You Are Responsible for Managing a Project with the Following

question 103

Multiple Choice

You are responsible for managing a project with the following activities (times are given in weeks) :
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$) \\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { B. D. E. F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$
-What activity should one crash to reduce the project completion time by two weeks at minimum crash costs?

• A) A and F.
• B) A and G.
• C) A and E.
• D) G and F.

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Definitions:

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.

Bankruptcy Petition

A formal request filed by an individual or entity seeking the protection of bankruptcy laws to resolve insolvency issues.

Chapter 7

Chapter 7 refers to a chapter of the U.S. Bankruptcy Code, under which individuals or businesses can liquidate their assets to pay off creditors.

Debtor

An individual or organization that owes money or other obligations to another party, known as the creditor.