A Project Has the Following Activities,durations,costs,and Precedence Relationships Develop a Cost-Time Trade-Off Analysis

question 43

Essay

A project has the following activities,durations,costs,and precedence relationships: $$\begin{array} { c c c c c c } \hline & \begin{array} { c } \text { Present } \\\text { Duration } \\\text { (Weeks) }\end{array} & \begin{array} { c } \text { Accelerated } \\\text { Duration } \\\text { (Weeks) }\end{array} & \begin{array} { c } \text { Immediate } \\\text { Predecessor } \\\text { Activities }\end{array} & \begin{array} { c } \text { Present } \\\text { Cost }\end{array} & \begin{array} { c } \text { Accelerated } \\\text { Cost }\end{array} \\\hline \text { A } & 10 & 9 & \cdots & \$ 11,000 & \$ 15,000 \\\text { B } & 15 & 13 & \cdots & 20,000 & 25,000 \\\text { C } & 10 & 6 & \text { A } & 9,000 & 20,000 \\\text { D } & 20 & 18 & \text { A } & 25,000 & 30,000 \\\text { E } & 15 & 10 & \text { C } & 20,000 & 35,000 \\\text { F } & 17 & 15 & \text { B } & 20,000 & 30,000 \\\text { G } & 12 & 10 & \text { B } & 15,000 & 25,000 \\\text { H } & 9 & 8 & \text { D,F } & 12,000 & 18,000 \\\text { I } & 7 & 6 & \text { G, H } & 10,000 & 15,000 \\\hline \hline\end{array}$$ Develop a cost-time trade-off analysis.Detail the steps that you would use to accelerate or crash the project to its minimum duration at the lowest cost.Determine each step's cost and the duration of the project.

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Definitions:

International Companies

Businesses that operate across national borders, engaging in foreign trade or investment.

Corporate Headquarters

The main office or central hub of an organization where the primary functions and executive management are located.

Power Distribution

The process of distributing electrical power from generation sources to end users, or the allocation of power and authority in an organization.

Storage

The act of retaining or housing goods, information, or data in a designated space or medium for future use.