Question: Problem #2 Using your own words, what is CPM? _____________________________________________________ _____________________________________________________________________________________ You have collected the data for a time-cost CPM scheduling model analysis. The time

Problem #2

Using your own words, what is CPM? _____________________________________________________

_____________________________________________________________________________________

You have collected the data for a time-cost CPM scheduling model analysis. The time is in days and the project "direct costs" are given here. The indirect costs for the project are determined on a daily duration basis. If the project lasts 16 days, the total indirect costs are $400; 15 days, they will be $250; 14 days, they will be $200; and 13 days, they will be $100. If you crash this project by one day, what is the total (i.e., direct and indirect) project cost?

A. $2,150

B. $2,300

C. $2,400

D. $2,450

E. $2,500

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