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Unformatted text preview: Which activity times need to be crashed, i.e., reduced, and by how many weeks? What is the total project cost to complete in 15 weeks? How much is more or less cost to finish the project in 15 weeks as compared to finish by normal times in (d)? Crash activities A by 5 weeks, B by 2 weeks, E by 2 weeks, F by 4 weeks, and G by 4 weeks. 2(a). Using the information in the above table, (b). Using the information in the above Total project costs = $30000. what is the chance to finish the project in (≤ ) 130 table, what is the chance to finish the days? P(X≤ 130)=P(Z≤ (130 127)/9.83192) project over (>) 135 days? P(X>135)=P(Z>(135 127)/9.83192)= =P(Z≤ 0.31) =0.5+0.1217=0.6217 Save 31100 30000=$1100 as compared to P(Z>0.81) =0.5 0.2910=0.209 (c). Using the information in the above table, if the company is to be 99% sure normal completion cost target due date (D) should be? P(X≤ D)=0.99,
to finish the project, what is the
(d). Based on the above analysis, is the Z=2.33. D=127+2.33*9.83192=149.9 days or to set the deadline at 150 days
project cost at day 58 under run or overrun 3. Given the following activity information 4(a). What is...
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This test prep was uploaded on 04/02/2014 for the course MGT 2251 taught by Professor Chang during the Fall '08 term at Georgia Institute of Technology.
 Fall '08
 CHANG
 Management

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