You Are Planning to Add New Mulch to All the Landscaping

question 120

Essay

You are planning to add new mulch to all the landscaping beds around your house.You have determined the quantity of mulch you will need and have identified these two options for getting the mulch to your house:
1.You can have all the mulch delivered to your yard in one dump truck for $450.
2.You can make four trips to the garden center with your pickup truck and haul it yourself.It will cost you $75 per load for the mulch,plus $25 in fuel and truck wear per load.You estimate it will take about five hours to haul and unload all four loads.
What is the full cost of each method? Which method is cheaper? How is opportunity cost relevant?

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Definitions:

Crashing

A project management technique used to reduce the time for project completion through the increase of resources on critical tasks.

CPM Network

Critical Path Method Network; a project management tool that outlines every task necessary to complete a project and the relationships between those tasks, helping identify the longest stretch of dependent activities and the time necessary to complete them.

Project Cost

The total financial resources required to complete a project, encompassing all types of expenses.

PERT

Program Evaluation and Review Technique is a project management tool used to plan, schedule, and control complex projects by analyzing tasks and their time estimates.