Chapter 9 Homework

1353 Words Jul 5th, 2012 6 Pages
Chapter 9

reducing project duration

Review Questions

1. What are five common reasons for crashing a project?

Reasons given could include:

• Imposed deadline in which disfavor will be earned by not meeting superior’s deadline • Time to market competitive advantage • Realize benefits from incentive contracts • To make up for lost time and avoid contract penalties • Save extensive overhead costs • Free up resources to work on other projects • Exceed customer expectations.

2. What are the advantages and disadvantages of reducing project scope to accelerate a project? What can be done to reduce the disadvantages?

Reducing the scope of the project can lead to big savings both in time and costs. It
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Which activity would you shorten to reduce the project duration by 2 weeks? Why?

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3. Given the data and information that follow, compute the total direct cost for each project duration. If the indirect costs for each project duration are $90 (15 time units), $70 (14), $50 (13), $40 (12), and $30 (11), compute the total project cost for each duration. What is the optimum cost-time schedule for the project? What is this cost?

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4. If the indirect costs for each duration are $1,200 for 16 weeks, $1,130 for 15 weeks, $1,000 for 14 weeks, $900 for 13 weeks,

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