Development at Version 2.0 of a particular accounting software product is being
ID: 3271407 • Letter: D
Question
Development at Version 2.0 of a particular accounting software product is being considered by Jose Noguera's technology firm in Baton Rouge. The activities necessary for the completion of this project are listed in the following table: a) Based on the given information regarding the activities for the project, the project length = weeks. b) The total cost required for competing this project on normal time = $ . c) For reducing the duration of the protect by one week, the activity that should be crashed first is activity The cost of the project based on the first activity selected for crashing will increase by $ . d) The maximum weeks by which the project can be reduced by crashing = weeks. Total cost of crashing the project to minimum (or maximum weeks possible) = Enter your answer in each of the answer boxes.Explanation / Answer
a) The project length is = 4 + 2 + 3 + 8 + 6 + 3 + 4 = 30 weeks. (Ans).
b) Total cost for completing the project on normal time = $(2200 + 2200 + 500 + 2500 + 800 + 3400 + 1600) = $13,200. (Ans).
c) The activity that should be crashed first to reduce the duration by one week is Activity A, as the cost increase in this case is minimum. (Ans).
The cost will increase by = $(2850 - 2200) = $650. (Ans).
d) The maximum weeks that can be reduced is = 30 - (3 + 1 + 3 + 4 + 3 + 2 + 2) = 30 - 18 = 12 weeks. (Ans).
Total cost for crashing = $(2850 + 2900 + 500 + 2820 + 1100 + 4900 + 2100) = $17170. (Ans).
Thus increase in cost due to crashing = $(17170 - 13200) = $3970. (Ans).
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