The following table contains a list of activities,with precedence requirements and crash costs.All start and finish times and crash costs are on a per-week basis.
a.Determine the project cost and duration without crashing.
b.Determine the least expensive project cost if the duration is to be 10% shorter than normal project duration.
c.Determine the least expensive project cost if the duration is to be 20% shorter than normal project duration.
d.Create a graph that shows project expediting cost plotted as a function of the reduction in project duration.
Definitions:
Deposit
Funds placed into a financial institution for safekeeping, often to accrue interest over time; could also refer to a payment made in advance as a commitment or partial payment.
Retirement Savings Plan (RSP)
A financial arrangement designed to help individuals save for their retirement.
Investments
Financial assets purchased with the expectation that they will generate income and/or appreciate in the future.
Compounded Annually
Calculating interest on the initial principal, which includes any accumulated interest from previous periods, once per year.
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