Project Management: Cost Calculation, Project Plan, and Crashing

This article covers cost calculation, project plan, and crashing in project management. It includes solved examples and expert guidance. The subject is project management and the course code and college/university are not mentioned.

Running head: PROJECT MANAGEMENT
Project Management
Name of the Student
Name of the University
Author’s Note

2
PROJECT MANAGEMENT
Table of Contents
Answer to Question 1:................................................................................................................3
Answer to Question 2:................................................................................................................5
Answer to Question 3:..............................................................................................................10
Answer to Question 4:..............................................................................................................15
Bibliography.............................................................................................................................23

3
PROJECT MANAGEMENT
Answer to Question 1:
For answering the question it is assumed that the payment is done by the owner only
for the hours worked, the idle and the waiting time are non-paid. The cost of prepping is
$50/hr and the painting cost is $30/hr. The given conditions are noted for the calculation of
the total labour cost for the painting project. The following excel table is attached after the
calculation of the cost of the project.
Date Resource Daily
Regular
Cost
Overtim
e Hrs
Overtim
e Rate
Overtime
Cost
Total
Cost
Mon 4-9-
2018
PE1 $
400.00
$
100.00
$
-
$
400.00
Mon 4-9-
2018
P1 $
250.00
1.00 $
62.50
$
62.50
$
312.50
Tue 4-10-
2018
PE1 $
400.00
$
100.00
$
-
$
400.00
Tue 4-10-
2018
P1 $
250.00
1.00 $
62.50
$
62.50
$
312.50
Wed 4-11-
2018
PE1 $
400.00
$
100.00
$
-
$
400.00
Wed 4-11-
2018
P2 $
250.00
1.00 $
62.50
$
62.50
$
312.50
Thu 4-12-
2018
PE2 $
600.00
$
150.00
$
-
$
600.00
Thu 4-12- P3 $ 1.00 $ $ $

4
PROJECT MANAGEMENT
2018 300.00 75.00 75.00 375.00
Fri 4-13-
2018
PE2 $
600.00
$
150.00
$
-
$
600.00
Fri 4-13-
2018
P2 $
250.00
1.00 $
62.50
$
62.50
$
312.50
Sat 4-14-
2018
PE2 $
600.00
$
150.00
$
-
$
600.00
Sat 4-14-
2018
P1 $
250.00
1.00 $
62.50
$
62.50
$
312.50
TOTAL $
4,550.00
6.00 $
387.50
$
4,937.50
Answer to Question 2:
The project plan is created maintaining the constraints including the lunch breaks and the
following the standard 8 hours per day from 8 A.M to 5 P.M. The resources are selected each
day such that all the resources are not hired for the day and cost of the project is kept
minimum. The rate of the Prep Experts and the Painters are considered for the calculation of
the cost of the project. It is assumed that if more than one of the resource is allocated for the
completion of the task each of the member would have an equal contribution for the
completion of the activity.
ID Room Activ
ity
Eff
ort
Wa
it
Ti
me
Predec
essor(s
)
Reso
urce
(s)
Abb
Du
rati
on
(Hr
Start
Time
End
Time
Reso
urce
Ove
rtim

5
PROJECT MANAGEMENT
r.
(e.g.,
PE1,
P1,P
2)
s) e
Hou
rs
Calc
ulat
ed
at
End
of
Day
1 Bathr
oom 1
Prepp
ing
3 PE1
3.0
0
Mon 4-9-
2018
8:00 AM
Mon 4-9-
2018
11:00
AM
2 Bathr
oom 1
Paint
coat 1
2 1 P1
4.0
0
Mon 4-9-
2018
11:00
AM
Mon 4-9-
2018
3:00 PM
3 Bathr
oom 1
Coat
1 Dry
Time
1 2
1.0
0
Mon 4-9-
2018
3:00 PM
Mon 4-9-
2018
4:00 PM
4 Bathr
oom 1
Paint
Coat
2
2 3 P1
4.0
0
Mon 4-9-
2018
4:00 PM
Mon 4-9-
2018
8:00 PM
1.00

