Project Mgt. Case Review P. 424

Module 8 Homework Assignment

Stephanie Monroe

02/28/2014

All assignment material obtained from course text Project Management: A managerial approach by Mantel and Meredith.

(Select and answer questions (10) and (12) of the Material Review questions on pg. 424)

Question 10 –

The normal duration for this project is 17 days with a cost of $1700 ($100 per day). Please see table below for the cost-duration history.

| Completion Date | Crash Cost | Total Cost |

Normal | 17days | No cost | $1700 |

3-4 | 16 days | $25 | $1625 |

1-2 | 15 days | $30 | $1555 |

1-2 | 14 days | $50 | $1505 |

3-4 | 13 days | $60 | $1465 |

2-3 | 12 days | $80 | $1445 |

Question 12 –

| Completion Date | Crash Cost | Total Cost |

Normal | 19 days | No cost | $1710 |

1-2 | 18 days | $30 | $1650 |

2-3 | 17 days | $40 | $1600 |

1-2 | 16 days | $50 | $1560 |

1-2 | 15 days | $70 | $1540 |

1-3, 2-3, 2-4 | 14 days | $140 | $1590 |

In completing the cost review above and drawing the networks out on paper. I identified that the least cost schedule would be the 1-2 15 days path. See the network below that supports this:

2

2

11(9)

1

1

4

4

4(4)

8(6)

3

3

12(10) 3(3)

(Select and answer one (1) of the two (2) Incidents for Discussion questions on pg. 425)

Discussion Question #2 –

In this Critical Care Hospital incident, the project manager needs to determine the best approach to take in find opportunities to shorten the project time for CT Scan installation. The question is around , what does she need to know and is this the right approach.

I feel that the Resource Allocation Version of CPM is the appropriate approach to take. This will give the pm / team the opportunity to analyze resource and see where they can align some and then shorten the project potentially.

I feel that there are several data elements missing that the PM needs to complete this CPM project.

First here is what is known:

* The facility will...