The Resource Investment Problem (RIP) is a variant of the well-known Resource Constraint Project Scheduling Problem (RCPSP) that requires finding the optimal resource allocation, given a preset completion date, with the objective of minimizing the total cost.The practical relevance of RIP is very obvious; since the decision maker (the project manager for example) wants to know what resources are required to achieve the targeted project completion date. RIP helps to decide the amount of investment in resources that yield the optimal solution, in addition to the optimal tradeoff between completion time and resource investment.In practice, most of the projects are associated with due dates beyond which a tardiness penalty may be applied. To avoid the tardiness penalty, project managers sometimes decide to add more resources, thereby increasing resource investment cost, to the project to finish earlier. The experiments revealed the usefulness of the algorithm in finding relatively robust solution for small problem sizes.