StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

SIM335 Managing Projects - Essay Example

Cite this document
Summary
Task 1: Question 1: The network diagram for the activities involved in order to manufacture some of the new varieties of desired products will be given in the following figures: Question 2: The timing of all the activities is dependent upon which path is adopted by the engineers from the prescribed network diagram…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.1% of users find it useful
SIM335 Managing Projects
Read Text Preview

Extract of sample "SIM335 Managing Projects"

Download file to see previous pages

The direct relationship between the activities was found where ‘Finish to Start’ approach was adopted as per the requirements mentioned before the diagram was to be designed. Determining the total float on the other end means the total amount of time for which the task can be delayed and which does not negatively affect the project whatsoever the conditions are. The formula for the total float is given as follows: Total Float = Late Start – Early Start This means that subtracting the time of the activity which was recorded in case of the early start as well as the late start will provide us the total float that can be recorded in the activities undergoing, but that will not affect the process in negative way.

Question 3: The duration of the project as well as the critical path are related to each other in an important sense, i.e. the shortest duration of time that is needed to finish all activities in a task to enhance the efficiency scale. According to the network diagram given above, the shortest duration of the project will be 72 days, and therefore that will be defining the critical path. The critical path of the diagram will not be an easy task as the whole task is based on the ES and EF basis except two points, i.e. end of activity 2 and end of activity 8.

The critical path will follow the track from A > F > G > H > I > K > L > M > N > O > P > Q. Question 4: The critical path shows it will take 72 days for the task to complete, and that is shortest possible time in which a process can complete. Now if the project will start on 16th January, 2012, on Monday, then it will take 14 weeks and 2 days in the completion of the project. Calculating weeks from the starting date, the project must end on the second day, i.e. Tuesday of the 15th week after the project has started on 16th January.

The second day of 15th week becomes Tuesday 1st May, 2012. This will be the earliest date when the project will be completed. Question 5: If activity B delays for 2 days then that will not make any change in to the final duration of the project, as activity B and F are going on the same time period, rather activity F is going on for 4 more days than the activity B and also activity F is included in the critical path and therefore there will not be any effect on the duration of the project. The delay of 2 days in activity P will straightaway affect the whole duration of the project because it is directly dependent as well as independent activity and any change in duration of this activity will change the duration of the whole project.

Therefore, this will result in the delay of 2 days in the duration of project and now it will take total 74 days to complete the project, and it will now finish on Thursday 3 May, 2012. The delay in activity O of 1 day will also follow the same case as was happened in activity P case, but with 1 day delay in the project completion. Therefore the project will now be over on 2nd May, 2012 on Wednesday. Question 6: The main limitations in the network diagram are as follows: The toolbar cannot help the elements to be created through the use of dragging and dropping.

It is not possible to transfer the elements to the work management view from the

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“SIM335 Managing Projects Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.org/management/1394122-sim335-managing-projects
(SIM335 Managing Projects Essay Example | Topics and Well Written Essays - 2500 Words)
https://studentshare.org/management/1394122-sim335-managing-projects.
“SIM335 Managing Projects Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/management/1394122-sim335-managing-projects.
  • Cited: 0 times

CHECK THESE SAMPLES OF SIM335 Managing Projects

Business stat project

Its results include summaries of trends and analysis of possible differences in variables and their significance for informed decisions.... This discussion offers analysis of data on age,… The discussion is based on the hypothesis that Cadillac has retained control of the segment of older men and has lost the other segment to its competitors and that this is April 27, Business statistics project Statistical analysis is important to managerial decisions as it offersinsights into data....
2 Pages (500 words) Statistics Project

Statistics Project, Political Science

This essat talks about international politics which is a discipline closely related to international relations that is known as the political relationship or link between foreign nations.... It is a branch of political science, specifically, international policies.... … As the study stresses international politics defines the politics of the global community in a fairly narrow sense mainly about diplomacy, as well as state relations and other political units....
2 Pages (500 words) Statistics Project

Measuring and Managing the Value of Companies

The author of this paper claims that the equity research report of Whitbread Plc.... highlights its financial performance by emphasizing on the equity valuation method.... The accounting standard followed by the company is analyzed in order to identify the issues that are not taken into account.... hellip; Preparation of financial statement does not comply with a few rules of the IFRS....
12 Pages (3000 words) Statistics Project

Project

After the analysis of the different depreciation methods, the accountant has provided a report that details each method and its advantages and disadvantages.... In addition, it recommends the most appropriate method that will suit the company best and foster presentation of… This method ensures that a uniform amount of depreciation is charged in the income statement for a particular asset....
5 Pages (1250 words) Statistics Project

Project Specification Summary

Coffee consumption in the USA is on the rise due to the hectic lifestyles of people and the high demand for efficiency and multitasking (National Coffee Association 2013 survey).... This study will focus on consumption of coffee, the gender differences in coffee consumption and… This study will indicate that coffee has become the most popularcaffeinated product in the USA (Food Manufacturing, 2013). An online survey was carried out in various mediums such as Facebook, Twitter and email....
2 Pages (500 words) Statistics Project

Term project part III

In this research, our interest is to ascertain whether crime rate within the local cities is mainly related with the number of the uniformed officers within the police department of each of the cities or there are some other variables, such as income level, educational level,… Since crime affects each and every one living in the city, the research question would be of interest to many students and the local people, particularly the residents of the affected cities....
3 Pages (750 words) Statistics Project

Regression analysis project

Where p is the probability that someone will be tested with prostate cancer, k is the coefficient of regression, and v is the most significant variable in determining the probability p.... Outliers in this dataset include cancer, inv and cap since they have fixed and immeasurable… The necessary transformation in this regression process is the binomial transformation using “mylogit” function....
2 Pages (500 words) Statistics Project

Ischemic Heart Disease - Cardiovascular Disability

To build a model that would predict the dependent variable we need to have an generalized linear model where we use multiple regression.... The… The most important assumption for the OLS model is that the dat set need to follow a normal distribution.... We therefore had to check whether our data set followed a normal distribution....
2 Pages (500 words) Statistics Project
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us