Question: QUESTION 2: The Advanced Tech Company has a project to design an integrated information database for a major bank. Data for the project are given

 QUESTION 2: The Advanced Tech Company has a project to design

QUESTION 2: The Advanced Tech Company has a project to design an integrated information database for a major bank. Data for the project are given in Table Q2 below. Indirect project costs amount to $300 per day. The company will incur a $150 per day penalty for each day the project lasts beyond day 14. (a) What is the shortest time duration for this project regardless of cost? (30 marks) (b) What is the total cost and time of the minimum-cost schedule? (10 marks) Table Q2: Database Design Project Data Normal Crash Time Normal Cost Crash Cost Time {days} {days} ($) {$) 6 5 1,000 1,200 4 800 2,000 3 600 900 2 'l ,500 2,000 Activity Predecessor

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!