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Project Management

A construction firm has identified the ten steps required to build an airplane strip. The estimated time is in weeks and cost in dollars. The table below shows the shortest possible duration for each activity and cost of those expedited activities. Activity Predecessor Normal Time Crash Time Normal Cost Crash Cost A -- 12 7 2000 5500 B A 14 10 3000 5400 C A 13 11 4000 6000 D A 11 9 5000 9000 E B,C 9 7 3000 4300 F D 10 4 3500 5700 G D 15 10 15000 20000 H E 11 7 8000 11400 I F,G 9 8 4000 4750 J H,I 12 10 6000 7500 What is the minimum cost in order to finish the project in a year? (2 marks) List the activities crashed and the total cost? (1 mark). What is the difference between CPM and PERT? (2 marks) In the answer below please write the letter followed by your answer.

Reference no: EM132949595

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