6
PROJECT MANAGEMENT
5 Bathr
oom 2
Prepp
ing
3 PE1
3.0
0
Tue 4-10-
2018
8:00 AM
Tue 4-10-
2018
11:00
AM
6 Bathr
oom 2
Paint
coat 1
2 5 P1
4.0
0
Tue 4-10-
2018
11:00
AM
Tue 4-10-
2018
3:00 PM
7 Bathr
oom 2
Coat
1 Dry
Time
1 6
1.0
0
Tue 4-10-
2018
3:00 PM
Tue 4-10-
2018
4:00 PM
8 Bathr
oom 2
Paint
Coat
2
2 7 P1
4.0
0
Tue 4-10-
2018
4:00 PM
Tue 4-10-
2018
8:00 PM
1.00
9 Maste
r
Bedro
om
Prepp
ing
6 4, 8 PE1
3.0
0
Wed 4-
11-2018
8:00 AM
Wed 4-
11-2018
11:00
AM
10 Maste
r
Bedro
om
Paint
coat 1
4 9 P2
4.0
0
Wed 4-
11-2018
11:00
AM
Wed 4-
11-2018
3:00 PM
11 Maste
r
Coat
1 Dry
1 10
1.0
Wed 4-
11-2018
Wed 4-
11-2018

7
PROJECT MANAGEMENT
Bedro
om
Time 0 3:00 PM 4:00 PM
12 Maste
r
Bedro
om
Paint
Coat
2
4 11 P2
4.0
0
Wed 4-
11-2018
4:00 PM
Wed 4-
11-2018
8:00 PM
1.00
13 Bedro
om 2
Prepp
ing
3.5 4, 8 PE2
3.0
0
Thu 4-
12-2018
8:00 AM
Thu 4-
12-2018
11:00
AM
14 Bedro
om 2
Paint
coat 1
3 13 P3
4.0
0
Thu 4-
12-2018
11:00
AM
Thu 4-
12-2018
3:00 PM
15 Bedro
om 2
Coat
1 Dry
Time
1 14
1.0
0
Thu 4-
12-2018
3:00 PM
Thu 4-
12-2018
4:00 PM
16 Bedro
om 2
Paint
Coat
2
3 15 P3
4.0
0
Thu 4-
12-2018
4:00 PM
Thu 4-
12-2018
8:00 PM
1.00
17 Hallw
ay
Prepp
ing
4 12,16 PE2
3.0
0
Fri 4-13-
2018
8:00 AM
Fri 4-13-
2018
11:00

8
PROJECT MANAGEMENT
AM
18 Hallw
ay
Paint
coat 1
3 17 P2
4.0
0
Fri 4-13-
2018
11:00
AM
Fri 4-13-
2018
3:00 PM
19 Hallw
ay
Coat
1 Dry
Time
1 18
1.0
0
Fri 4-13-
2018
3:00 PM
Fri 4-13-
2018
4:00 PM
20 Hallw
ay
Paint
Coat
2
3 19 P2
4.0
0
Fri 4-13-
2018
4:00 PM
Fri 4-13-
2018
8:00 PM
1.00
21 Foyer Prepp
ing
3 20 PE2
3.0
0
Sat 4-14-
2018
8:00 AM
Sat 4-14-
2018
11:00
AM
22 Foyer Paint
coat 1
2 21 P1
4.0
0
Sat 4-14-
2018
11:00
AM
Sat 4-14-
2018
3:00 PM
23 Foyer Coat
1 Dry
Time
1 22
1.0
0
Sat 4-14-
2018
3:00 PM
Sat 4-14-
2018
4:00 PM
24 Foyer Paint
Coat
2 23 P1
4.0
Sat 4-14-
2018
Sat 4-14-
2018 1.00

9
PROJECT MANAGEMENT
2 0 4:00 PM 8:00 PM
Total
Schedule
Days
5.50
Answer to Question 3:
In the question 3 the project is crashed for the solution of question 2 and a project
presentation plan is created for the management of the relationship between the resource and
the activity. The crashing is applied for completing the project before time and adding more
resources for completing the critical activities earlier. It can help the project manager for
faster tracking the project and getting the project back to the track. With the crashing of
project the need of providing overtime to the workers are eliminated and thus the effort of the
employee can be divided for increasing the efficiency of the project.
I
D
R
oom
A
ctivity
E
ffort
W
ait
Time
Pr
edecessor
(s)
R
esource(
s) Abbr.
(e.g.,
PE1,
P1,P2)
Dur
atio
n
(Hr
s)
S
tart
Time
E
nd
Time
1 B
athroom
1
P
repping
3 P
E1, PE2 1.50
M
on 4-
9-
2018
8:00
M
on 4-
9-
2018
9:30

