(CHE620/CPES20: PROJECT MANAGEMENT ‘TUTORIAL: ALLOCATI Define term trade-off. Describe the fundamental trade-offs when de ae yp allocating scarce resources? a. As late as possible. b. Shortest task duration time first. © Minimum slack first, 5. Given the following project (all times are in days): ING RESOURCES What is meant by the term “student syndrome”? ing whether or not to crash a project. What purpose(s) might be served by using each of the following priority rules for Activity Predecessor Normal Time | Normal Cost] Crash Time Crash Cost (RM) ike 50 3 150 40 2 200 [70 6 ___ | 160 20 1 50 al 30 = - 20, eG 230 aii 100 a x 3 200 | 8) Draw the network diagram (AOA) and find the level of project activity. critical path, time, and cost for an all-normal 5) Calculate the crash cost-per-day (all activities may be partially ‘crashed). ©). Find the optimal way of ge 1g an 18-day delivery time, What is the project cost? 4) Find the optimal way of getting a 16-day delivery time, What is the Project cost?