The FWO has just made the winning bid of 54 million Rs. to construct a new Building. Company has assigned you to this project to help ensure that it stays on schedule. The contract includes the following provisions: A penalty of 300,0000 Rs. if Project has not completed construction by the deadline 47 weeks. To provide additional incentive for speedy construction, a bonus of 150,0000 Rs. will be paid to if the building is completed within 40 weeks. Activity Activity Description Immediate Predecessors Estimated Duration (Weeks) Crew size Norm. Min. A Excavate - 2 5 2 B Lay the foundation A 4 3 2 C Put up the rough wall B 10 6 3 D Put up the roof C 6 6 3 E Exterior plumbing C 4 3 2 F Interior plumbing E 5 3 2 G Exterior siding D 7 5 3 H Exterior painting E, G 9 3 2 I Electrical work C 7 3 1 J Put up the wallboard F, I 8 4 2 K Install the flooring J 4 4 2 L Interior painting J 5 4 2 M Exterior fixtures H 2 2 1 N Interior fixtures K, L 6 3 1 Develop a comprehensive plan based on AOA or AON diagram that includes answers to the following questions. Total time required to complete the project if no delays occur? When do the individual activities need to start and finish (at the latest) to meet this project completion time? When can the individual activities start and finish (at the earliest) if no delays occur? Highlight the critical bottleneck activities where any delays must be avoided to prevent delaying project completion? For the other activities, how much delay can be tolerated without delaying project completion? Plan the daily work force for the project for a maximum crew size of 15 workers per day. Also draw the histogram.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
The FWO has just made the winning bid of 54 million Rs. to construct a new Building. Company has assigned you to this project to help ensure that it stays on
- A penalty of 300,0000 Rs. if Project has not completed construction by the deadline 47 weeks.
- To provide additional incentive for speedy construction, a bonus of 150,0000 Rs. will be paid to if the building is completed within 40 weeks.
|
Activity |
Activity Description |
Immediate Predecessors |
Estimated Duration (Weeks) |
Crew size |
|
|
Norm. |
Min. |
||||
|
A |
Excavate |
- |
2 |
5 |
2 |
|
B |
Lay the foundation |
A |
4 |
3 |
2 |
|
C |
Put up the rough wall |
B |
10 |
6 |
3 |
|
D |
Put up the roof |
C |
6 |
6 |
3 |
|
E |
Exterior plumbing |
C |
4 |
3 |
2 |
|
F |
Interior plumbing |
E |
5 |
3 |
2 |
|
G |
Exterior siding |
D |
7 |
5 |
3 |
|
H |
Exterior painting |
E, G |
9 |
3 |
2 |
|
I |
Electrical work |
C |
7 |
3 |
1 |
|
J |
Put up the wallboard |
F, I |
8 |
4 |
2 |
|
K |
Install the flooring |
J |
4 |
4 |
2 |
|
L |
Interior painting |
J |
5 |
4 |
2 |
|
M |
Exterior fixtures |
H |
2 |
2 |
1 |
|
N |
Interior fixtures |
K, L |
6 |
3 |
1 |
Develop a comprehensive plan based on AOA or AON diagram that includes answers to the following questions.
- Total time required to complete the project if no delays occur?
- When do the individual activities need to start and finish (at the latest) to meet this project completion time?
- When can the individual activities start and finish (at the earliest) if no delays occur?
- Highlight the critical bottleneck activities where any delays must be avoided to prevent delaying project completion?
- For the other activities, how much delay can be tolerated without delaying project completion?
- Plan the daily work force for the project for a maximum crew size of 15 workers per day. Also draw the histogram.
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