10
PROJECT MANAGEMENT
AM AM
2 B
athroom
1
P
aint
coat 1
2 1 P
1, P2 2.00
M
on 4-
9-
2018
9:30
AM
M
on 4-
9-
2018
11:30
AM
3 B
athroom
1
C
oat 1
Dry
Time
1 2
1.00
M
on 4-
9-
2018
11:30
AM
M
on 4-
9-
2018
12:30
PM
4 B
athroom
1
P
aint
Coat 2
2 3 P
1, P2 2.00
M
on 4-
9-
2018
12:30
PM
M
on 4-
9-
2018
2:30
PM
5 B
athroom
2
P
repping
3 P
E2, PE1 1.50
T
ue 4-
10-
2018
8:00
T
ue 4-
10-
2018
9:30

11
PROJECT MANAGEMENT
AM AM
6 B
athroom
2
P
aint
coat 1
2 5 P
2, P3 2.00
T
ue 4-
10-
2018
9:30
AM
T
ue 4-
10-
2018
11:30
AM
7 B
athroom
2
C
oat 1
Dry
Time
1 6
1.00
T
ue 4-
10-
2018
11:30
AM
T
ue 4-
10-
2018
12:30
PM
8 B
athroom
2
P
aint
Coat 2
2 7 P
2, P3 2.00
T
ue 4-
10-
2018
12:30
PM
T
ue 4-
10-
2018
2:30
PM
9 M
aster
Bedroo
m
P
repping
6 4,
8
P
E2, PE1 1.50
W
ed 4-
11-
2018
8:00
W
ed 4-
11-
2018
9:30

12
PROJECT MANAGEMENT
AM AM
1
0
M
aster
Bedroo
m
P
aint
coat 1
4 9
2.00
W
ed 4-
11-
2018
9:30
AM
W
ed 4-
11-
2018
11:30
AM
1
1
M
aster
Bedroo
m
C
oat 1
Dry
Time
1 10 P
3, P1 1.00
W
ed 4-
11-
2018
11:30
AM
W
ed 4-
11-
2018
12:30
PM
1
2
M
aster
Bedroo
m
P
aint
Coat 2
4 11 P
3, P1 2.00
W
ed 4-
11-
2018
12:30
PM
W
ed 4-
11-
2018
2:30
PM
1
3
B
edroom
2
P
repping
3
.5
4,
8
P
E1, PE2 1.50
T
hu 4-
12-
2018
8:00
T
hu 4-
12-
2018
9:30

13
PROJECT MANAGEMENT
AM AM
1
4
B
edroom
2
P
aint
coat 1
3 13 P
1, P3 2.00
T
hu 4-
12-
2018
9:30
AM
T
hu 4-
12-
2018
11:30
AM
1
5
B
edroom
2
C
oat 1
Dry
Time
1 14
1.00
T
hu 4-
12-
2018
11:30
AM
T
hu 4-
12-
2018
12:30
PM
1
6
B
edroom
2
P
aint
Coat 2
3 15 P
1, P3 2.00
T
hu 4-
12-
2018
12:30
PM
T
hu 4-
12-
2018
2:30
PM
1
7
H
allway
P
repping
4 12,
16
P
E1, PE2 1.50
F
ri 4-
13-
2018
8:00
F
ri 4-
13-
2018
9:30

14
PROJECT MANAGEMENT
AM AM
1
8
H
allway
P
aint
coat 1
3 17 P
2, P3 2.00
F
ri 4-
13-
2018
9:30
AM
F
ri 4-
13-
2018
11:30
AM
1
9
H
allway
C
oat 1
Dry
Time
1 18
1.00
F
ri 4-
13-
2018
11:30
AM
F
ri 4-
13-
2018
12:30
PM
2
0
H
allway
P
aint
Coat 2
3 19 P
2, P3 2.00
F
ri 4-
13-
2018
12:30
PM
F
ri 4-
13-
2018
2:30
PM
2
1
F
oyer
P
repping
3 20 P
E1, PE2 1.50
S
at 4-
14-
2018
8:00
S
at 4-
14-
2018
9:30

15
PROJECT MANAGEMENT
AM AM
2
2
F
oyer
P
aint
coat 1
2 21 P
2, P3 2.00
S
at 4-
14-
2018
9:30
AM
S
at 4-
14-
2018
11:30
AM
2
3
F
oyer
C
oat 1
Dry
Time
1 22
1.00
S
at 4-
14-
2018
11:30
AM
S
at 4-
14-
2018
12:30
PM
2
4
F
oyer
P
aint
Coat 2
2 23 P
2, P3 2.00
S
at 4-
14-
2018
12:30
PM
S
at 4-
14-
2018
2:30
PM
T
otal
Sche
dule
Days
5.27

