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Roll no 1311314
Assignment 1
a. With the given activities, duration and costs the project was scheduled. Project Information can
be summed as given below.
Priyanshu Kumar
Roll no 1311314
Initial
Time
(Weeks)
1.5
Final
Time
(Weeks)
0.5
1.5
3.5
4
3
1
1
3
5
6
4.5
5
1.5
1.5
1.5
0.5
0.5
2
3.5
4
2
4
Extra
Extra
Cost
Cost
($)
/Week
3500
3500
6000
8000
11000
7000
3000
3300
7000
19000
35000
59000
45000
4000
4000
4400
4666
6000
6600
7000
12666
17500
23600
45000
Upon careful examination and seeing through the critical path, money should be invested in
activities 3, 2, 16, 15, 12, 17.
In activities 3, 2, 16, 15 and 12 full decline in time is needed while in activity 17 only 0.5 weeks of
decline is needed. Hence
Minimum total cost increase = 3500 + 6000 + 8000 + 7000 + 3000 + 0.5*23600
= $39300
Hence Total Cost = $ 221500 + $39300 = $ 260800
d. In this part money and resources should be invested in activities 3, 2, 16 and 15.
However in activity 2 only 0.5 weeks of decline is needed to maintain 24 weeks of scheduled time.
Hence
Minimum total cost increase = 3500 + 0.5*4000 + 8000 + 7000
= $20000
Hence Total Cost = $ 221500 + $20000 = $241500