Project Closing | Business Management Help
Mike
was hired as a project manager to install hardwood floors for the company
Awesome Floor and Tile. They will be installing new flooring into a local
office building. Mike comes up with the list of work and estimates the time. A
list of activities and their optimistic completion time, the most likely
completion time, and the pessimistic completion time (all in days) are
estimated in a given table. Following are the activities that are required to
install the hardwood floor in the offices:
- Activity 1: Measure office room dimensions
- Activity 2: Estimate cost
- Activity 3: Material requisition
- Activity 4: Workforce requisition
- Activity 5: Special tool requisition
- Activity 6: Installation
- Activity 7: Inspection and customer acceptance
Activity 2 starts immediately
after Activity 1.
Activity 3, Activity 4, and Activity 5 start concurrently after Activity 2.
Activity 6 does not start until after Activity 3, Activity 4, and Activity 5
are completed.
The carpet installation project is complete after
Activity 7 is completed.
Your assignment is to write a report that addresses the following:
If OT = Optimistic Time, MT = Most Likely Time, and PT = Pessimistic Time,
use a Program Evaluation Review Estimate (PERT) to compute the statistical time
for each activity, as in the following table:
Activities |
OT |
MT |
PT |
Activity 1 |
2 |
3 |
4 |
Activity 2 |
3 |
6 |
9 |
Activity 3 |
4 |
8 |
12 |
Activity 4 |
6 |
8 |
10 |
Activity 5 |
8 |
10 |
12 |
Activity 6 |
10 |
14 |
18 |
Activity 7 |
4 |
6 |
8 |
You
must also do the following:
- Determine
and explain the expected completion time and the variance for each
activity.
- Determine
and explain the total project completion time and the critical path for
the project.
- Determine
and explain Early Start (ES), Early Finish (EF), Late Start (LS), and
slack for each activity.
- What
is the probability that this project will be finished in 40 days or less?
Explain.
- Define
how to gather the project requirements.
- Analyze whether
there are any potential changes that could impact overall project schedule
and project finishing time.
- Explain
the best methods for managing the change requests and what kind of
process this project should involve.
- Analyze
implications of changes in project scheduling.
- Explain
the best methods for managing the change requests and what kind
of process this project should involve.
- Evaluate
applications of project management techniques in terms of the firm’s
business operational goals and requirements.
Submitting your assignment in APA format means, at a minimum,
you will need the following:
- Title page: Remember the running head. The title should be in
all capitals.
- Body: The
body of your paper begins on the page following the title page and
abstract page and must be double-spaced (be careful not to triple- or
quadruple-space between paragraphs). The type face should be 12-pt. Times
Roman or 12-pt. Courier in regular black type. Do not use color, bold
type, or italics except as required for APA-level headings and references.
The deliverable length of the body of your paper for this assignment is
2–3 pages. In-body academic citations to support your decisions and
analysis are required. A variety of academic sources is encouraged.
- Reference page: References that align with your in-body academic
sources are listed on the final page of your paper. The references must be
in APA format using appropriate spacing, hang indention, italics, and
upper- and lowercase usage as appropriate for the type of resource used.
Remember, the Reference Page is not a bibliography, but a further listing
of the abbreviated in-body citations used in the paper. Every referenced
item must have a corresponding in-body citation.
This Research Paper must be written in US english language by using APA citation style and the answers should not be less than 4 pages.