Assume the network and data that follow. Compute the total direct co each project duration. If the indirect costs for each project duration are (19 time units), $350 (18), $300 (17), and $250 (16), compute the total p cost for each duration. Plot the total direct, indirect, and project costs for of these durations on a cost-time graph. What is the optimum cost-time s ule for the project? What is this cost?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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№
Assume the network and data that follow. Compute the total direct cost for
each project duration. If the indirect costs for each project duration are $400
(19 time units), $350 (18), $300 (17), and $250 (16), compute the total project
cost for each duration. Plot the total direct, indirect, and project costs for each
of these durations on a cost-time graph. What is the optimum cost-time sched-
ule for the project? What is this cost?
Act.
ABCDEFG
Crash Cost (Slope)
20
60
40
0
50
100
70
A
3
B
5
D
10x
с
3
Maximum Crash Time
2
1210331
F
7
0
3
3
E
6
G
5
Normal Time
3530675
10
Initial
project duration 19
Total
direct cost $
Normal Cost
50
60
70
50
100
90
50
$470
Transcribed Image Text:№ Assume the network and data that follow. Compute the total direct cost for each project duration. If the indirect costs for each project duration are $400 (19 time units), $350 (18), $300 (17), and $250 (16), compute the total project cost for each duration. Plot the total direct, indirect, and project costs for each of these durations on a cost-time graph. What is the optimum cost-time sched- ule for the project? What is this cost? Act. ABCDEFG Crash Cost (Slope) 20 60 40 0 50 100 70 A 3 B 5 D 10x с 3 Maximum Crash Time 2 1210331 F 7 0 3 3 E 6 G 5 Normal Time 3530675 10 Initial project duration 19 Total direct cost $ Normal Cost 50 60 70 50 100 90 50 $470
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