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a) What is the target completion week? b) How much would you save in total project costs with your schedule?

a) What is the target completion week? b) How much would you save in total project costs with your schedule?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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QUESTION 2 You are the project manager of a software installation project. You would like to find the minimum-cost schedule for your project. There is a $1000-per-week penalty for each week the project is delayed beyond 25 weeks. In addition, your project team determined that indirect costs are $2,500 per week. Activity A B C D E FC G H Immediate Normal Time Normal Cost Predecessor (weeks) 5 8 10 4 3 9 2 8 9 A A, B B D E, F G C, F ($) 2,000 5,000 10,000 3,000 4,000 8,000 2,000 6,000 7,000 Crash Time (weeks) 3 7 8 3 2 6 2 5 7 a) What is the target completion week? b) How much would you save in total project costs with your schedule? Crash Cost ($) 4,000 8,000 12,000 7,000 5,000 14,000 2,000 9,000 15,000
Transcribed Image Text:QUESTION 2 You are the project manager of a software installation project. You would like to find the minimum-cost schedule for your project. There is a $1000-per-week penalty for each week the project is delayed beyond 25 weeks. In addition, your project team determined that indirect costs are $2,500 per week. Activity A B C D E FC G H Immediate Normal Time Normal Cost Predecessor (weeks) 5 8 10 4 3 9 2 8 9 A A, B B D E, F G C, F ($) 2,000 5,000 10,000 3,000 4,000 8,000 2,000 6,000 7,000 Crash Time (weeks) 3 7 8 3 2 6 2 5 7 a) What is the target completion week? b) How much would you save in total project costs with your schedule? Crash Cost ($) 4,000 8,000 12,000 7,000 5,000 14,000 2,000 9,000 15,000
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