Additional Cost for Reducing Project Time to Required 35 Weeks

Running head: PROJECT MANAGEMENT
Project Management
Name of the Student:
Name of the University:

1PROJECT MANAGEMENT
Question 3
a) Additional cost for reducing the project time to required 35 weeks
The expected time required for each task is calculated as:
Expected time = (Most optimistic time+4*most likely time + most pessimistic time) /6
Task
Most
optimistic
time
Most likely
time
Most
pessimistic time
Expecte
d time
A 2 3 4 3.00
B 4 7 10 7.00
C 5 6 9 6.33
D 6 7 16 8.33
E 7 9 10 8.83
F 4 5 6 5.00
G 3 6 10 6.17
H 2 4 7 4.17
I 2 2 2 2.00
J 3 4 14 5.50
K 2 3 4 3.00

2PROJECT MANAGEMENT
Activity graph
Task
Expecte
d time
Earliest
start
time
Earliset
finish
time
Latest
start
time
Latest
finish
time Slack
A 3.00 0.00 3.00 0.00 3.00 0.00
B 7.00 3.00 10.00 19.50 26.50 16.50
C 6.33 3.00 9.33 3.00 9.33 0.00
D 8.33 9.33 17.67 9.33 17.67 0.00
E 8.83 17.67 26.50 17.67 26.50 0.00
F 5.00 26.50 31.50 26.50 31.50 0.00
G 6.17 17.67 23.83 25.33 31.50 7.67
H 4.17 26.50 30.67 27.33 31.50 0.83
I 2.00 10.00 12.00 29.50 31.50 19.50
J 5.50 31.50 37.00 31.50 37.00 0.00
K 3.00 37.00 40.00 37.00 40.00 0.00
Figure 1: Activity graph
(Source: Created by author)
Additional cost for reducing the project time to required 35 weeks is shown in following
table as: