Hey! I am trying to understand what my teacher's instructions are. He gave us the solutions to the case study but I had difficulty developing a report. Please help me!!
Description:
Below is the link for your first case study on Project Management. Please read carefully the details and instructions in this case and answer the questions as appropriate. Please be reminded that in developing the network, you need to show the forward and backward passes. The crash costs have been pre-computed however, you still need to compute the expected time and the variances of the different activities. Documents must be in Times New Roman, 12 font format, with 1" margins. Please demonstrate the ability to write professionally, with command of grammar, spelling, capitalization and punctuation.
Questions we must answer and explain:
1. Develop a network for Miller construction and determine the critical path.
2. How long is the project expected to take?
3. What is the Critical Path?
4. Which activities have slacks and how much?
5. What is the probability that the project can be completed in 270 days.
If it is necessary to crash to 250 or 240 days, how would Miller do so, and at what cost. Assume that the optimistic time estimates can be used a crash times.
SOLUTION TO CASE STUDY ONE Answer he provided 1. Develop Network 4. Activities with slacks B=29.90E=29.90F=29.90J=19.90K=19.90 5. What is the probability that the project can be completed in: 270 days criticalpath=ACCDGILvariance=11.11+69.39+136.1+2.78+11.11+44.44+44.44=319.37standarddeviation=17.87P[Z17.87270260]=P[Z0.559or0.56] To crash to 250 days Crash cost of A at $1,500/ day 10 days =$15,000. To crash to 240 days from 250 days), Crash cost of D at $1,900/ day 10 days =$19,000 Total cost to crash to 240 days =$34,000 Probabilities for 250 and 240 days P[Z17.87250260]=P[Z0.559or0.56]perChart/NORMSDIST=.2877or28.77%P[Z17.87240260]=P[Z1.12]perChart/NORMSDIST=.1314or13.14% Project Management Far Eastern University (FEU), a large college in a small city in Texas, enrolls close to 20,000 students. In a typical town-gown relationship, the school is a dominant force in this small city, with more students during Fall and Spring than permanent residents. A longtime football powerhouse, FEU is usually in the top 20 college football rankings. To bolster its chances of reaching the elusive and long desire number one ranking, in 2010, FEU hired the legendary Robert Peters as its head coach. One of Peters's demands on joining FEU had been a new stadium. With attendance increasing, FEU administrators began to face the issue head on. After six months of study, much political arm wrestling, and some serious financial analysis, Dr. John Cruz, president of Far Eastern University (FEU), had reached a decision. To the delight of its students, and to the disappointment of its athletic boosters, FEU would not be relocating to a new football site but would expand the capacity at its on-campus stadium. Adding 21,000 seats, including dozens of luxury skyboxes, would not please everyone. The influential football coach, Robert Peters, had long argued the need for a first-class stadium, one with built-in dormitory rooms for his players and a palatial office appropriate for the coach of a future NCAA champion team. But the decision was made, and everyone, including the coach, would learn to live with it. The job now was to get construction going immediately after the current season ended. This would allow exactly 270 days until the upcoming season opening game. The contractor, Miller Construction (Bob Miller being an alumnus, of course), signed the contract. Bob Miller looked at the tasks his engineers had outlined and looked President Cruz in the eye. "I guarantee the team will be able to take the field on schedule next year," he said with a sense of confidence. "I sure hope so," replied Cruz." The contract penalty of $10,000 per day for running late is nothing compared to what Coach Peters will do to you if our opening game with Western State is delayed or cancelled." Miller, sweating slightly, did not respond. In football-crazy Texas, Miller Construction would be mud if the 270-day target were missed. Back in his office, Miller again reviewed the data. (See Table below and note