Question 1:

What do you mean by crash duration? Explain the Time-Cost Optimization algorithm

• crash duration/crash time - explanation including figures 
• Steps of Time-Cost Optimization algorithm

Describe how you can choose an appropriate forecasting model

• Guidelines for Selecting a Model for the Purpose of Forecasting
• Performing a Residual Analysis
• Measuring the Magnitude of the Residual Error Through Squared or Absolute Differences
• Mean Absolute Deviation
• Principle of Parsimony

Question 2:

a. Prepare a note on Graphical Evaluation and Review Technique

A Explanation of GERT

How GERT accommodates contingency of PERT

Describe the time-series smoothing

A Moving averages
Exponential Smoothing

Show how you will forecast project cost at completion