[SOLVED] Complete Project Management Task (SEYMORE)
I dont understand this Business question and need help to study.
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 firms business operational goals and requirements.
Please submit your assignment in an APA-formatted paper, using the attached template.
Submitting your assignment in APA format means, at a minimum, you will need the following:
- Title page: Remember the running head. The title should be in all capitals.
- Body: The body of your paper begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The type face should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 23 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
- Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper- and lowercase usage as appropriate for the type of resource used. Remember, the Reference Page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.