16
PROJECT MANAGEMENT
Answer to Question 4:
The cost of the project after crashing is calculated and given in the following table.
The crashing of the project is applied when the there is a need to complete the project at a
faster rate than it is progressing currently. If the deadline for the completion of the project is
fixed and the current project needs some changes the project crashing is applied. For the
crashing the relationship between the sponsors and the team members of the project should be
identified and the project should be flexible such that it can adopt the new changes. The
crashing is also applied if there is a delay in the progress of the project due to unavailability
of the team members and some complexity in the project. During the progress of the project
some of the resources may become suddenly unavailable and who was contributing to the
project and thus at the end of the project more resource are added and the project is crashed
for completing the project within the scheduled deadline.
Date Resource Daily
Regular
Cost
Overti
me Hrs
Overti
me
Rate
Overtime
Cost
Total
Cost
Mon 4-9-
2018
PE1 $
400.00
$
100.00
$
-
$
400.00
Mon 4-9-
2018
PE2 $
600.00
$
150.00
$
-
$
600.00
Mon 4-9-
2018
P1 $
250.00
$
62.50
$
-
$
250.00
Mon 4-9-
2018
P2 $
250.00
$
62.50
$
-
$
250.00
Tue 4-10- PE1 $ $ $ $

17
PROJECT MANAGEMENT
2018 400.00 100.00 - 400.00
Tue 4-10-
2018
PE2 $
600.00
$
150.00
$
-
$
600.00
Tue 4-10-
2018
P2 $
250.00
$
62.50
$
-
$
250.00
Tue 4-10-
2018
P3 $
300.00
$
75.00
$
-
$
300.00
Wed 4-11-
2018
PE2 $
600.00
$
150.00
$
-
$
600.00
Wed 4-11-
2018
PE1 $
400.00
$
100.00
$
-
$
400.00
Wed 4-11-
2018
P3 $
300.00
$
75.00
$
-
$
300.00
Wed 4-11-
2018
P1 $
250.00
$
62.50
$
-
$
250.00
Thu 4-12-
2018
PE1 $
400.00
$
100.00
$
-
$
400.00
Thu 4-12-
2018
PE2 $
600.00
$
150.00
$
-
$
600.00
Thu 4-12-
2018
P1 $
250.00
$
62.50
$
-
$
250.00
Thu 4-12-
2018
P3 $
300.00
$
75.00
$
-
$
300.00
Fri 4-13-
2018
PE1 $
400.00
$
100.00
$
-
$
400.00

18
PROJECT MANAGEMENT
Fri 4-13-
2018
PE2 $
600.00
$
150.00
$
-
$
600.00
Fri 4-13-
2018
P2 $
250.00
0.00 $
62.50
$
-
$
250.00
Fri 4-13-
2018
P3 $
300.00
$
75.00
$
-
$
300.00
Sat 4-14-
2018
PE1 $
400.00
0.00 $
100.00
$
-
$
400.00
Sat 4-14-
2018
PE2 $
600.00
0.00 $
150.00
$
-
$
600.00
Sat 4-14-
2018
P2 $
250.00
0.00 $
62.50
$
-
$
250.00
Sat 4-14-
2018
P3 $
300.00
0.00 $
75.00
$
-
$
300.00
TOTAL $
9,250.00
0.00 $
-
$
9,250.00
Revised Project plan after crashing the project with the updates such as actual start date, end
date, hours and the new tasks that are needed to be performed for the completion of the
project.
ID Room Activi
ty
Eff
ort
Wai
t
Tim
e
Prede
cessor
(s)
Reso
urce(
s)
Abbr
.
Du
rati
on
(Hr
Start
Time
End Time

19
PROJECT MANAGEMENT
(e.g.,
PE1,
P1,P
2)
s)
1 Bathro
om 1
Preppi
ng
3 PE1,
PE2 1.50
Mon 4-9-
2018 8:00
AM
Mon 4-9-
2018 9:30
AM
2 Bathro
om 1
Paint
coat 1
2 1 P1,
P2 2.00
Mon 4-9-
2018 9:30
AM
Mon 4-9-
2018 11:30
AM
3 Bathro
om 1
Coat 1
Dry
Time
1 2
1.00
Mon 4-9-
2018 11:30
AM
Mon 4-9-
2018 12:30
PM
4 Bathro
om 1
Paint
Coat 2
2 3 P1,
P2 2.00
Mon 4-9-
2018 12:30
PM
Mon 4-9-
2018 2:30
PM
5 Bathro
om 2
Preppi
ng
3 PE2,
PE1 1.50
Tue 4-10-
2018 8:00
AM
Tue 4-10-
2018 9:30
AM
6 Bathro
om 2
Paint
coat 1
2 5 P2,
P3 2.00
Tue 4-10-
2018 9:30
AM
Tue 4-10-
2018 11:30
AM
7 Bathro
om 2
Coat 1
Dry
1 6
1.00
Tue 4-10-
2018 11:30
Tue 4-10-
2018 12:30

