Forest point construction

Assignment Help Business Economics
Reference no: EM13851025

Forest Point Construction

At Forest Point Construction, your boss says that he can estimate the total project time based on his personal experience. You are trying to convince him that he should use project management techniques to handle a complex project.

To prove your point, you decide to use a simple example of a commercial steel building construction project, with eight steps. You create a hypothetical work breakdown structure, as follows:

Prepare the site (3 days), and then set the building footers (3 days).

Finish the foundation (5 days), and then assemble the building (3 days).

When the building is assembled, start two tasks at once: finish the interior work (5 days) and set up an appointment for the final building inspection (15 days).

When the interior work is done, start two more tasks at once: landscaping (7 days) and driveway paving (3 days).

When the landscaping and driveway are done, do the painting (2 days).

Finally, when the painting is done and the final inspection has occurred, arrange the sale (2 days).

Now you ask your boss to review the tasks, estimate the total time, and write the answer on a piece of paper. You look at the paper and see that his guess is wrong.

Tasks

1. What is the correct total time?

2. What is the critical path?

3. Create a Gantt chart that shows the WBS.

4. Create a PERT/CPM chart.

Reference no: EM13851025

Questions Cloud

Design of the Constitution is separation of powers : A major principle guiding the design of the Constitution is separation of powers. Which of the following is part of the separation of powers principle?
Write a paper on domestic violence : Write a paper on Domestic violence
Articles of confederation and the new constitution : Which of the following is one of the differences between the Articles of Confederation and the new Constitution created during the Constitutional Convention in 1787?
Electoral system and federalism affect the shape of parties : Is there evidence that a party realignment is occurring in the United States? What is the organizational structure of political parties? What are some of the functions of parties in the electoral arena? How do both the electoral system and federalism..
Forest point construction : At Forest Point Construction, your boss says that he can estimate the total project time based on his personal experience. You are trying to convince him that he should use project management techniques to handle a complex project. What is the correc..
Deferred annuity where monthly withdrawals begin : What lump sum of money (P) must be deposited into a bank account at the present time so that $500/month (A) can be withdrawn for five years (N), with the first withdrawal scheduled 6 years from today at a nominal interest rate (r) of 9% per year? [Hi..
Find limit output for fixed costs-stackelberg equilibrium : Suppose that inverse demand is given by D(Q) = 56 − 2Q, Q = q1 + q2 and the cost function is TC(qi ) = 20qi + f Find the Stackelberg equilibrium and compare it to the Cournot equilibrium. 6. What is the SPNE for the entry game with the following timi..
Quantitative analysis and decision-making : Quantitative Analysis and Decision-Making
How much profit does the firm collect with the prices set : Suppose there are two types of customers for a cell phone service: undergraduates (U) and grad Students (G). The aggregate (inverse) demand curve for undergraduates is PU = 100 − 0.25QU and the aggregate (inverse) demand curve for the graduate studen..

Reviews

Write a Review

Business Economics Questions & Answers

  Q1 why the short-run demand for gasoline is less elastic

q1. why the short-run demand for gasoline is less elastic than the long-run demand when the price of gasoline rises

  Evaluate the institutionalist economists

Evaluate the institutionalist economists. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.

  Illustrate what is the cost of an extra minute on the phone

Your demand for minutes of calling is given by the equation: Q_d = 150-50*P, where P is the price of a minute. illustrate what is the cost of an extra minute on the phone.

  What is the economic rationale behind airline mergers

What is the economic rationale behind Airline mergers? Bring both supply side (costs) and demand side (revenue) considerations into your answer. Simple diagrams would be beneficial.

  Determine effective annual rate of return for account

An engineer deposits $900 each month into a retirement account. After 30 years, the balance in the account is $1.7 million. Determine the effective annual rate of return for this account.

  Nine slugs per hour

The law in Ruba says no worker shall be paid less than nine slugs per hour.

  Considering a project with an initial cash outlay

You are considering a project with an initial cash outlay of $72,000 and expected cash flows of $22,320 at the end of each year for six year . The discount rate is 10.3 percent. The payback period of the project is ___ years

  Q client 2 is in the express small package industry limit

q. client 2 is in the express small package industry. limit your recommendation and supporting analysis to 250 words

  What is its economic interpretation

Consider an economy where there are N consumers, each of them having one unit of available time.

  Gross domestic product to measure economic activity

Economists use Gross Domestic Product (GDP) to measure the economic activity and the national income. What are the major components of the USA GDP? Explain the contribution of each component to the GDP with data. What is the difference between real G..

  Illustrate what does your organization or an organization

Illustrate what does your organization or an organization with which you are familiar consider opportunity costs when evaluating strategic opportunities.

  Find out the equilibrium level of gdp

Find out the equilibrium level of GDP. Next find the multiplier for government purchases and fixed taxes. If full employment comes at y+1800, what are some policies that would move GDP to that level.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd