Mike was hired as a project manager to install hardwood floors for the company Awesome Floor and Tile. They will be installing new flooring into a local office building. Mike comes up with the list of work and estimates the time. A list of activities and their optimistic completion time, the most likely completion time, and the pessimistic completion time (all in days) are estimated in a given table. Following are the activities that are required to install the hardwood floor in the offices:

• Activity 1:Measure office room dimensions
• Activity 2:Estimate cost
• Activity 3:Material requisition
• Activity 4:Workforce requisition
• Activity 5:Special tool requisition
• Activity 6:Installation
• Activity 7:Inspection and customer acceptance

Activity 2 starts immediately after Activity 1.

Activity 3, Activity 4, and Activity 5 start concurrently after Activity 2.

Activity 6 does not start until after Activity 3, Activity 4, and Activity 5 are completed.

The carpet installation project is did after Activity 7 is completed.

Your assignment is to report that addresses the following:

If OT = Optimistic Time, MT = Most Likely Time, and PT = Pessimistic Time, use a Program Evaluation Review Estimate (PERT) to compute the statistical time for each activity, as in the following table:

Activities

OT

MT

PT

Activity 1

2

3

4

Activity 2

3

6

9

Activity 3

4

8

12

Activity 4

6

8

10

Activity 5

8

10

12

Activity 6

10

14

18

Activity 7

4

6

8

You must also do the following:

• Determine and explain the expected completion time and the variance for each activity.
• Determine and explain the total project completion time and the critical path for the project.
• Determine and explain Early Start (ES), Early Finish (EF), Late Start (LS), and slack for each activity.
• What is the probability that this project will be finished in 40 days or less? Explain.
• Define how to gather the project requirements.
• Analyzewhether there are any potential changes that could impact overall project schedule and project finishing time.
• Explain the best methodsfor managing the change requests and what kind of process this project should involve.
• Analyze implications of changes in project scheduling.
• Explain the best methodsformanaging the change requests and what kind of process this project should involve.
• Evaluate applications of project management techniques in terms of the firm's business operational goals and requirements.