Three Critical Path Activities Are Candidates for Crashing on a CPM

question 112

Essay

Three critical path activities are candidates for crashing on a CPM network.Activity details are in the table below.
a.What is the crash cost per unit time for each of the three activities?
b.Which activity should be crashed first to cut one day from the project's duration;how much is added to project cost?
c.Which activity should be the next activity crashed to cut a second day from the project's duration;how much is added to project cost?

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Definitions:

Odd Pricing

A pricing strategy that sets prices at odd numbers just below round numbers to make them appear smaller and more appealing to buyers.

Cost-Based Pricing

Formulas that calculate total costs per unit and then add markups to cover overhead costs and generate profits.

Personal Selling

A direct form of marketing that involves a salesperson presenting the benefits of a product directly to a customer in order to make a sale.