Question: Assume that a project manager expects to finish a project in 21 days as shown in the table below. However, the owner of the project
Assume that a project manager expects to finish a project in 21 days as shown in the table below. However, the owner of the project wants it in 14 days and any period after 14 days the project manager has to pay penalty cost of $100 per day. Indirect project costs = $250 per day.
Project Activity and Cost Data
| Activity | Normal Time (days) | Normal Cost ($) | Crash Time (days) | Crash Cost ($) | Immediate predecessor(s) |
| A | 5 | 1000 | 4 | 1200 | - |
| B | 5 | 800 | 3 | 2000 | - |
| C | 2 | 600 | 1 | 900 | A, B |
| D | 3 | 1500 | 2 | 2000 | B
|
| E | 5 | 900 | 3 | 1200 | C, D |
| F | 2 | 1300 | 1 | 1400 | E |
| G | 3 | 900 | 3 | 900 | E |
| H | 5 | 500 | 3 | 900 | G |
How much is the total cost of the project?
Select one:
a.
$7500
b.
$5250
c.
$12750
d.
$13450
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
