Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need some help with this question please 2. Crashing Projects. As we will study, it may be possible to shorten the duration of a project
need some help with this question please
2. Crashing Projects. As we will study, it may be possible to shorten the duration of a project by "crashing" some project activities (i.e., completing them in a shorter amount of time, usually at additional cost). The premise behind a minimum cost schedule is that a project activity will be crashed (shortened) as long as the cost to do so is less than the money saved by shortening it (shortening a project can reduce indirect costs and penalty costs, for example). What if the net savings of shortening a project is $0 ? In other words, the indirect and/or penaity costs saved by shortening the project are equal to the additional direct costs to shorten project activities - that is, there is no net financial cost or savings incurred by shortening the project. Should they plan to crash (shorten) it? Provide your thoughts Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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