Answered: The quality firm mentioned earlier, are…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The quality firm mentioned earlier, are having another project that is facing a problem to meet the deadline, the information provided below will help in crashing the project to meet the deadline.
- Total Project Indirect cost = 500$.
- Indirect Reduction in Cost/day= 60$

I. What is the total project cost?
II. What is the slope value and max crash for the Improvement task ?
III. What is the recommended task to crash first in this project?
IV. What is the new total project cost after the firs crash iteration ?

Task Name
Predecessor
Direct Cost
Normal
Crash
Time
Cost($)
Time
Cost($)
Define
3
30
50
Project Charter Define
20
4
65
F-Diagram
Define
10
70
9
90
P-Chart
Define
11
80
7
115
Measure
Project Charter
8
50
110
Improvement
F-Diagram, P-Chart
5
75
4
85
Analyze
Measure, Improvement
100
100

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