Question

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.

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