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Crash Cost when Cost Slope is Known Solution

STEP 0: Pre-Calculation Summary
Formula Used
crash_cost = (Cost slope*(Normal time-Crash time))+Normal cost
CC = (CS*(NT-CT))+NC
This formula uses 4 Variables
Variables Used
Cost slope- The Cost slope is defined as the in­crease in the cost of the activity per unit decrease in the time.
Normal time - Normal time is the amount of time initially planned to complete the activity. (Measured in Day)
Crash time - Crash time is the amount of time that activity will take if the additional resources are expended. (Measured in Day)
Normal cost- The normal cost is the cost associated when the project is completed within the normal time.
STEP 1: Convert Input(s) to Base Unit
Cost slope: 100 --> No Conversion Required
Normal time: 3 Day --> 259200 Second (Check conversion here)
Crash time: 2 Day --> 172800 Second (Check conversion here)
Normal cost: 300 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
CC = (CS*(NT-CT))+NC --> (100*(259200-172800))+300
Evaluating ... ...
CC = 8640300
STEP 3: Convert Result to Output's Unit
8640300 --> No Conversion Required
FINAL ANSWER
8640300 <-- Crash cost
(Calculation completed in 00.016 seconds)

5 Other formulas that you can solve using the same Inputs

Normal Cost when Slope is Known
normal_cost = -((Cost slope*(Normal time-Crash time))-Crash cost) Go
Crash Time when Slope is Known
crash_time = -(((Crash cost-Normal cost)/Cost slope)-Normal time) Go
Normal Time when Slope is Known
normal_time = ((Crash cost-Normal cost)/Cost slope)+Crash time Go
Cost Slope
cost_slope = (Crash cost-Normal cost)/(Normal time-Crash time) Go
Crashing
cost_slope = (Crash cost-Normal cost)/(Normal time-Crash time) Go

Crash Cost when Cost Slope is Known Formula

crash_cost = (Cost slope*(Normal time-Crash time))+Normal cost
CC = (CS*(NT-CT))+NC

What is Cost Optimization?

The Cost Optimization is a process that should be carried out throughout the construction period to ensure that the cost of the building is kept within the estimated cost limits. Cost optimization of a project involves the collecting and measuring the cost record of a project and the work progress.

How to Calculate Crash Cost when Cost Slope is Known?

Crash Cost when Cost Slope is Known calculator uses crash_cost = (Cost slope*(Normal time-Crash time))+Normal cost to calculate the Crash cost, The Crash Cost when Cost Slope is Known is direct cost corresponding to completion of an activity within crash time. Crash cost and is denoted by CC symbol.

How to calculate Crash Cost when Cost Slope is Known using this online calculator? To use this online calculator for Crash Cost when Cost Slope is Known, enter Cost slope (CS), Normal time (NT), Crash time (CT) and Normal cost (NC) and hit the calculate button. Here is how the Crash Cost when Cost Slope is Known calculation can be explained with given input values -> 8.640E+6 = (100*(259200-172800))+300.

FAQ

What is Crash Cost when Cost Slope is Known?
The Crash Cost when Cost Slope is Known is direct cost corresponding to completion of an activity within crash time and is represented as CC = (CS*(NT-CT))+NC or crash_cost = (Cost slope*(Normal time-Crash time))+Normal cost. The Cost slope is defined as the in­crease in the cost of the activity per unit decrease in the time, Normal time is the amount of time initially planned to complete the activity, Crash time is the amount of time that activity will take if the additional resources are expended and The normal cost is the cost associated when the project is completed within the normal time.
How to calculate Crash Cost when Cost Slope is Known?
The Crash Cost when Cost Slope is Known is direct cost corresponding to completion of an activity within crash time is calculated using crash_cost = (Cost slope*(Normal time-Crash time))+Normal cost. To calculate Crash Cost when Cost Slope is Known, you need Cost slope (CS), Normal time (NT), Crash time (CT) and Normal cost (NC). With our tool, you need to enter the respective value for Cost slope, Normal time, Crash time and Normal cost and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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