I need solve this in project management Q3) 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 reducethe following project to its shortest duration. Use the tables provided on the following page.b) Draw bar charts for the project for bothi.ii.the normal project duration, andthe crash project duration.c) Draw a graph (time vs. $) showing the cumulative cost profiles for both the normal projectduration and the crash project duration.Act. IDABсDEFGH1JKCycle #PNormal CrashTime Time17633787535ActivityToShorten14421546324Can beShortened38NormalCost (S)8001000300400100500200350700500450N.I.L.2CrashCost (5)800160050080020080014006008501000800DaysShortenedTimeDifferenceCost per Cost forDayCycleCostDifference $/Day($)Total ProjectCost Duration

Critical path = A-B-F-H-K with duration = 27 days

Q3) 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 the crash project duration. c) Draw a graph (time vs. S) showing the cumulative cost profiles for both the normal project duration and the crash project duration. 3 Act. ID A B C D E F G H I J K Cycle # G Normal Time 1 7 6 3 3 7 8 7 5 3 5 Activity То Shorten Crash Time 1 4 4 2 1 5 4 6 3 2 4 Can be Shortened F 8 Normal Cost (5) 800 1000 300 400 100 500 200 350 700 500 450 NIL 2 Crash Cost (5) 800 1600 500 800 200 800 1400 600 850 1000 800 Days Shortened ļ Time Difference Cost per Day Cost for Cycle Cost Difference (5) Total Cost S/Day Project Duration

Q3) 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 the crash project duration. c) Draw a graph (time vs. S) showing the cumulative cost profiles for both the normal project duration and the crash project duration. 3 Act. ID A B C D E F G H I J K Cycle # G Normal Time 1 7 6 3 3 7 8 7 5 3 5 Activity То Shorten Crash Time 1 4 4 2 1 5 4 6 3 2 4 Can be Shortened F 8 Normal Cost (5) 800 1000 300 400 100 500 200 350 700 500 450 NIL 2 Crash Cost (5) 800 1600 500 800 200 800 1400 600 850 1000 800 Days Shortened ļ Time Difference Cost per Day Cost for Cycle Cost Difference (5) Total Cost S/Day Project Duration

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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