Case #3
A&D High Tech (A): Managing Projects for Success:
A Negative View
1. What is the estimated project completion date? (Assume there are no holidays and ignore the sunk cost of the planning team’s effort)
The estimated project completion date is TUE 11/13/13 with duration of 127 days. After leveling and re-allocating work along the project line, the project got delayed for 3 days so that the completion day moved up to FRI 11/21/13 (total duration of 130 days). (MS Project 2007)
2. What is the total cost? How much of the total cost are labor costs? Capital costs?
Total Cost: $98,500 + $844,980 = $943,480
Labor Cost: $ 844,980 (given result of project)
Capital Cost:
(12 Windows 2000 workstations*$3,000) + (5 Window
…show more content…
* Project can not be delivered by scheduled date.
* Changes are required to scope, time, and cost.
Under present circumstances project would be delayed by 431 days, no way to deliver on project completion date of November 18th, 2003.
Senior managers were adamant about project scope, so changes will be unlikely here.
Approve more funds to hire more resources, unclear how many will be needed to gain this amount of time from the duration.
Allow the delivery to be delayed, this will ease the strain, (personal and mental) on resources, but will increase costs.
3. What is (are) the critical path(s) in the project? What is the level of risk in completing tasks on the critical path(s)? Explain.
Analyzing the critical path, there is a high level risk as it runs parallel to itself, more than one task at a particular time could delay project. Some other tasks run parallel to the critical path and have same duration; a delay in one of these tasks will change the critical path and delay the whole project.
Resources overuse
4. What is your opinion on the potential for the project to be completed on time?
Due to the high risk and tight schedule of the online store project, it has a high possibility to delay and go behind schedule. And we would like to suggest some opinion about the management of the project to avoid the overtime of the project and
a. When is the project estimated to be completed? How many working days will it take?
Many risks are interrelated. Analyze the following compound risk: Unstable requirements with tight budget will likely cancel the project. Discuss the dependencies that exist between the two risks.
The report is written prior to the completion of the project (assumed to be completed in the next 12 months)
An example of the critical path method would be the construction of a cement patio over a four day weekend. With the following steps: on the first day dig the foundation and build the cement forms; on the second day have the cement delivered and poured into the form and finished; on the third day have the lumber delivered and start the arbor construction; on the final day complete construction and seal the wood. In this method it can be determined that there are two paths that are critical to project completion, the cement pouring and finishing on the second day. The delivery of the lumber on the third day for arbor construction, which if either critical activity is delayed the time for completion may not be met (Galloway, 2006).
As the project is one month behind schedule, the team should be informed about the drop behind. The importance of the deadlines should be emphasized. They should re-plan how the project would be implemented from this point forward. They must set priorities and tasks how to complete it on time. They should set targets both short-term (for example, in a time frame of 2-3 weeks) and long-term (for example, in a time frame of 1-1.5 month) so it is possible for everybody to follow the progress of the project more accurately. The team should be motivated to work harder to
As we discussed in the previous traditional execution, their project is oftely delay to the market, this tools are useful for them to analyze their critical path. In jaguar project they used Primavera to identify the critical path at every point of the project. This tools useful to ensure the
As the last factor, poor third-party contractors could be the reason of the delay in the schedule. Due to low bid amount, many project faces poor selection of contractors and their staff with no technical capabilities to handle the projects which causes most likely cost overruns, poor quality and unacceptable final results, besides the schedule delays. To solve this problem, the project team should identify qualified contractors and make sure that all the staff in the site is competent and meets the requirements of the
Identify a minimum of 10 project risks and when each will occur in the project life cycle, and then determine their impact and probability of occurrence.
Critical path analysis is a method that is used to plan out the many activities involved in a project to be able to find the most efficient way of complete it and how to complete it on time.
As with any other topic in project management, there are also "non-project factors" that can contribute to the estimate's accuracy. Since this project is working with new technology, the project may experience some downtime due to machine malfunctions or server problems. A team must also factor in holiday schedules, available resources, and certain
if construction starts in March? What is the completion date of the project if construction
Initial projections show that the current schedule will take 50 weeks to finish with a final budget estimate of $3.152 million. Although the project estimate comes in under budget, the time frame for completion extends beyond the acceptable 45
The critical path method (CPM) is a step-by-step project management technique for process orchestrating that defines critical and non-critical tasks with the goal of averting time-frame quandaries and process bottlenecks. The CPM is ideally suited to projects consisting of numerous activities that interact in an involute manner. Then the connections between the tasks, kenned as dependencies, are established. By following a path among the project tasks that is the longest
The critical path for a project is a sequence of dependent tasks that have the largest sum of most likely durations. The critical path determines the earliest possible completion date of the project. The critical path tasks have no slack time available – thus, any delay in completion of any of the tasks on the critical path will cause an overall delay in the completion of the
Answer: The project has to be finished in 6 month time period well before the