Added cost to complete project in minimum time possible

Assignment Help Project Management
Reference no: EM1335797

Development of a new deluxe version of a particular software product is being considered. The activities necessary for the completion of this are listed in the table below.

Activity Normal Time Crash Time Normal Cost Crash Cost Immediate Predecessor
A 4 3 2,000 2,600 -
B 5 3 2,200 2,800 -
C 3 3 500 500 -
D 8 4 2,400 2,600 A
E 6 3 900 1,200 B
F 3 2 3,000 4,200 C
G 4 2 1,700 2,000 D,E

(a) If you wish to reduce the time required to complete this project by two weeks, which activity(ies) should be crashed, and how much will this increase the total cost?

(b) What would be the added cost if you wanted to complete the project in the minimum time possible?

Reference no: EM1335797

Questions Cloud

Law as a tool for social engineering : How can the law be used as a tool for social engineering? If you were in a position to enact laws.
Rise in government spending increase employment : rise in government spending increase employment and aggregate output in the short-run. Show graphically and use the GDP equation to support your answer.
What is the capacity of a particular airplane sort : You must first determine what entities want to track. Next determine what attributes are needed for each entity, and what relations exist between these entities. You should draw an E-R diagram to show these relations. Be sure to indicate all keys...
Expatriates vs. local nationals : Which would you recommend to your senior HR manager as the better approach for your North American-headquartered firm using expatriates or using local nationals?
Added cost to complete project in minimum time possible : What would be the added cost if you wanted to complete the project in the minimum time possible?
Impact of technology on global hrm : Analysis describing the impact of technology on global HRM and Be sure to cite your reference(s) in your analysis
Act of anti-cybersquatting : Sherman Hanes is a web designer whose firm does business using the name beatstreet. A company called Taubman Co. began building a mall called "The shops at Willow End" near Hane's home, Hanes registered the domain name "shopsatwillowend".
Compute the growth rate forecast utilizing the constant grow : Compute the 10-year growth rate forecast utilizing the constant growth model with annual compounding, and the constant growth model with continuous compounding for each occupation.
Prepare a communications plan for the upcoming change : Internet, and any other resources at your disposal, research communications related to change in organizations so that you can prepare a communications plan for the upcoming change.

Reviews

Write a Review

Project Management Questions & Answers

  Differences of profit objective

Explain what you think are the differences of profit objective between a defence contractor and an educational institution. Give examples and reasons for your choices.

  New product development

You are required to submit a written assignment relating to New Product Development.

  Evaluate the use of complex models of project risk

Critically analyse the concept of risk; discuss how it can be measured and ranked and outline how a project risk management strategy may be constructed.

  Developing policy for reducing the hazard-incident

Develop a policy that is specific for reducing the hazard/incident.

  Talk about fragmentary identities

Social psychologists and even sociologists a lot of times talk about fragmentary identities that exist in people bicultural people.

  Mission and vision-specific strategic goals of organization

Create a mission and vision statement for your organization and determine at least three specific strategic goals that align with the ideals in those two statements.

  Data warehousing and storage systems

Write a minimum of a 650 word essay in APA format describing how "data warehousing and storage systems" can be used within the organization.

  Importance of project sponsorship and leadership

Describe the importance of project sponsorship and leadership when it comes to escalating decisions during a project.

  Criteria for performance excellence improve care quality

How would applying the core values and concepts of the Baldridge Health Care Criteria for performance Excellence improve health care quality?

  Explain most important aspect of project management

Explain most important aspect of project management.

  Project plan and its execution to disrupt the resources

This excerpt explains what factors might intervene between a project plan and its execution to disrupt the resources assigned to the project.

  Distribution strategy and project management

Distribution strategy and project management

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd