Question: 5. Use the information contained below to compress one time unit per move using the least cost method. Assume the total indirect cost for the

 5. Use the information contained below to compress one time unit

per move using the least cost method. Assume the total indirect cost

5. Use the information contained below to compress one time unit per move using the least cost method. Assume the total indirect cost for the project is $700 and there is a savings of $50 per time unit reduced. Record the total direct, indirect, and project costs for each duration. What is the optimum costtime schedule for the project? What is the cost? Note: The correct normal project duration and total direct cost are provided. Crash Cost Maximum Normal Normal Act. (Slope) Crash Time Time Cost A (l 2 100 B 100 I 3 200 C 40 I 3 200 D 60 2 3 200 E 20 l h 200 F 40 I 4 150 G (J 2 1:10 Total cost at 14 time units is 1,200 total direct cost plus 700 total indirect cost equals 1,900. This drops to 1,870 at 13 time units, 1,860 at 12 time units, and 1,910 at 11 time units. Total cost is minimized at 12 time units and total cost of 1,860. The steps are shown below

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