Question
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:
- Draw the network for the project?
- 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?
- 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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started