1. (40 points) A project manager ascertained that five different resources are needed to complete a project that has been estimated to last 37 days. Just to be on the safe side, the project manager informed the client that the project would definitely be delivered within 40 days and arranged to rent the necessary resources for that period. The project manager visits the local rental center at the start of Day 1 of the project, signs a 40-day lease agreement for all five resources, and brings them to the site to initiate the project.

• Analyze the Gantt chart and resource list and determine how much money is being wasted with this rental plan.
• If each resource could be rented for just the time it takes to complete each activity, what would be the correct charge to the project?

Time 0 10 20 30 40 Resource 5 Resource 1 Resource 5 Resource 2 Resource 2 Activity Resource 4 Resource 1 Resource 4 Resource 3 Resourcell Resouce 2 Resource 3 Resource Daily Rate Number $1000 $1200 UI W N $500 $750 $800 Activity Length Activity Length H 3 S 3 M 9 P 6 W B T + R 9 G 5 K 10