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Project closing 5

17/08/2020 Client: lyjly0515 Deadline: 2 Day

 


Mike was hired as a project manager to install hardwood floors for the company Awesome Floor and Tile. They will be installing new flooring into a local office building. Mike comes up with the list of work and estimates the time. A list of activities and their optimistic completion time, the most likely completion time, and the pessimistic completion time (all in days) are estimated in a given table. Following are the activities that are required to install the hardwood floor 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.


Your assignment is to write a report that addresses the following:


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


2


3


4


Activity 2


3


6


9


Activity 3


4


8


12


Activity 4


6


8


10


Activity 5


8


10


12


Activity 6


10


14


18


Activity 7


4


6


8


You must also do the following:



  • Determine and explain the expected completion time and the variance for each activity.

  • Determine and explain the total project completion time and the critical path for the project.

  • Determine and explain Early Start (ES), Early Finish (EF), Late Start (LS), and slack for each activity.

  • What is the probability that this project will be finished in 40 days or less? Explain.

  • Define how to gather the project requirements.

  • Analyze whether there are any potential changes that could impact overall project schedule and project finishing time.

  • Explain the best methods for managing the change requests and what kind of process this project should involve.

  • Analyze implications of changes in project scheduling.

  • Explain the best methods for managing the change requests and what kind of process this project should involve.

  • Evaluate applications of project management techniques in terms of the firm’s business operational goals and requirements.


 Please submit your assignment in an APA-formatted paper, using the attached template. 

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