The following table contains a list of activities, with precedence requirements and crash costs. All start and finish times and crash costs are on a per-week basis.
a. Determine the project cost and duration without crashing.
b. Determine the least expensive project cost if the duration is to be 10% shorter than normal project duration.
c. Determine the least expensive project cost if the duration is to be 20% shorter than normal project duration.
d. Create a graph that shows project expediting cost plotted as a function of the reduction in project duration.
Definitions:
Unit Product Cost
The total cost associated with producing one unit of product, calculated by summing all relevant variable and fixed costs.
Cash Collections
Cash Collections refer to the process of receiving payments from customers for goods or services provided, impacting a company's cash flow.
February
The second month of the year in the Gregorian calendar, known for being the shortest month.
Raw Material
The basic material from which a product is made, often processed in manufacturing to create a final product.
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