In time-cost optimization of a project, crashing is done
Cost-benefit studies are essential to
The optimum duration is the
The direct cost increases with decrease in duration while the indirect cost decreases with decrease in duration. The optimum duration in the crashing of activities will correspond to minimum total cost (direct + indirect) of project completion.
Match List-1 (Cost) with List-il (Feature) and select the correct answer using the codes given below the lists:
A. Optimal cost
C. Direct cost
D. Indirect cost
1. Activity related
2. Developed by crashing process
4. Contained in, or contributing exclusively to the related product
Fixed indirect cost is independent of the progress of project. It includes initial expenditure for purchase of equipment, installation and storage charge required for different activities.
In cost time optimization of a project, the project can be crashed by expediting
Which of the following represents the reduction induration?
Consider the following statements:
Crashing a project in terms of its duration would result in
1. an increase in the indirect cost
2. a decrease in the indirect cost
3. a decrease in the direct cost
4. an increase in the direct cost
Which of these statements are correct?
Crasing reduces duration and therefore indirect cost decreases while direct cost increase.
The cost slope is defined as
The reduction in project time normally results in
Economic saving of time results by crashing