Solution-Determine the expected completion time

Determine the expected completion time

Assignment Help Project Management

Reference no: EM131182881

Assignment:

McGee Carpet and Trim installs carpets in commercial offices. Andrea McGee has been very concerned with the amount of time it took to complete several recent jobs. Some of her workers are very unreliable. A list of activities and their optimistic completion time, the most likely completion time, and the pessimistic completion time (all in days) for a new contract are provided in a given table. Following are the activities that are required to install the carpets 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. 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	4	6	14
Activity 2	5	12	16
Activity 3	7	15	23
Activity 4	13	16	28
Activity 5	17	20	35
Activity 6	20	32	50
Activity 7	5	6	13

You must also do the following:

Determine the expected completion time and the variance for each activity
Determine the total project completion time and the critical path for the project
Determine Early Start (ES), Early Finish (EF), Late Start (LS), and slack for each activity
What is the probability that McGee Carpet and Trim will finish the project in 40 days or less?
Defineproject managementand the necessary requirements.
Analyze implications of changes in project scheduling.
Evaluate application of project management techniques in terms of the firm's business operational goals and requirements.

Reference no: EM131182881

Questions Cloud

Examine the importance of pmbok : 1. Critically examine the importance of PMBOK /PMI-5 standards for Project Management Growth in Enterprise and examine the relative importance of other standards such as "PRINCE2"

What rate is the money in this account growing : The future value that accrues when $500 is invested at 5%, compounded continuously, is S(t) = 500e^0.05t where t is the number of years. (Round your answers to the nearest cent.) At what rate is the money in this account growing when t = 4? $ per yea..

Fictional project described in the course introduction : Develop a project charter for the fictional project described in the Course Introduction. All of your deliverables will leverage that same project as we move forward in the course.

Explain how and why communication can be affected : Explain HOW and WHY communication can be affected by the following:- Culture - Relationships - The use of technology (virtual communication) - Perception.

Determine the expected completion time : Determine the expected completion time and the variance for each activity. Determine the total project completion time and the critical path for the project. Determine Early Start (ES), Early Finish (EF), Late Start (LS), and slack for each activity

Consultant to handle project valuation : Dave Inc. recently hired you as a consultant to handle project valuation. You have obtained the following information. The firm has 2 million shares of common stock outstanding. The common stock just paid a dividend of $1. It is expected to grow by 3..

Should employers be allowed to assess current employees : Describe at least three different examples of how a current employee's social media use could jeopardize their job and professionalism in the workplace.

What is human resource management : Prepare a 700- to 1,050-word paper using the Week One readings, articles, and your personal experiences to address the following questions: What is human resource management? What is the primary function of human resource management

Describe ascribed status and how that status affect achieved : describe the ascribed status and how that status might affect achieved status. What are the possible achieved statuses of each?

User Account

All Pages

Determine the expected completion time

Reference no: EM131182881

Reference no: EM131182881

Questions Cloud

Reviews

Write a Review

Project Management Questions & Answers

Create a project schedule and align resources

Managerial roles and gap analysis

Questionaire on project management

Describe the market growth rate for product

Prepare a work plan and project schedule - gantt chart

Project risk management approach

Black-scholes options pricing model

Describe the features or characteristics of product

Write paper on inventory management system

Analysis of the overall project risk

Investment and performance analysis

Distribution strategy and project management

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT