A project with the following activities is given. The direct cost of the project is "C" and the indirect cost of the project is $5 per day. If you crash a schedule, you add to project's direct cost (e.g., if you crash activitiy B for 1 day then the total direct cost would be C + $2) but save on project's indirect costs ($5 per day) by paying less due to a crashed schedule which is shorter than the original one. You are being asked to reduce project duration to 19 days in the most economical way. In your answers explain: 1. the steps that you would take to do so and why 2. total direct cost of the project

A project with the following activities is given. The direct cost of the project is "C" and the indirect cost of the project is $5 per day. If you crash a schedule, you add to project's direct cost (e.g., if you crash activitiy B for 1 day then the total direct cost would be C + $2) but save on project's indirect costs ($5 per day) by paying less due to a crashed schedule which is shorter than the original one. You are being asked to reduce project duration to 19 days in the most economical way. In your answers explain: 1. the steps that you would take to do so and why 2. total direct cost of the project

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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Concept explainers

Cost control

Cost control or management in property or project management is the process by which managers maintain costs under human resource management, assets, and capital expenditure to ensure that the project ends on a budget basis. Cost management depends on reasonable estimates and ongoing monitoring during the project. As a result, good cost control is essential for any construction business that wants to succeed.

Question

A project with the following activities is given. The direct cost of the project is "C" and the indirect cost of the project is $5 per day. If you crash a schedule, you add
to project's direct cost (e.g., if you crash activitiy B for 1 day then the total direct cost would be C + $2) but save on project's indirect costs ($5 per day) by paying
less due to a crashed schedule which is shorter than the original one. You are being asked to reduce project duration to 19 days in the most economical way. In
your answers explain:
1. the steps that you would take to do so and why
2. total direct cost of the project
Activity
Preceding Activity
Normal Time (day)
Crash Time (day)
Cost Slope
A
2
2
3
В
4
2
2
C
A
3
2
3
D
А, В
6.
1
E
7
4
4
C
3
G
4
2
3
H
D, E
5
4
5
F, G
I, G
3
4
6.
1
K
2
2

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