that optimistic time estimates can be used as crash times.) He then gathered his foremen. "People, if we're not 75% sure we'll finish this stadium in less than 270 days, I want this project crashed! Give me the cost figures for a target date of 250 days-also for 240 days. I want to be early, not just on time!" FAREASTERN UNIVERSITY PROIECT Answer he provided \begin{tabular}{|c|} \hline Answerheprovided \\ \hline \end{tabular} \begin{tabular}{|l|l|c|c|c|c|c|c|c|} \hline & & \multicolumn{2}{|c|}{ TIME ESTIMATES (in days) } & & & & & \\ \hline \end{tabular} Ravenlan MIntumele reach n ta A E Develop Network - Crash A to 20 SOLUTION TO CASE STUDY ONE Answer he provided 1. Develop Network 4. Activities with slacks B=29.90E=29.90F=29.90J=19.90K=19.90 5. What is the probability that the project can be completed in: 270 days criticalpath=ACCDGILvariance=11.11+69.39+136.1+2.78+11.11+44.44+44.44=319.37standarddeviation=17.87P[Z17.87270260]=P[Z0.559or0.56] To crash to 250 days Crash cost of A at $1,500/ day 10 days =$15,000. To crash to 240 days from 250 days), Crash cost of D at $1,900/ day 10 days =$19,000 Total cost to crash to 240 days =$34,000 Probabilities for 250 and 240 days P[Z17.87250260]=P[Z0.559or0.56]perChart/NORMSDIST=.2877or28.77%P[Z17.87240260]=P[Z1.12]perChart/NORMSDIST=.1314or13.14% Project Management Far Eastern University (FEU), a large college in a small city in Texas, enrolls close to 20,000 students. In a typical town-gown relationship, the school is a dominant force in this small city, with more students during Fall and Spring than permanent residents. A longtime football powerhouse, FEU is usually in the top 20 college football rankings. To bolster its chances of reaching the elusive and long desire number one ranking, in 2010, FEU hired the legendary Robert Peters as its head coach. One of Peters's demands on joining FEU had been a new stadium. With attendance increasing, FEU administrators began to face the issue head on. After six months of study, much political arm wrestling, and some serious financial analysis, Dr. John Cruz, president of Far Eastern University (FEU), had reached a decision. To the delight of its students, and to the disappointment of its athletic boosters, FEU would not be relocating to a new football site but would expand the capacity at its on-campus stadium. Adding 21,000 seats, including dozens of luxury skyboxes, would not please everyone. The influential football coach, Robert Peters, had long argued the need for a first-class stadium, one with built-in dormitory rooms for his players and a palatial office appropriate for the coach of a future NCAA champion team. But the decision was made, and everyone, including the coach, would learn to live with it. The job now was to get construction going immediately after the current season ended. This would allow exactly 270 days until the upcoming season opening game. The contractor, Miller Construction (Bob Miller being an alumnus, of course), signed the contract. Bob Miller looked at the tasks his engineers had outlined and looked President Cruz in the eye. "I guarantee the team will be able to take the field on schedule next year," he said with a sense of confidence. "I sure hope so," replied Cruz." The contract penalty of $10,000 per day for running late is nothing compared to what Coach Peters will do to you if our opening game with Western State is delayed or cancelled." Miller, sweating slightly, did not respond. In football-crazy Texas, Miller Construction would be mud if the 270-day target were missed. Back in his office, Miller again reviewed the data. (See Table below and note that optimistic time estimates can be used as crash times.) He then gathered his foremen. "People, if we're not 75% sure we'll finish this stadium in less than 270 days, I want this project crashed! Give me the cost figures for a target date of 250 days-also for 240 days. I want to be early, not just on time!" FAREASTERN UNIVERSITY PROIECT Answer he provided \begin{tabular}{|c|} \hline Answerheprovided \\ \hline \end{tabular} \begin{tabular}{|l|l|c|c|c|c|c|c|c|} \hline & & \multicolumn{2}{|c|}{ TIME ESTIMATES (in days) } & & & & & \\ \hline \end{tabular} Ravenlan MIntumele reach n ta A E Develop Network - Crash A to 20
