Estimating minimum cost schedule for the project

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Reference no: EM13105647

You are the manager of a project to improve billing process at your firm. The table below contains the data you will need to conduct a sales analysis of the project. Indirect costs are $1,600 per week, and penalty costs are $1,200 per week after Week 12.

a. What is the minimum-cost schedule for this project?

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)?

Activity	Immediate Predecessor(s)	Normal Time (weeks)	Crash Time (weeks)	Normal Cost ($)	Crash Cost ($)
A	--	4	1	5,000	8,000
B	--	5	3	8,000	10,000
C	A	1	1	4,000	4,000
D	B	6	3	6,000	12,000
E	B, C	7	6	4,000	7,000
F	D	7	6	4,000	7,000

Reference no: EM13105647

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