{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/759b95a1e92246499f9f283c4b2d0adc\" frameborder=\"0\" width=\"1870\" height=\"1402\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1402,"width":1870,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1402,"thumbnail_width":1870,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/759b95a1e92246499f9f283c4b2d0adc-d8564d8ce8424f6f.jpg","duration":348.352,"title":"Modeling Cost Penalties in Alice","description":"In this video, I walk you through how to model cost penalties in Alice, starting with creating a milestone to mark when the penalties begin. I demonstrate linking a level of effort activity to this milestone and assigning a resource with a cost per day that reflects the penalty amount. For example, if our penalty is $1,000 a day, we calculate that to $41.60 an hour. I also show how to run scenarios to analyze the impact of delays on penalty costs, highlighting that a six-day delay results in approximately $6,000 in penalties, while a two-week delay raises it to $17,000. I encourage you to explore different scenarios in your own projects to better understand the implications of scheduling changes."}