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On May 1, the PM sent a memo to their boss stating that Project X would require 13 weeks to complete (see network logic below
On May 1", the PM sent a memo to their boss stating that Project X would require 13 weeks to complete (see network logic below - activity on node diagraming) at a total project cost of $62K. START A.3 C.5. F3 END (Time - weeks) Unknown to the PM, there was a contract executed whereby it was was agreed that there would be a $5K penalty payment per week for every week the project exceeds six (4) weeks. As such, the PM developed the following costing foll costs are in K's) and timing matrix fall timings are in weeks). Normal Crash Activity Time Cost Time Cost Additional Cost per Week 2 $2 5 $12 $13.5 $1.5 C in $22 $3 $10 $1 2 $7.5 $1.5 C $14 $20 $3 Total $62 What is the minimum amount of additional funding (beyond the project budget of $62K] the PM should request (given the contractual penalty provision)
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