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If all tasks are performed at their normal times as indicated in the table above, the project is estimated to cost Reynolds a total of
If all tasks are performed at their "normal" times as indicated in the table above, the project is estimated to cost Reynolds a total of $61,000 in direct costs and result in an expected project makespan of 12 weeks. However, managers at Reynolds want to explore the time-cost trade-offs associated with compressing the project and have come to you for assistance. Specifically, Reynolds' managers have asked you to do the following. Starting with all tasks performed at their normal duration (such that the project makespan is 12 weeks), reduce the makespan of the project by one week at a time. For each iteration (e.g., 11 weeks, 10 weeks, etc), find the task(s) that should be compressed to minimize the marginal increase in direct costs at each iteration. Continue compressing the project until at least one critical path exists with all tasks set at their crash times (that is, no further project compression is possible). Construct a graph showing the total direct cost (on the Y axis) versus the project makespan (on the X axis). Clearly indicate the minimum possible project makespan
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