In this paper, we study the problem of wireless sensor network design by deploying a minimum number of additional relay nodes (to minimize network design cost) at a subset of given potential relay locationsin order to convey the data from already existing sensor nodes (hereafter called source nodes) to a Base Station within a certain specified mean delay bound. We formulate this problem in two different ways, and show that the problem is NP-Hard. For a problem in which the number of existing sensor nodes and potential relay locations is n, we propose an O(n) approximation algorithm of polynomial time complexity. Results show that the algorithm performs efficiently (in over 90% of the tested scenarios, it gave solutions that were either optimal or exceeding optimal just by one relay) in various randomly generated network scenarios.