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Time-Cost CPM Scheduling Model

The data for a Time-Cost CPM Scheduling model analysis are given below. The times are in days. What is the minimum cost to complete this project in 14 days? (Hint: This problem requires crashing).

Activity Immediate Predecessor Normal Time Crash Time Normal Cost Crash cost
A None 4 2 2000 4000
B A 4 3 3000 6000
C A 2 1 2000 2500
D B and C 4 2 5000 5600
E D 3 1 6000 9000

Solution Summary

Solution analyzes the given CPM problem and calculates the minimum cost to complete the project in 14 days.

$2.19