Question
PM.61 Rob Smith is managing a small project at Boston University. He is under pressure to shorten the overall duration of the project by 4
PM.61 Rob Smith is managing a small project at Boston University. He is under pressure to shorten the overall duration of the project by 4 weeks and he wants to do so at the lowest cost possible. In order to meet this objective a number of activities must be crashed.
| Activity | Normal Time (weeks) | Crashed Time (weeks) | Normal Cost | Crashed Cost | Predecessor(s) |
|---|---|---|---|---|---|
| A | 5 | 3 | $1,000 | $1,800 | - |
| B | 6 | 5 | $400 | $550 | - |
| C | 6 | 5 | $400 | $575 | - |
| D | 3 | 2 | $750 | $900 | A |
| E | 5 | 3 | $1,350 | $2,250 | C |
| F | 6 | 3 | $900 | $1,800 | B |
What is the duration of the project (in weeks)?
What is the target duration of the project (after crashing the project)?
By how many weeks should activity A be crashed?
By how many weeks should activity B be crashed?
By how many weeks should activity C be crashed?
By how many weeks should activity D be crashed?
By how many weeks should activity E be crashed?
By how many weeks should activity F be crashed?
What is the total cost of crashing the project 4 weeks (just the additional cost, not total project cost)? (Display your answer to two decimal places.)
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Public Finance An International Perspective
Authors: Joshua E. Greene
1st Edition
9814365041, 978-9814365048
