Firms Business Operational Goals & Project Management Techniques Paper
Firms Business Operational Goals & Project Management Techniques Paper
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:
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 |
- 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.
