Question: b. What is the difference in total project costs between the earliest completion time of the project using normal times and the minimum-cost schedule you

b. What is the difference in total project costsb. What is the difference in total project costs between the earliest completion time of the project using normal times and the minimum-cost schedule you derived in part (a)?

You are the manager of a project to improve a billing process t your firm. The table below contains the data you will need to conduct a cost analysis of the project. Indirect costs are $1,200 per week, and penalty costs are $1,200 per week after week 12. Immediate Predecessor(s) Normal Time (weeks) Crash Time (weeks) Crash Cost ($) 8,000 10,500 Activity A B D 4 3,500 Normal Cost ($) 5,000 8,500 3,500 5,500 3,500 4,500 5 1 6 7 7 A B B, C D 3 1 3 6 6 E F 12,000 6,500 7,000 a. What is the minimum-cost schedule for this project? The minimum-cost schedule is 13 weeks. (Enter your response as an integer.) b. What is the difference in total project costs between the earliest completion time of the project using "normal" times and the minimum-cost schedule you derived in part (a)? The minimum-cost schedule costs $ less than using the "normal" times. (Enter your response as an integer.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!