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Problem 2: Suppose you are a project manager of a software project and you are going to pay a penalty for each day you delvier
Problem 2: Suppose you are a project manager of a software project and you are going to pay a penalty for each day you delvier the project late. You are going to give the project to another team and you will choose the team based on the cost and the delivery dates. (20 points) team 1 requires $150,000. You estimate that there is a 40% possibility of the team to complete the project 40 days late. And for each day that you deliver the project late you are supposed to pay $2000 more for your client team 2 requires $220,000. You estimate that there is a 25% possibility of the team to complete the project 30 days late. And for each day that you deliver the project late you are supposed to pay $2000 more for your client If you would choose among these theams which one would you choose? Indicate your reasons and calculations clearly
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