Quantitative Methods II - Question 1B. Please answer 1, ii, iii. Thank you B. Great Works Construction has tendered for another project.Their preliminary evaluation has shown the following activities andcosting will be necessary for successful completion of this job.Your analysis will help Great Works decide on whether or not thisproject is profitable.Activity PredecessorABCDEFAAB, CCD, ENormalTime (Wks)98155102CrashTime (Wks)6510361NormalCost ($)2,0002,0005,0001,00010,0004,000CrashCost ($)11,00012,50025,0005,00020,0009,000i. Determine the length of the project.ii. What is the project length if all activities are crashed to theirminimum?iii. Great Work's will lose $3500 in profit weekly for every weekthe project is not completed. How many weeks will the projecttake if they are willing to pay crashing cost as long as it is less than$3,500.00

Crashing the critical path is a technique employed in project management to accelerate project…

i. Determine the length of the project. ii. What is the project length if all activities are crashed to their minimum? iii. Great Work's will lose $3500 in profit weekly for every week the project is not completed. How many weeks will the project take if they are willing to pay crashing cost as long as it is less than $3,500.00

i. Determine the length of the project. ii. What is the project length if all activities are crashed to their minimum? iii. Great Work's will lose $3500 in profit weekly for every week the project is not completed. How many weeks will the project take if they are willing to pay crashing cost as long as it is less than $3,500.00

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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