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1.Chapter 7, Problems, #14

14. You are the manager of a project to improve a billing process at your firm. Table 7.7 contains the data you will need to conduct a cost analysis of the project. Indirect costs are $1,600 per week, and penalty costs are $1,200 per week after week 12.

a. What is the minimum-cost schedule for this project?

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)?

Activity Immediate Predecessor(s) Normal Time (weeks) Crash Time (weeks) Normal Cost ($) Crash Cost ($) A 4 5,000 8,000 B 8,000 10,000 C A 4,000 4,000 D B 6 3 6,000 12,000 B, C 4,000 7,000 F D - 6 4,000 7,000