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Week 4- Crash Time Exercise (Project Management Course)

Use the information contained in the chart and compress one time unit per move using the least cost method. Assume the total indirect cost for the project is $700 and there is a savings of $50 per time unit reduced. Record the total direct, indirect, and project costs for each duration. What is the optimum cost-time schedule for the project? What is the cost?

Resources:

• Textbook Exercise #5 (Ch 9) p.341 in edition 8e of the textbook.