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

question 24

Essay

A project has the following activities,durations,costs,and precedence relationships:
$$\begin{array} { c c c c c c } \hline \text { Activity } & \begin{array} { c } \text { Present } \\\text { Duration } \\\text { (Weeks) }\end{array} & \begin{array} { c } \text { Accelerated } \\\text { Duration } \\\text { (Weeks) }\end{array} & \begin{array} { c } \text { Immediate } \\\text { Predecessor } \\\text { Activities }\end{array} & \begin{array} { c } \text { Present } \\\text { Cost }\end{array} & \begin{array} { c } \text { Accelerated } \\\text { Cost }\end{array} \\\hline \text { A } & 10 & 9 & - & \$ 11,000 & \$ 15,000 \\\text { B } & 15 & 13 & - & 20,000 & 25,000 \\\text { C } & 10 & 6 & \text { A } & 9,000 & 20,000 \\\text { D } & 20 & 18 & \text { A } & 25,000 & 30,000 \\\text { E } & 15 & 10 & \text { C } & 20,000 & 35,000 \\\text { F } & 17 & 15 & \text { B } & 20,000 & 30,000 \\\text { G } & 12 & 10 & \text { B } & 15,000 & 25,000 \\\text { H } & 9 & 8 & \text { D,F } & 12,000 & 18,000 \\\text { I } & 7 & 6 & \text { G,H } & 10,000 & 15,000 \\\hline \hline\end{array}$$ 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:

Merchandise Inventory

This term refers to the finished goods acquired for resale by a company, forming a crucial part of its current assets on the balance sheet.

Finished Goods Inventory

The stock of completed products that are ready for sale but have not yet been sold to customers.

Materials Inventory

A stock of raw materials and components that are stored by a company and used in the production of its goods.

Transactions

The exchanges or transfers of goods, services, or funds that result in changes to the financial position of a business.