Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. A project is in its 26 th week has an actual cost of $270000. It was scheduled to have spent $261000. For the work

1. A project is in its 26th week has an actual cost of $270000. It was scheduled to have spent $261000. For the work performed to date, the budgeted value is $272000. What are the SPI, CPI and cost schedule index on the graph? Explain how a project manager should interpret these results. 2.Project manager of a multinational company states that "The concept of Critical chain project management must be adopted to succeed in the modern day competitive world". In your opinion is the project manager's opinion correct? Justify your answer 3.Refer to the following "Narendra Modi Stadium case" and answer the questions:

The Construction Company is preparing a bid to build the new 150,000 seated cricket stadium. The construction must start on June 1, 2022 and be completed in time for the start of the 2023 season. A penalty clause of $150,000 per day of delay beyond April 1, 2024 is written into the contract.

Mohan, the CMD of the company expressed optimism at obtaining the contract and revealed that the company could net as much as $2 million on the project. He also said the prospects for future projects are quite good since there is projected renaissance in building ball parks with modern luxury boxes. Details of workbreak down as well as predecessor and work estimates (assuming one person per activity) are provided below. Answer the following questions:

  1. Draw the network for the project?
  2. What is the critical path for the project (use forward and backward pass method no hit and trial)? Will the project be able to complete by the April 1st deadline?
  3. Construct Gantt chart and based on insights obtained would you recommend the construction company to pursue this contract? Justify your response.
ID ACTIVITY DURATION (days) PREDECESSORS
1 Cricket Stadium - -
2 Clear stadium site 60 -
3 Demolish building 30 2
4 Setup construction site 70 3
5 Drive support piles 120 2
6 Pouring lower concrete bowl 120 5
7 Pour main concourse 120 3, 6
8 Install playing field 90 3, 6
9 Construct upper steel bowl 120 3,6
10 Install seats 120 7,9
11 Build luxury boxes 90 7,9
12 Install Scoreboard 30 7,9
13 Stadium infrastructure 120 7,9
14 Construct steel canopy 60 10
15 Light installation 30 14
16 Build roof supports 90 6
17 Construct roof 180 16
18 Install roof tracks 90 16
19 Install roof 90 17, 18
20 Inspection 15 8,11,13,15,19

4. Refer to the following 3 video link on Delhi Metro (45 min approx.) and analyze various factors leading to success of Delhi Metro Project? Justify each of your observation and how it influences the project. You are free to use appropriate frameworks (if need be)

https://www.youtube.com/watch?v=0WMrFtFjKl0 https://www.youtube.com/watch?v=di-DhfSwPS8

https://www.youtube.com/watch?v=W9Cslw2HPk0 Please use the above link to go and watch the video in you tube before answering it

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Using Practice And Theory To Develop Skill

Authors: David Boddy

8th Edition

1292271817, 978-1292271811

More Books

Students also viewed these General Management questions

Question

Make efficient use of your practice time?

Answered: 1 week ago