Math Problem Statement

task A: c) the start time of G can be delayed by 3 days. what is the effect on the critical path and the time taken to be ready for the carnival (the project)? d) with the 3 day delay, we have decided to reduce the duration of A, C and D. each reduction in days costs $150 wages. find the min no. of days in which it could now be done, and the min. cost of completing the project in this time?

Solution

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Math Problem Analysis

Mathematical Concepts

Critical Path Method (CPM)
Project Management
Network Diagrams

Formulas

Critical Path Analysis Formula
Total Slack Time Calculation
Cost Optimization Formula for Project Shortening

Theorems

Critical Path Theorem

Suitable Grade Level

Undergraduate Project Management / Business Studies