Question
Please help. I am so confused with this question!!!
You have collected the data for a Time-Cost CPM Scheduling model analysis. The time is in days and the project "direct costs" are given below. The indirect costs for the project are determined on a daily duration basis and are given below: Total indirect costs for 16 days of project duration: $ 600 Total indirect costs for 15 days of project duration: $ 400 Total indirect costs for 14 days of project duration: $ 200 Total indirect costs for 13 days of project duration: $ 100 At what project duration do we achieve the lowest total project cost (i.e., direct plus indirect costs)?
Explanation / Answer
15 days