The topic as below:
Consider a recent project that you have worked on. This could be for a company or organization with which you are familiar, or even a personal project such as purchasing a home or planning a party.
After your opening paragraph, which includes your thesis statement, identify your selected company or organization in no more than three paragraphs. Then, complete the following:
*Note: for the charts/diagrams, use MS Word, Excel, Google Docs or Google Sheets. You may also use any other suitable project-based software. A free Project management software called Libre is also available for download here https://sourceforge.net/projects/projectlibre/
- Create either a Work Breakdown Structure (WBS) of the project or Gantt Chart for planning and scheduling the project. Discuss why you used the type of chart you did.
- Determine and document both probabilistic (t0, tp, and tm) and deterministic time estimates. Discuss how you arrived at these time estimates.
- Using MS Word, Google Docs, or similar software, create a PERT network diagram with the Critical Path (CP) identified.
- Calculate the slack time for each activity. Discuss the ramifications of slack in the CP for the activities and the project as a whole.
- Develop the network diagram from the probability estimates. Discuss which path you would take and why.
- For each activity, determine hypothetical costs in a table. Include budgeted costs, percent complete, actual/projected cost, and over/under budget (and total). Discuss the rationale for how you derived these costs.
- Crash an activity on the Critical Path. Discuss the ramifications of crashing the activity you crashed.
-Write an essay that includes an introduction paragraph, the essay’s body, and a conclusion paragraph to address the assignment’s guide questions. Do not address the questions using a question-and-answer format.
– Charts/diagrams should be labeled and can be added within the body of your paper.
-APA style should be used
-Font will be: Times roman 12, and double space should be between lines
-At least 3-4 scholarly, peer-reviewed journal articles will be used as references (including the below two).
- Alvarenga, J. C., Branco, R. R., do Valle, A. B., Soares, P., Alberto, C., & da Silveira e Silva, W. (2018). A revaluation of the criticality of the project manager to the project’s success. Business Management Dynamics, 8(2), 1-18.
- Hernández-Bastida, A., & Fernández-Sánchez, M. P. (2019). How adding new information modifies the estimation of the mean and the variance in PERT: a maximum entropy distribution approach. Annals of Operations Research, 274(1/2), 291–308. https://doi.org/10.1007/s10479-018-2857-4
- Calp, M., & Akcayol, M. (2019). Optimization of project scheduling activities in dynamic CPM and PERT networks using genetic algorithms. Journal of Natural and Applied Sciences. 22(2), 615-627.