To develop a schedule for a project, we use the concept of a project network diagram, which shows work activities taken from the work breakdown structure and organized according to the logical flow in time and relationships governing when the work will be performed. Address the following questions.
How is that useful? How does it help to organize the tasks in the project? How will it help in formulating the budget?
The project schedule helps the project manager to identify the precedence relationships between different tasks, thus the minimum duration of the project. The project network diagram helps the manager to allocate reources to different tasks and schedule the activities in such a way so as to make the optimum use of available resources. It also helps to identify the critical and non critical activities which can be addressed according to their position in the project. The project network diagram also helps the manager to determine the most optimum combination of cost and duration, by balancing one tradeoff against the other, thereby minimise the costs. Once the resource allocation and the cost estimate is done, it is easy to formulate the budget, taking into account the cost incurred in all activities and uncertainties if any.
To develop a schedule for a project, we use the concept of a project network diagram,...
(a) Develop a network diagram for the project. What is the critical path and how long is the project expected to take? (6 m) (b) Which activities have a slack time of 8 weeks or more? (2 m) (c) Discuss five challenges a project manager faces in events such as this one. (12 m) (d) Why is a work breakdown structure useful in a project such as this? Take the 26 activities and break them into what you think should be level-2, level-3,...
How does network development relate to the work breakdown schedule (WBS)? Discuss how the WBS is related to project network development. How can the project manager reduce problems when integrating the work package and the network? Describe how the project manager can eliminate problems during the integration.
2. A student has developed a project and is interested in accelerating the schedule. Below network diagram (Activity on Arrow) and table show all information needed. Partial crashing is available. Show your work for crashing. Accelerated Duration Cost Present Duration Cost $100 4 $50 5 $250 2 $200 3 a h 3 $100 $350 C d 3 $100 cannot accelerate 6 $100 $150 e f 7 $300 5 $600 a) Without any crashing (acceleration), how long is the project expected...
Question 2 XYZ Industrial Machines has initiated a large client project to design, manufacture and instal a spoke plastics forming machine at a local manufacturing site. At this pre-project phase, it has sembled a project planning team and is undertaking discussions with the client to produce a mgheve pct plan. A range of key tasks have been identified and a logical network diagram for high-level the project has been developed. Project task information is provided in the following table (Table...
Question 2 XYZ Industrial Machines has initiated a large client project to design, manufacture and instal a spoke plastics forming machine at a local manufacturing site. At this pre-project phase, it has sembled a project planning team and is undertaking discussions with the client to produce a mgheve pct plan. A range of key tasks have been identified and a logical network diagram for high-level the project has been developed. Project task information is provided in the following table (Table...
A) We require you to describe how you would use project management tools to develop and implement a project plan. Discuss at least 3 tools from below: project management software Gantt and bar charts critical path method (CPM) Program Evaluation Review Technique charts (PERT) cost schedule control system life cycle cost analysis logistics support analysis spreadsheets technical resources B) Whilst completing your project plan, ensure you include the following: deliverables work breakdown budget and allocation of resources timelines risk management...
B. Resource Loading (33 pts). The network diagram below represents a project plan. a. b. C. Compute the early, late, and slack times. Include your diagram in your paper What is the project duration? What is the critical path -illustrate it on your diagram (such as a dotted line). Ch 8 Assignment Resources: P(ainter); T(rimmer) 0 A START P & T ES ID EF SL Resour LS Dur LF 2 As your text stated, a plan isn't a schedule until...
This project aims to develop an online bookstore system that acts as a central database containing various books in stock along with their title, author’s name, published date, and cost. This project, basically a website, will get a large amount of online visitors. The system should be hosted on a cloud platform in order to avoid site crash. The project can be developed using Java (front end support) and SQL (back end support). The online bookstore stores various book related...
2. A) We require you to describe how you would use project management tools to develop and implement a project plan. Discuss at least 3 tools from below: Activity (What is to be done?) Objective (Why will we do it?) Resources (Where will it be done?) Procedures (How will it be done?) Responsible person (Who will do it?) When? Budget Acquire additional resources – delivery van. To provide a delivery service and provide brand recognition Purchase a new van for...
Hello, I need help in the following exercises from book: Project Management: Achieving competitive advantage (4th ed.).Jeffery Pinto Exercise 9.1 Consider the following information that you have compiled re- garding the steps needed to complete a project. You have identi- fied all relevant steps and have made some determinations re- garding predecessor/successor relationships. Using MS Project, develop a simple network diagram for this project, showing the links among the project activities. Activity Predecessors A – Survey site — B –...