This assignment report delves into Critical Path Method (CPM) and Crashing techniques for project scheduling, as applied to a specific project scenario. Part 1 focuses on calculating normal and crash durations, associated costs, and identifying the critical path to determine the shortest possible project duration and the associated cost implications of crashing activities to reduce the overall project timeline. The analysis includes computations of crash cost slopes and the impact of crashing on the project's critical path. Part 2 shifts to Earned Value Analysis (EVA), evaluating the project's progress, revenue, and expenses over time. It computes earned value, considering factors like billable amounts, percentage completion, and actual costs incurred. Furthermore, it includes a cash flow analysis, accounting for immediate and delayed revenue realization, providing a comprehensive financial overview of the project's performance. The report concludes with an assessment of the feasibility of further crashing, considering both direct and indirect costs, and recommends an optimal project duration to minimize overall costs.
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