MGMT412 Unit 5 Assignment

  

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