ABC as an industry has client X. Fort his particular project, Client X is offering...
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ABC as an industry has client X. Fort his particular project, Client X is offering ABC two types of contracts. Contract A will require ABC to finish the project in 22 days for total revenue worth $920,000, however, every day late of the project incurs a $15000 fine. Contract B has total revenue worth $905000 and requires the project to be finished in 23 days with a $20000 penalty for every day late of the project. The associated cost per activity is shown below along with the precedence diagram of the project. Determine the contract that ABC will choose and the target completion time of the project that will yield the most significant profit. Also, draw the final Precedence diagram that the company will use, label the activities with their corresponding duration and state the critical path. The cost given is in thousands of dollars.
