Q1.

If the indirect cost for each duration are 1500 for 17 weeks, 1450 for 16 weeks, 1400 for 15
weeks, 1350 for 14 weeks, 1300 for 13 weeks, 1250 for 12 weeks, 1200 for 11 weeks, and
1150 for 10 weeks, what is the optimum cost-time schedule for the project?

Data given:

Act. Predecessor Crash cost Max. crash Normal time Normal cost
(Slope) time
A None 0 0 3 150
B A 100 1 4 200
C A 60 1 3 250
D B, C 40 1 4 200
E C 0 0 2 250
F B 30 2 3 200
G F 20 1 2 250
H D, E 60 2 4 300
I G, H 200 1 2 200

Essentially, complete the following table:

Project Activities crashed to Direct cost Indirect cost Total cost=

Duration attain the duration Direct + Indirect
17 None
16
15
14
13
12

Q2.

Following information is collected for the project (Refer the table given below). Please
answer the following questions about the project (You may use Microsoft Excel for the
calculations):

a. Compute the expected time for each activity.

b. Compute the variance for each activity.
c. Compute the expected project duration.
d. What is the probability of completing the project within 112 days?
e. What is the probability of completing the project within 116 days?
f. What is the probability of completing “Negotiate with unions” by day 90?