Answer Happy

2) All required activities associated with the dependencies for a project are listed below in the table. Duration estimates for each activity are also in the table Activity Predecessor Duration minutes) А B C D E F G H 1 J A A A A BE C,D,F G А A H(+1 minute lag), I J,K 15 2 1 2 1 1 2 6 2 3 2 2 K L B From the similar project experiences, project is estimated to cost $ 100. Again from similar project experiences, total cost of the project is allocated to the activities as follows: Activity Cost Accrued at (% of Total Cost) А % 80 Activity finished % 2 Activity finished с % 2 Activity finished D % 2 Activity finished E % 2 Activity started F % 1 Activity finished G % 1 Activity finished H % 4 Prorated 1 % 1 Activity finished J % 1 Activity finished K % 2 Activity finished %2 Activity finished L a) Draw project network diagram (activity on node) and identify critical path. b) Calculate the cost of each activity. c) Draw cost baseline for the project. d) There is an option of reducing the duration for activity A to 10 minutes. In that case, however, the cost of the activity will increase by 10 %. How is the total project cost and the duration influenced by that change?