Estimating minimum cost schedule for the project

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Reference no: EM13105647

You are the manager of a project to improve billing process at your firm. The table below contains the data you will need to conduct a sales 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

1

5,000

8,000

B

--

5

3

8,000

10,000

C

A

1

1

4,000

4,000

D

B

6

3

6,000

12,000

E

B, C

7

6

4,000

7,000

F

D

7

6

4,000

7,000

Reference no: EM13105647

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