Sixth Example - 4 Task Project

If the Project Manager decides the project must be completed in the shortest time possible, what advise should the Project Planner give? Read on to see how all key advice can be provided through the #TimeCostCurves program.

Figure 1: Setup the schedule for producing the TimeCostCurve.

Figure 2: Normal schedule. Note that Overhead Costs are ignored for this example.

Figure 3: TimeCostCurve

Advise based on TimeCostCurve program
Schedule: Duration (days): Cost ($): Remarks:
Normal schedule 12 days $1,900
Least-cost schedule N/A (since overheads are ignored) By inspection if O/H were say $110 per day, this would result in a 9-day schedule.
Least-time schedule 6 days $2,500
Fully-crashed schedule 6 days $2,700 Activity C can be shortened but it is not on the critical path.

Figure 4: Least-time schedule

Sixth Example - 4 Task Project

Added August 13, 2019 under example, and timecostproblemsolved

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