) Draw a network diagram. What is the expected project completion time?

(b) What is the critical path?

(c) What is the most economical way and how much will it cost to reduce the completion time of the project by three weeks? By five weeks?

Please be very clear and neat when writing the answer i would greatly appreciate it and show all work . Thank you and you will be rewarded highest amount of points

 

 

Reference no: EM13103766

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