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The optimum duration is the
- a)the summation of normal-durations of each activity in the project
- b)summation of the normal- duration of activities on critical path
- c)one, which gives the minimum total cost for completing the project
- d)summation of crash-time of activities on critical path
Correct answer is option 'C'. Can you explain this answer?
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The optimum duration is thea)the summation of normal-durations of each...
The direct cost increases with decrease in duration while the indirect cost decreases with decrease in duration. The optimum duration in the crashing of activities will correspond to minimum total cost (direct + indirect) of project completion.
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The optimum duration is thea)the summation of normal-durations of each...
Optimum Duration of a Project
The optimum duration of a project is the duration that gives the minimum total cost for completing the project. This means that the project manager should strive to complete the project in the shortest time possible while keeping the costs low. The optimum duration is achieved by minimizing the total cost, which is the sum of direct and indirect costs.
Factors Affecting Optimum Duration
Several factors influence the optimum duration of a project. These factors include the following:
- Time constraints: The project may have a fixed deadline that must be met, which can affect the optimum duration.
- Resource availability: The availability of resources, such as labor, equipment, and materials, can affect the optimum duration.
- Cost constraints: The project budget can affect the optimum duration, as reducing the duration can increase the costs.
- Quality requirements: The level of quality required for the project can affect the optimum duration, as achieving higher quality may take more time.
Methods for Determining Optimum Duration
There are several methods for determining the optimum duration of a project, including the following:
- Critical path method: This method identifies the critical path, which is the sequence of activities that must be completed in the shortest time possible to complete the project. The optimum duration is the sum of the normal durations of activities on the critical path.
- Crashing method: This method involves shortening the duration of activities by adding more resources. The optimum duration is the duration achieved by crashing activities on the critical path.
- Cost-time trade-off analysis: This method involves analyzing the costs and durations of different options for completing the project. The optimum duration is the duration that gives the minimum total cost for completing the project.
Conclusion
In conclusion, the optimum duration of a project is the duration that gives the minimum total cost for completing the project. The project manager should strive to complete the project in the shortest time possible while keeping the costs low. Several factors influence the optimum duration, and there are different methods for determining it, including the critical path method, crashing method, and cost-time trade-off analysis.
The optimum duration of a project is the duration that gives the minimum total cost for completing the project. This means that the project manager should strive to complete the project in the shortest time possible while keeping the costs low. The optimum duration is achieved by minimizing the total cost, which is the sum of direct and indirect costs.
Factors Affecting Optimum Duration
Several factors influence the optimum duration of a project. These factors include the following:
- Time constraints: The project may have a fixed deadline that must be met, which can affect the optimum duration.
- Resource availability: The availability of resources, such as labor, equipment, and materials, can affect the optimum duration.
- Cost constraints: The project budget can affect the optimum duration, as reducing the duration can increase the costs.
- Quality requirements: The level of quality required for the project can affect the optimum duration, as achieving higher quality may take more time.
Methods for Determining Optimum Duration
There are several methods for determining the optimum duration of a project, including the following:
- Critical path method: This method identifies the critical path, which is the sequence of activities that must be completed in the shortest time possible to complete the project. The optimum duration is the sum of the normal durations of activities on the critical path.
- Crashing method: This method involves shortening the duration of activities by adding more resources. The optimum duration is the duration achieved by crashing activities on the critical path.
- Cost-time trade-off analysis: This method involves analyzing the costs and durations of different options for completing the project. The optimum duration is the duration that gives the minimum total cost for completing the project.
Conclusion
In conclusion, the optimum duration of a project is the duration that gives the minimum total cost for completing the project. The project manager should strive to complete the project in the shortest time possible while keeping the costs low. Several factors influence the optimum duration, and there are different methods for determining it, including the critical path method, crashing method, and cost-time trade-off analysis.
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The optimum duration is thea)the summation of normal-durations of each activity in the projectb)summation of the normal- duration of activities on critical pathc)one, which gives the minimum total cost for completing the projectd)summation of crash-time of activities on critical pathCorrect answer is option 'C'. Can you explain this answer?
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The optimum duration is thea)the summation of normal-durations of each activity in the projectb)summation of the normal- duration of activities on critical pathc)one, which gives the minimum total cost for completing the projectd)summation of crash-time of activities on critical pathCorrect answer is option 'C'. Can you explain this answer? for Civil Engineering (CE) 2024 is part of Civil Engineering (CE) preparation. The Question and answers have been prepared according to the Civil Engineering (CE) exam syllabus. Information about The optimum duration is thea)the summation of normal-durations of each activity in the projectb)summation of the normal- duration of activities on critical pathc)one, which gives the minimum total cost for completing the projectd)summation of crash-time of activities on critical pathCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Civil Engineering (CE) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The optimum duration is thea)the summation of normal-durations of each activity in the projectb)summation of the normal- duration of activities on critical pathc)one, which gives the minimum total cost for completing the projectd)summation of crash-time of activities on critical pathCorrect answer is option 'C'. Can you explain this answer?.
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The optimum duration is thea)the summation of normal-durations of each activity in the projectb)summation of the normal- duration of activities on critical pathc)one, which gives the minimum total cost for completing the projectd)summation of crash-time of activities on critical pathCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for The optimum duration is thea)the summation of normal-durations of each activity in the projectb)summation of the normal- duration of activities on critical pathc)one, which gives the minimum total cost for completing the projectd)summation of crash-time of activities on critical pathCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of The optimum duration is thea)the summation of normal-durations of each activity in the projectb)summation of the normal- duration of activities on critical pathc)one, which gives the minimum total cost for completing the projectd)summation of crash-time of activities on critical pathCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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