Use the information contained below to compress one time unit per move using the least cost method.

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Use the information contained below to compress one time unit per move using the least cost method. Assume the total indirect cost for the project is $700 and there is a savings of $50 per time unit reduced. Record the total direct, indirect, and project costs for each duration. What is the optimum cost-time schedule for the project? What is the cost?

Note: The correct normal project duration and total direct cost are provided.

Maximum Normal Normal Crash Cost Time Act. (Slope) Crash Time Cost 100 B 100 1 3 200 40 1 200 60 D 3 200 20 1 200 40 1 4
D 3 3 Project duration 14 A 2x 2x Total direct cost 1,200 4
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Project Management The Managerial Process

ISBN: 978-1259666094

7th edition

Authors: Erik W. Larson, Clifford F. Gray

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