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Consider a recent project that you have worked on. This could
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Consider a recent project that you have worked on. This could be for a company or organization with which you are familiar, or even a personal project such as purchasing a home or planning a family gathering. <
After your opening paragraph, which includes your thesis statement, identify your selected company or organization in no more than three paragraphs. Then, complete the following: <
*Note: for the charts/diagrams, use MS Word, Excel, Google Docs or Google Sheets. You may also use any other suitable project-based software. A free Project management software called Libre is also available for download here https://sourceforge.net/projects/projectlibre/<
Create either a Work Breakdown Structure (WBS) of the project or Gantt Chart for planning and scheduling the project. Discuss why you used the type of chart you did.<
Determine and document both probabilistic (t0, tp, and tm) and deterministic time estimates. Discuss how you arrived at these time estimates.<
Using MS Word, Google Docs, or similar software, create a PERT network diagram with the Critical Path (CP) identified.<
Calculate the slack time for each activity. Discuss the ramifications of slack in the CP for the activities and the project as a whole.<
Develop the network diagram from the probability estimates. Discuss which path you would take and why.<
For each activity, determine hypothetical costs in a table. Include budgeted costs, percent complete, actual/projected cost, and over/under budget (and total). Discuss the rationale for how you derived these costs.<
Crash an activity on the Critical Path. Discuss the ramifications of crashing the activity you crashed.
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