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Project Management: Crash Analysis for Additional Costs

Calculate the total cost to crash the project based on given path durations, probabilities, and completion date predictions.

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Project Management: Crash Analysis for Additional Costs

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  1. Chapter 3a Project Management

  2. Given the information below, what is the total additional cost to crash the project as much as possible? c=6 f=8 a=7 d=4 Path Durations a c f = 21 a d g = 16 b e g = 20 b=6 g=5 e=9 if then cost result

  3. d PERT Example g a b e c h f Critical path: Expected project duration T = Standard deviation of critical path σcp = Prob(X > 48)? Prob(X < 43)? Prob(43 < X < 48)? Predict a completion date that you’re 80% sure you can meet.

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