video1.0<iframe src="https://www.loom.com/embed/759b95a1e92246499f9f283c4b2d0adc" frameborder="0" width="1870" height="1402" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14021870Loomhttps://www.loom.com14021870https://cdn.loom.com/sessions/thumbnails/759b95a1e92246499f9f283c4b2d0adc-d8564d8ce8424f6f.jpg348.352In 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.