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Management has also provided you with cost estimates for each activity showing normal costs and crash costs as well as normal time to complete each
Management has also provided you with cost estimates for each activity showing normal costs and crash costs as well as normal time to complete each activity and crash times Activity Normal Time Normal Cost Crash time Crash Cost (days) (days) ($,000) ($,000) 90 $2,250 85 $2,520 15 $180 13 $210 $90 4 $120 20 $300 16 $340 21 $231 17 $315 25 $250 $375 14 $70 12 $112 28 $392 25 $448 30 $510 28 $570 $1,350 41 $1,530 c) Management have an incentive to bring the new computer to market as quickly as possible as they also believe that a competitor will be bringing a similar product to market at approx. the same time. As such, they would like to know what activities to crash and at what cost to bring their computer to market eight (8) days earlier than scheduled i.e. they wish to evaluate the option of crashing 8 days from the project schedule. Provide a brief summary of the information that management requires so that they can make an informed decision
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