The Advanced Tech Company has a project to design an integrated information database
for a major bank. Data for the project are given in Table Q2 below. Indirect project costs
amount to $300 per day. The company will incur a $150 per day penalty for each day the
project lasts beyond day 14.
Table Q2: Database Design Project Data
Activity Predecessor
Normal Time
(days)
Crash Time
(days)
Normal Cost
($)
Crash Cost
($)
A - 6 5 1,000 1,200
B - 4 2 800 2,000
C A, B 3 2 600 900
D B 2 1 1,500 2,000
E C, D 6 4 900 1,200
F E 2 1 1,300 1,400
G D 4 4 900 900
H G 4 2 500 900
(a) What is the shortest time duration for this project regardless of cost?
(b) what is the total cost and time of the minimum cost schedule