Discussion - Activity - Assignment - Problem set
ACTIVITY 1 & 2 - PROJECT MANAGEMENT PROCESSES
· Chapter 9. Project Scheduling
· Chapter 10. Resource Management
· Chapter 11. Project Budget
NOTE: Please use referred text book as reference too.
Activity I:
Product Development. Consider the simplified set of activities in the Table below for the development of a consumer product from initiation through the market test phase.
|
Activity |
Symbol |
Immediate predecessors |
Time estimate (weeks) |
|
Investigate demand |
A |
|
3 |
|
Develop pricing strategy |
B |
|
1 |
|
Design product |
C |
|
5 |
|
Conduct promotional cost analysis |
D |
A |
1 |
|
Manufacture prototype models |
E |
C |
6 |
|
Perform product cost analysis |
F |
E |
1 |
|
Perform final pricing analysis |
G |
B,D,F |
2 |
|
Conduct market test |
H |
G |
8 |
|
|
|
|
|
|
|
|
|
|
a) Draw the AOA network for this project.
b) Calculate total slacks and free slacks, and interpret their meaning. .
c) Determine the critical path and interpret its meaning.
d) Construct a Gantt chart and mark the latest start times for each activity.
Activity II:
With reference to Table 11.11 on page 532 of the course textbook:
Assuming that the cost of each activity is linearly distributed over its duration, create two budgets as follows:
e) The first budget should assume an early-start schedule
f) The second budget should assume a late-start schedule
g) Explain why the two budgets are different
Hint: Your budgets should be presented in the same formats as that of the examples on Tables 11.4 & 11.5, on pages 517 & 518 respectively.
[Do not submit your budgets as screenshots – rather submit in editable formats so your instruct can comment on the respective numbers where necessary. All verbiage should follow APA formatting guidelines.]
TEXT BOOK:
Title: Project Management
ISBN: 9780134478661
Authors: SHTUB
Publisher: Pearson
Edition: 3RD 17