Question
When the actual time for completing a project is greater than the desired time it may be possible to crash the project. Here we consider
When the actual time for completing a project is greater than the desired time it may be possible to "crash" the project. Here we consider the cost to "crash" a project activity.
The expected time for an activity on the critical path is 27 days with $505.03. The expected time can be shortened by up to 3 days. The crash cost for the project is $823.41. What is the Cost Slope for this activity?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Cost Slope In this formula Crash Cost is the cost to crash the activity Normal Cost is the cos...
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
