Answered step by step
Verified Expert Solution
Link Copied!

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
image text in transcribed
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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic management concepts

Authors: Fred david

13th Edition

9780136120988, 136120997, 136120989, 978-0136120995

More Books

Students also viewed these General Management questions