Final Project Closeout Report based on templates from the Schwalbe's textbook.Use as project information the data from your previous Assignments #4, #5, and #6, and create professional lookingFinal ProjectCloseout Report for concluding the project. Assumethe project is finished on time (for 6 months) and on budget((total project cost $ 120 K) as it was initially planned. This task should be integrated in one MS Word file and should include: 2.1Final report with executive summary, review analysis, and recommendations 2.2 Project Deliverable 2.3 Client acceptance form 2.4 Lessons learned report.

3)

b)

Path 1: A-E-J Length= 10+8+12=30 days

Path 2: B-F-G-J Length= 12+6+4+12=34 days

Path 3: B-F-H-K-L. Length= 12+6+8+8+10= 44 days

Path 4: B-F-G-I-K-L. Length= 12+6+4+6+8+10=46 days

Path 5: C-H-K-L Length= 8+8+8+10= 34 days

Path 6: C-G-J Length= 8+4+12= 24 days

Path 7: C-G-I-K-L Length= 8+ 4+6+8+10=36 days

Path8: A-D-F-H-K-L Length=10+4+6+8+8+10=46 days

Path 9: A-D-F-G-J Length= 10+4+6+4+12=36 days

Path 10: A-D-F-G-I-K-L Length= 10+4+6+4+6+8+10= 48 days long

c) Critical pathway is Path 10 (A-D-F-G-I-K-L) and it is 48 days long.

d) Shortest time to complete this project is 24 days.

5)

Network diagrams are essential tools in project management, offering visual representations of processes with a focus on depicting the flow of activities from initiation to completion. Understanding these paths and their durations is crucial for optimizing processes, identifying bottlenecks, and improving overall efficiency.

Network diagrams visually represent interconnected nodes, where nodes symbolize tasks, events, or milestones, and edges represent dependencies. This structured visualization aids stakeholders in comprehending the sequence of activities and dependencies within a project or system.

Paths in network diagrams represent routes from the start node to the end node, outlining the flow of work or information. Tracing these paths helps to understand the sequence of activities required to achieve specific outcomes. The critical path, the longest path through the network diagram, indicates the minimum duration needed to complete the project. Activities on the critical path have zero slack or float, directly impacting the overall project duration.

Critical paths are vital for project management, allowing prioritization of resources, effective management of dependencies, and mitigation of schedule risks for timely project completion.

Subcritical paths, while not part of the critical path, contribute to the project's overall duration and offer some scheduling flexibility. Parallel paths consist of activities performed simultaneously without dependencies, influencing resource allocation and project scheduling.

Calculating path lengths involves summing the durations or costs associated with each activity along the path, providing insights into the total time or resources required. Path analysis techniques, including the forward pass, backward pass, and slack analysis, aid in determining project timelines and critical paths.

In this exercise Path 10 (A-D-F-G-I-K-L) in this project, identified as the critical path with a duration of 48 days. Additionally, the shortest time to complete the project is 24 days, emphasizing the critical path's role in determining the minimum project duration.

Optimizing path lengths involves strategic resource allocation, task sequencing, and proactive risk management. Efficient resource allocation based on critical path activities and availability streamlines workflows and expedites project completion. Task sequencing, by reordering activities to minimize path lengths, reduces project duration by identifying opportunities for parallelization or resequencing activities. Proactive risk management helps identify and address potential risks early in the project lifecycle, minimizing disruptions and maintaining schedule adherence.

Network diagrams and path analysis techniques find applications across various industries, such as construction, manufacturing, software development, and event planning. Leveraging these tools enhances project management capabilities, streamlines processes, improves productivity, and ensures timely project completion.