a. Draw a work package schedule showing all activities, the critical path andthe overall estimated work package duration.b.Fully crash the critical path working from the lowest cost per unit timesaved activity to the highest cost per unit time saved activity. Show thefully crashed work package as a schedule and give the revised workpackage duration.Compare and contrast critical path method (CPM) based andprogramme evaluation and review technique (PERT) based projectplanning approaches and examine the likely strengths and weak- nessesof each approach in relation to the project described in the case studyC. Table I: Normal and crash activity duration and estimated cost valuesActivityNormal dura-Crash cost (£)Normal cost (£) Crash duration(weeks)tion (weeks)A-B420 000350 000А-К19250 00014375 000В-С335 000270 000B-D30 00030 000В-Е340 00075 00010 00015 000C-H50 000C-I15 000D-I25 00025 000E-F440 000360 000E-G260 000290 000F-K550 000385 000G-K80 00080 000H-J70 00070 000330 000100 000J-L215 00045 000K-L320 000240 000L-M430 000335 000M-N5100 0004T10 000

Given, Find the Given details below: Activity Normal duration (NT) (Weeks) Normal cost (NC) (£)…

Answered: a. Draw a work package schedule showing…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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