Calculate the mean and variance of project completion time

Assignment Help Operation Management

Reference no: EM132154874

Form a group with 4 or 5 members.

Select a project. Use any project from your work, search newspapers or internet for examples of complex projects, or any other sources.

The class of May 8 is allocated for you to work and finalize the project report. As such, there will be no class on that day. I will be available in my office in case you need to consult me.

During the rest of the semester, especially during the project week (May 9):

Breakdown your project into at least 25 meaningful, non-trivial activities.

Establish the precedence relationships

Estimate three times for each activity; calculate mean and variance for each.

Draw an AON network for your project.

Go through forward pass and backward pass calculations, get slacks.

Identify the critical path.

Calculate the mean and variance of the project completion time.

Find the probability of completing the project in 10% less time than the mean.

Write a treatise on crashing issues like developing a cost-duration activity graph, identifying the most appropriate activities that can be crushed, role of total indirect cost etc.

Reference no: EM132154874

Questions Cloud

Social responsibility and brand strength : Starbucks’ Mission: Social Responsibility and Brand Strength. Is Starbucks unique in being able to provide a high level of benefits to its employees?

Major external forces for change in today organizations : What are the major external forces for change in today’s organizations?

Caution while formulating long term strategy : Identify which troublesome strategies to avoid or use with caution while formulating long term stratatgy

Recent months have seen significant political changes : Recent months have seen significant political changes come to the fore in the form of Brexit and the new American administration.

Calculate the mean and variance of project completion time : Calculate the mean and variance of the project completion time. Find the probability of completing the project in 10% less time than the mean.

When should company order product recall : When Should a Company Order a Product Recall? What are the social and ethical issues Winkler must consider in choosing its course of action?

Company could modify its business-level strategy : How that company could modify its business-level strategy to both increase overall level of satisfaction and to attract new customers.

Trade shows and trade missions in global marketing programs : Explain the benefits and challenges in using Trade Shows and Trade Missions in global marketing programs.

Role of customer and brand loyalty to organizational success : Discuss a front-loaded phase review plan, including phases and gates. Explain the role of customer and brand loyalty to organizational success.

User Account

All Pages