Question 1 (50 marks) VSWB is undertaking an automation project, and the relevant information for the project is shown i

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Question 1 50 Marks Vswb Is Undertaking An Automation Project And The Relevant Information For The Project Is Shown I 1 (236.22 KiB) Viewed 39 times

Question 1 (50 marks) VSWB is undertaking an automation project, and the relevant information for the project is shown in Table Q1. Activity Normal Cost Crash Cost A B с D E F G H 1 J K L M Immediate Duration Predecessors (week) 3 4 3 с 2 B 4 A 3 A 5 B 3 с 11 ED 4 F, G 2 HK 4 HJ 6 UWAN $ 15,000 $ 12,000 $ 11,000 $ 5,000 $ 7,000 $ 24,000 $ 1,000 $ 8,000 $ 9,000 $ 1,000 $ 1,000 $ 4,000 $ 10,000 $ 17,000 $ 16,000 $ 11,000 $5,000 $ 15,000 $ 24,000 $ 2,500 $ 10,000 $ 12,000 $ 2,500 $ 1,000 $ 10,000 $ 13,800 Crash time (week) 2 2 3 2 2 3 4 2 5 3 NN Wom N 4 (a) Construct a network diagram for this project and determine the earliest start, earliest finish, latest start, and latest finish for each activity. (14 marks) (5 marks) (b) List the critical path, and identify slack available for non-critical activities. (c) Determine the weekly crash cost for the activities. (5 marks) (d) If daily overhead (indirect) costs are $4,000, and the company needs to pay for penalty cost, $10,000 per week if the projects completed beyond Week 16. Determine the minimum total project costs and identify the critical path(s) and expected project duration. (18 marks)