You are assigned your first project and if things go well you should get promoted. The CEO is aware of this project, so you have a chance for high visibility. You want to do a good job! Your first task is to define the wor break down structure by interviewing project activity managers and the firm's friendly, yet boring, accountant to get "good estimates" of project activity times and costs. For one of the activities, the normal time is eight weeks, crash time is four weeks, the normal cost is $7,420, and the crash cost is $17,000. What is the crash cost per week? Round your answer to the nearest dollar. $ per week

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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You are assigned your first project and if things go well you should get promoted. The CEO is aware of this
project, so you have a chance for high visibility. You want to do a good job! Your first task is to define the work
break down structure by interviewing project activity managers and the firm's friendly, yet boring, accountants
to get "good estimates" of project activity times and costs. For one of the activities, the normal time is eight
weeks, crash time is four weeks, the normal cost is $7,420, and the crash cost is $17,000. What is the crash
cost per week? Round your answer to the nearest dollar.
per week
Transcribed Image Text:You are assigned your first project and if things go well you should get promoted. The CEO is aware of this project, so you have a chance for high visibility. You want to do a good job! Your first task is to define the work break down structure by interviewing project activity managers and the firm's friendly, yet boring, accountants to get "good estimates" of project activity times and costs. For one of the activities, the normal time is eight weeks, crash time is four weeks, the normal cost is $7,420, and the crash cost is $17,000. What is the crash cost per week? Round your answer to the nearest dollar. per week
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