I am a student and I'm learning the in's and out's of project management using Excel and MS Project. I have been attempting to complete practice assignments set by my tutor to help me for when I have to sit exams later this year.
I am stuck on one part:
Demonstrate how you would “crash” the project to enable it to achieve maximum profit if the rental income from the development is assumed to be 80% of its maximum. - That is, HK$2,800 per day when operational.
- Activity 1 can be reduced by a maximum of 2 days at a cost of HK$700 per day
- Activity 2 can be reduced by a maximum of 4 days at a cost of HK$2,000 per day
- Activity 4 can be reduced by a maximum of 6 days at a cost of HK$2,900per day
- Activity 5 can be reduced by a maximum of 3 days at a cost of HK$1,600 per day
- Activity 6 can be reduced by a maximum of 3 days at a cost of HK$1,000 per day
- Activity 7 can be reduced by a maximum of 2 days at a cost of HK$500 per day
- Activity 8 can be reduced by a maximum of 1 day at a cost of HK$800 per day
- Activity 9 can be reduced by a maximum of 10 days at a cost of HK$1,300 per day
Thanks,
Student_MSProject