Answer Happy

ABC as an industry has client X. Fort his particularproject, Client X is offering ABC two types of contracts. ContractA will require ABC to finish the project in 22 days for totalrevenue worth $920,000, however, every day late of the projectincurs a $15000 fine. Contract B has total revenue worth $905000and requires the project to be finished in 23 days with a $20000penalty for every day late of the project. The associated cost peractivity is shown below along with the precedence diagram of theproject. Determine the contract that ABC will choose and the targetcompletion time of the project that will yield the most significantprofit. Also, draw the final Precedence diagram that the companywill use, label the activities with their corresponding durationand state the critical path. The cost given is in thousands ofdollars.
Activity 1-2 1-3 2-4 3-4 3-5 3-6 4-7 4-8 5-7 6-7 7-10 8-9 8-10 9-10 Normal Duration 4 3 5 7 3 6 8 4 9 7 57 6 3 Cost 40 55 65 40 60 35 70 50 20 40 35 50 40 20 Crashed Duration Cost 2 80 72 97 70 78 92 90 68 70 120 45 70 75 25 235 2 3 7 3 7 5 4 5 4 2
1 2 3 5 6 8 7 9 10