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 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
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