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Three Project Management Problems....




1. Embassy Club Condominium, located on the west coast of Florida, is undertaking a summer renovation of its main building. The project is scheduled to begin May 1, and a September 1 (17-week) completion;date is desired. The condominium manager identified the following renovation activities and their estimated times;Immediate;Activity Predecessor Time;A --- 3;B --- 1;C --- 2;D A, B, C 4;E C, D 5;F A 3;G D, F 6;H E 4;a. Draw a project network.;b. What are the critical activities?;c. What activity has the most slack time?;d. Will the project be completed by September 1?;2. At a local university, the Student Commission on Programming and Entertainment (SCOPE) is preparing;to host its first rock concert of the school year. To successfully produce this rock concert, SCOPE has listed;the requisite activities and related information in the following table (duration estimates measured in days).;Immediate Most;Activity Predecessor(s) Optimistic Probable Pessimistic;A: Negotiate contract --- 8 10 15;with selected;musicians;B: Reserve site --- 7 8 9;C: Manage travel A 5 6 10;logistics for musicalgroup;D: Screen & hire B 3 3 3;security personnel;E: Arrange advertising B, C 1 5 9;ticketing;F: Hire parking staff D 4 7 10;G: Arrange concession E 3 8 10;Sales;a. Draw the project network.;b. Compute the expected duration and variance of each activity.;c. Determine the critical path in the project network.;d. What is the expected duration and variance of the critical path?;e. What is the likelihood that the project will be completed within 30 days?;f. If activity B is delayed by six days beyond its early start time, how does this affect the expected project duration?;3. Doug Casey is in charge of planning and coordinating next spring?s sale management training program for his company. Doug listed the following activity information for this project;Time (weeks);Immediate;Activity Description Predecessor Optimistic Most Probable Pessimistic;A Plan topic --- 1.5 2.0 2.5;B Obtain speakers A 2.0 2.5 6.0;C List meeting --- 1.0 2.0 3.0;locations;D Select locations C 1.5 2.0 2.5;E Finalize speaker B, D 0.5 1.0 1.5;travel plans;F Make final check E 1.0 2.0 3.0;with speakers;G Prepare and mail B, D 3.0 3.5 7.0;Brochure;H Take reservations G 3.0 4.0 5.0;I Handle last minute F, H 1.5 2.0 2.5;details;a. Draw a project network.;b. Prepare an activity schedule.;c. What are the critical activities and what is the expected project completion time?;d. If Doug wants a 0.99 probability of completing the project on time, how far ahead of the scheduled meeting date should he begin working on the project?


Paper#19666 | Written in 18-Jul-2015

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