Question

Problem #5 An IT project requires 6 activities. The table below displays the expected time and...

Problem #5 An IT project requires 6 activities. The table below displays the expected time and budgeted cost for each activity.

Activity

Expected time (weeks)

Budgeted Cost

Immediate Predecessors

A

3

$2,000

None

B

4

$6,000

None

C

2

$7,000

A

D

5

$9,000

B

E

3

$3,000

C

F

6

$8,000

B,D

Develop a budget for the 15 weeks of the project using LS times.

Homework Answers

Answer #1

ANSWER:

Given that,

Total price of the project would be sum of all the budgeted cost = $2000+ $ 6000 + $ 7000 + $9000 + $3000 + $8000

= $ 35000

Day As per ES
Day 1 2166.6667
Day 2 2166.6667
Day 3 2166.667
Day 4 5000
Day 5 5300
Day 6 2800
Day 7 2800
Day 8 2800
Day 9 1800
Day 10 1333.333
Day 11 1333.333
Day 12 1333.333
Day 13 1333.333
Day 14 1333.333
Day 15 1333.333
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