The budget calls for each of 6 project team members to be pa…
The budget calls for each of 6 project team members to be paid $2500 each per week for 8 months (which adds up to $120,000). After 2 months, the project sponsor informs the team that the work must be finished 5 weeks early. In order to meet this earlier deadline, the project sponsor must spend another $20,000. The $20,000 is considered the “expedited cost” of the project.