Reference no: EM1343336
Project Timelines, Critical Path, and PERT
You are the general manager of a large construction project. The contract has both financial incentives for finishing on time or early as well as large penalties if the project is completed late. To get the project done on time or early that project planning using a formal timeline is essential. You ask the project manager to address the following questions:
1. In terms of creating a timeline, what is meant by the critical path of a PERT chart?
2. As a project manager you know that the fastest possible time a project can be completed is known as the critical path. This implies that any delay in any step of a projects critical path, will therefore delay the overall project. On a particular project, step B is part of the critical path; step C and D both are not. Assume that all of these steps, B, C, and D are at risk of being delayed due to some issue (could be lack of people, lack of materials, equipment downtime - it makes no difference).
How would the manager go about prioritizing correction of the problem existing in B, C, or D?
Should the manager address the issue in step B first, step C first, or step D first; why?
3. Once repair is completed in step #2, how would go you about prioritizing repairs at the other two steps?
What are possible steps included in project closure
: What are possible steps included in project closure and have you been a part of a project that did not end successfully
|
Reduce project scope to accelerate a project
: What are the advantages and Disadvantages of reducing project scope to accelerate a project
|
Project analysis and evaluation
: the projects cash flow estimates are real or nominal and is the 14.5% cost of capital a real or nominal rate? Is the current NPV biased, and if so, in which direction?
|
Institutional theories- functional and product matrix
: Summarize the theorists arguments concerning the practical institutional theories of functional and matrix forms of organization
|
Critical path of a pert chart
: Project Timelines - Critical Path and PERT - In terms of creating a timeline, what is understand by the critical path of a PERT chart
|
Project management - value of linear reponsibility matrix
: Project management: Value of linear reponsibility matrix - use the RAM meaning the responsibility assignment matrix
|
Construct a network diagram and find the critical path
: Evaluate the scheduled completion time and identify the critical path and what is the slack time (float) for activities A, D, E, and G
|
Describe the role of project manager
: Describe the role of a project manager as an interface between business and technology professionals in an organization.
|
Prepare a comprehensive project scope analysis
: The conceptual development process, scope statement and statement of work that will clearly detail the projects expectation , problems , goals, objective, and aids in the projects communications with stake holders
|