Question
Consider the following project network and cost/time information. This project has a $70/day indirect cost: What is the direct cost of completing this project using
Consider the following project network and cost/time information. This project has a $70/day indirect cost:
What is the direct cost of completing this project using the normal times?
What is the total cost of completing this project using the normal times?
If you were asked to reduce the project completion time by one time unit, which activity would you crash?
What is the indirect cost of this project if we reduce its completion time by two days?
What is the total cost of this project if we reduce its completion time by two days?
| Activity | Precedence | Normal Time | Crash Time | Normal Cost | Crash Cost |
|---|---|---|---|---|---|
| A | - | 5 | 4 | 50 | 70 |
| B | A | 2 | 1 | 90 | 120 |
| C | A | 4 | 2 | 50 | 60 |
| D | B | 5 | 4 | 70 | 80 |
| E | C | 1 | Can't be crashed | 50 | - |
| F | D, E | 3 | 1 | 200 | 600 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Legal Environment of Business A Critical Thinking Approach
Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne
6th Edition
978-0132666688, 132666685, 132664844, 978-0132664844
