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You are the manager of a project to improve a billing process at your firm. The table below contains the data you will need to conduct a cost analysis of the project. Indirect costs are $1,800 per week, and penalty costs are $800 per week after week 12. Activity A B D E F Immediate Predecessor(s) A B B, C D Normal Time (weeks) Crash Time (weeks) 4 1 3 1 3 6 5 1 6 7 7 6 Normal Cost ($) 5,000 7,500 4,000 6,500 3,500 4,000 The minimum.cost schedule costs less then using the "normal" timer (Enter your Crash Cost ($) 8,500 9,500 4,000 12,500 7,000 7,000 a. What is the minimum-cost schedule for this project? The minimum-cost schedule is weeks. (Enter your response as an integer.) b. What is the difference in total project costs between the earliest completion time of the project using "normal" times and the minimum-cost schedule you derived in part (a)? as an integer)

You are the manager of a project to improve a billing process at your firm. The table below contains the data you will need to conduct a cost analysis of the project. Indirect costs are $1,800 per week, and penalty costs are $800 per week after week 12. Activity A B D E F Immediate Predecessor(s) A B B, C D Normal Time (weeks) Crash Time (weeks) 4 1 3 1 3 6 5 1 6 7 7 6 Normal Cost ($) 5,000 7,500 4,000 6,500 3,500 4,000 The minimum.cost schedule costs less then using the "normal" timer (Enter your Crash Cost ($) 8,500 9,500 4,000 12,500 7,000 7,000 a. What is the minimum-cost schedule for this project? The minimum-cost schedule is weeks. (Enter your response as an integer.) b. What is the difference in total project costs between the earliest completion time of the project using "normal" times and the minimum-cost schedule you derived in part (a)? as an integer)

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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You are the manager of a project to improve a billing process at your firm. The table below contains the data you will need to conduct a cost analysis of the project. Indirect costs are $1,800 per week, and penalty costs are $800 per week after week 12. Activity A BCDEF Immediate Predecessor(s) - A B B, C Normal Time (weeks) Crash Time (weeks) 4 1 3 1 3 6 6 5 1 6 7 Normal Cost Crash Cost ($) ($) 5,000 8,500 7,500 9,500 4,000 4,000 6,500 12,500 3,500 7,000 4,000 7,000 a. What is the minimum-cost schedule for this project? The minimum-cost schedule is weeks. (Enter your response as an integer.) b. What is the difference in total project costs between the earliest completion time of the project using "normal" times and the minimum-cost schedule you derived in part (a)? The minimum-cost schedule costs $ less than using the "normal" times. (Enter your response as an integer.)
Transcribed Image Text:You are the manager of a project to improve a billing process at your firm. The table below contains the data you will need to conduct a cost analysis of the project. Indirect costs are $1,800 per week, and penalty costs are $800 per week after week 12. Activity A BCDEF Immediate Predecessor(s) - A B B, C Normal Time (weeks) Crash Time (weeks) 4 1 3 1 3 6 6 5 1 6 7 Normal Cost Crash Cost ($) ($) 5,000 8,500 7,500 9,500 4,000 4,000 6,500 12,500 3,500 7,000 4,000 7,000 a. What is the minimum-cost schedule for this project? The minimum-cost schedule is weeks. (Enter your response as an integer.) b. What is the difference in total project costs between the earliest completion time of the project using "normal" times and the minimum-cost schedule you derived in part (a)? The minimum-cost schedule costs $ less than using the "normal" times. (Enter your response as an integer.)
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