A&D High Tech Case

2. Assume that the project is time constrained and try to resolve any over allocation problems by leveling within slack. What happens?

2. Assume that the project is time constrained and try to resolve any overallocation problems by leveling within slack. What happens?

Under present circumstances project would be delayed by 431 days, no way to deliver on project completion date of November 18th, 2003.

592 Week 1 DQ 1 WBS Construction PROJ 592 Week 1 DQ 2 Project Cost Estimates and Assumptions PROJ 592 Week 2 DQ 1 Cost Components PROJ 592 Week 2 DQ 2 Estimating Processes PROJ 592 Week 3 DQ 1 Project Schedules PROJ 592 Week 3 DQ 2 Sensitivity Analysis PROJ 592 Week 4 DQ 1 Resource Allocation and Leveling PROJ 592 Week 4 DQ 2 Advanced Schedule Techniques PROJ 592 Week 5 DQ 1 Earned Value Calculation PROJ 592 Week 5 DQ 2 Project Monitoring and Control & EV PROJ 592 Week 6 DQ 1 Forecasting Project Completion Cost PROJ 592 Week 6 DQ 2 Project Control PROJ 592

A project has been estimated to take six weeks and cost $130,000. Cost and percent complete data are provided in the table below through 3 weeks of the project. % scheduled data can be obtained from the Gantt chart following the table.

Developing a project charter before each project is started would improve the prioritizing process at Williamson. A project charter or contract is a necessary tool that helps get the ball rolling with any project. A charter should be a short, brief synopsis of the project that gives the project manager permission to start the project, help the sponsor and project team members develop a clear understanding, holds persons involved accountable, and screening project that have potential (Kloppenborg, Nkomo, Fottler, & McAfee, 2012). A project charter can also identify the potential of a project before it begins so the team can assess whether or not the project should be attempted at this time or another. This approach could help Williamson develop a more systematic strategy to prioritizing projects. Research has shown that only 12.5 percent of companies look at their projects to see if they align with their business and that project failure is mostly due to businesses not having a

Due to changes in project scheduling implications like loss of productivity or the efficiency, higher peak quantities of equipment or labor, may arise. The other implications could be longer working weeks or extended hours of work force or work at crowded site conditions (Kerzner, 2013).

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

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

Manuscript ID: CO/2003/022870 Specialty Area: Cost & Schedule Audience: Researchers PROBABILITY OF PROJECT COMPLETION USING STOCHASTIC PROJECT SCHEDULING SIMULATION (SPSS) Dong-Eun Lee1 ABSTRACT This paper introduces a software, Stochastic Project Scheduling Simulation (SPSS), developed to measure the probability to complete a project in a certain time specified by the user. To deliver a project by a completion date committed to in a contract, a number of activities need to be carried out. The time that an entire project takes to complete and the activities that determine total project duration are always questionable because of the randomness and stochastic nature of the activities’ durations. Predicting a project completion probability

Then the time needed to get the resources and machinery to complete each process is estimated. The latter 3 steps have to be considered just before the commencing of the project where the work period depending on the resources is formed and later it is closely monitored with changes being made to improve the efficiency of the project.

The project duration will be 257 calendar days with 249 days genuine project work excluding

The project duration will be 257 calendar days with 249 days genuine project work excluding

Proper following and acknowledgement of the timeline is vital to the success of this project. If the project goes overtime, it can cause serious budget mess-ups and furthermore delays.

• What is the relative size of the project, in terms of its anticipated budget or capital expenditure?