20
PROJECT MANAGEMENT
Time AM PM
8 Bathro
om 2
Paint
Coat 2
2 7 P2,
P3 2.00
Tue 4-10-
2018 12:30
PM
Tue 4-10-
2018 2:30
PM
9 Master
Bedroo
m
Preppi
ng
6 4, 8 PE2,
PE1 1.50
Wed 4-11-
2018 8:00
AM
Wed 4-11-
2018 9:30
AM
10 Master
Bedroo
m
Paint
coat 1
4 9
2.00
Wed 4-11-
2018 9:30
AM
Wed 4-11-
2018 11:30
AM
11 Master
Bedroo
m
Coat 1
Dry
Time
1 10 P3,
P1 1.00
Wed 4-11-
2018 11:30
AM
Wed 4-11-
2018 12:30
PM
12 Master
Bedroo
m
Paint
Coat 2
4 11 P3,
P1 2.00
Wed 4-11-
2018 12:30
PM
Wed 4-11-
2018 2:30
PM
13 Bedroo
m 2
Preppi
ng
3.5 4, 8 PE1,
PE2 1.50
Thu 4-12-
2018 8:00
AM
Thu 4-12-
2018 9:30
AM
14 Bedroo
m 2
Paint
coat 1
3 13 P1,
P3 2.00
Thu 4-12-
2018 9:30
AM
Thu 4-12-
2018 11:30
AM
15 Bedroo Coat 1 1 14 Thu 4-12- Thu 4-12-

21
PROJECT MANAGEMENT
m 2 Dry
Time
1.00 2018 11:30
AM
2018 12:30
PM
16 Bedroo
m 2
Paint
Coat 2
3 15 P1,
P3 2.00
Thu 4-12-
2018 12:30
PM
Thu 4-12-
2018 2:30
PM
17 Hallwa
y
Preppi
ng
4 12,16 PE1,
PE2 1.50
Fri 4-13-
2018 8:00
AM
Fri 4-13-
2018 9:30
AM
18 Hallwa
y
Paint
coat 1
3 17 P2,
P3 2.00
Fri 4-13-
2018 9:30
AM
Fri 4-13-
2018 11:30
AM
19 Hallwa
y
Coat 1
Dry
Time
1 18
1.00
Fri 4-13-
2018 11:30
AM
Fri 4-13-
2018 12:30
PM
20 Hallwa
y
Paint
Coat 2
3 19 P2,
P3 2.00
Fri 4-13-
2018 12:30
PM
Fri 4-13-
2018 2:30
PM
21 Foyer Preppi
ng
3 20 PE1,
PE2 1.50
Sat 4-14-
2018 8:00
AM
Sat 4-14-
2018 9:30
AM
22 Foyer Paint
coat 1
2 21 P2,
P3 2.00
Sat 4-14-
2018 9:30
AM
Sat 4-14-
2018 11:30
AM

22
PROJECT MANAGEMENT
23 Foyer Coat 1
Dry
Time
1 22
1.00
Sat 4-14-
2018 11:30
AM
Sat 4-14-
2018 12:30
PM
24 Foyer Paint
Coat 2
2 23 P2,
P3 2.00
Sat 4-14-
2018 12:30
PM
Sat 4-14-
2018 2:30
PM
Total
Schedule
Days
5.27

23
PROJECT MANAGEMENT
Bibliography
Chitra, K. and Halder, P., 2017. Scheduling Project Crashing Time Using Linear
Programming Approach: Case Study. International Journal of Research in Industrial
Engineering, 6(4), pp.283-292.
Mortazavi Nejad, M. and Tareghian, H.R., 2017. Payment scheduling under project crashing
based on project progress. Iranian Journal of Numerical Analysis and Optimization, 7(2),
pp.39-56.
Rumeser, D. and Emsley, M., 2017, October. Learning Style and Learning Method
Preference in Project Management Education: What Happens When Things get More
Complex?. In European Conference on Games Based Learning (pp. 860-865). Academic
Conferences International Limited.