QUESTION 2You are the project manager of a software installation project. You would like to find the minimum-costschedule for your project. There is a $1000-per-week penalty for each week the project is delayedbeyond 25 weeks. In addition, your project team determined that indirect costs are $2,500 per week.ActivityABCDEFCGHImmediate Normal Time Normal CostPredecessor (weeks)5810439289AA, BBDE, FGC, F($)2,0005,00010,0003,0004,0008,0002,0006,0007,000Crash Time(weeks)378326257a) What is the target completion week?b) How much would you save in total project costs with your schedule?Crash Cost($)4,0008,00012,0007,0005,00014,0002,0009,00015,000

First, I will prepare the precedence diagram using normal time data and immediate predecessor…

Answered: a) What is the target completion week?…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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a) What is the target completion week? b) How much would you save in total project costs with your schedule?