Normal completion time and accelerated completion time Steps that can be taken to crash the project to the shortest time at the lowest cost. Hint: Determine each step's cost and the duration of the project at that stage.

Development of Version 2.0 of a particularaccounting software product is being considered by JoseNoguera’s technology firm in Baton Rouge. The activitiesnecessary for the completion of this project are listed in thefollowing table: a) What is the project completion date?b) What is the total cost required for completing this projecton normal time?c) If you wish to reduce the time required to complete thisproject by 1 week, which activity should be crashed, andhow much will this increase the total cost?d) What is the maximum time that can be crashed? Howmuch would costs increase?

ANSWER THE FOLLOWING QUESTIONS ( SHOW ALL WORKINGS) 1. Determine and state the critical path for this project. 2. What are the expected time and the variance of the project? 3. What is the probability that the project is completed in 22 or fewer weeks 4. What date should be set such that there is a 94% chance of completion within that time?

Some projects do not continue to completion due to various reasons. Discuss any five reasons why a project could be terminated before the completion date.

Two activities on the same critical path are candidates for crashing on a CPM network. Activity details are in the table below. To cut one day from the project's duration, activity ________ should be crashed first, adding ________ to project cost.

Swimming Pool Installation: You are the project manager working for Mack's Pool Co. Your project consists of installing a new swimming pool at the local country club before Memorial Day weekend (pool opening weekend). You would like to find the minimum cost schedule for your project. There is a $9,000 per week penalty for each week the project is delayed beyond week 9. In addition, your project team determined that indirect costs are $15,000 per week. ACTIVITY Immediate Predecessor (s) NORMAL TIME (NT) CRASH TIME (CT) Normal Cost (NC) Crash Cost (CC) A -- 2 1 7,000 10,000 B -- 2 2 3,000 3,000 C A 3 1 12,000 40,000 D B 3 2 12,000 28,000 E C 1 1 8,000 8,000 F D, E 5 3 5,000 15,000 G E 3 2 9,000 18,000 Before crashing, the project duration is _________ week(s). The total cost of the project if we do nothing is $ __________ (round to the nearest dollar).   The minimum cost…

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A project consists of five activities listed below. The project network is shown for the activities. The critical path is B-C-E and the expected completion time is 8.     Optimistic Most Probable Pessimistic Activity Time (hr) Time (hr) Time (hr) A Floor sanding 3 4 5 B Paint mixing 0.5 1 1.5 C Ceiling painting 1 5.5 7 D Wall painting 1 2 9 E Floor buffing 1 2 3 What is the probability that the project can be completed within 9 hr.?

Define Time–Cost Models and Project Crashing?

Activity A can start as soon as the project starts, and set the earliest start time for activity an equal to 0. With an expected activity time of 5 weeks. Using this information what is the earliest finish time for activity A?