PROJECT mANAGEMENT( CASE STUDY) Essay Example | Topics and Well Written Essays - 1500 words

PROJECT mANAGEMENT( CASE STUDY) - Essay ExampleNumber in the top of the set is the m this action individual requires or the make sense time allocated to remove this activity. Compartment with 0 carries the point in time accompaniment activity foot be started. Therefore drill A can be started at 0 point in time means that as soon as the depict started and it is the Earliest decease Time (Anantatmula, 2010). Whereas Compartment with 7 refers total time consumed after completing this particular activity which means it shows the Earliest Finish Time (Brotherton, Fried, and Norman, 2008). Bottom right compartment is the time of latest finish activity. For instance, activity can be finished at the latest by 10 weeks and any further moderate than 10 weeks would feign total duration of the view. Number below the complete box refers the amount of time (weeks in under study case) this particular activity can be delayed without affecting the total labor movement time called float ( Brotherton, Fried, and Norman, 2008). For instance, activity A can be delayed to maximum of 3 weeks without affecting the total project time. This delay would also allow this activity to be included in the circumstantial path and as the gap available for delay would tout ensemble be consumed by the initially activity. So an activity can be represented as follows Duration of the project Earliest Start Time A Earliest Finish Time Latest Start Time Latest finish Time float Path identified with red arrow is the critical path. Critical path refers to path or the flow of activities that are critically dependent on each other and delay in these activities would immediately go in delay of the project. Critical path of this project includes following activities B-E-H-J-K-L. It is identified with activities that have zero (0) float referring to no time cushion to delay this particular activity. It is the longest path and any delay in these activities will delay the constitutional project. The float of the activity D and F are 3 weeks and 1 week respectively. This means that activity D and activity F can be delayed by 3 weeks and 1 week respectively and this delay would have no impact on the duration of the project and project will be still completed on time. However, any delays in these activities with more(prenominal) than the stated time would impact completion of project on time (Alojairi, and Safayeni, 2009). Activity F has a float of 1 week and delay in this would affect the overall time required to complete the project. Manager in order to reduce time for delay in the critical path can take the benefit of float of F and G and shall take up both activities parallel. Hence, this way, two weeks benefit will be in hand to project manager. Within these two weeks manager can allocate additional resources for such as multiple panel for hiring and training staff in order to complete the project within due time or minimizing the delay. ANSWER 1 (b) Each component of the project plays its part in order to complete the project within the duration. However, among large number of factors few are regarded as critical and discrepancy on these factors such as delays can resultantly cause the delay of the entire project along with cost also being affected. Being critical these factors require considerable attention to ensure minimization of the discrepancy chances (Bredillet, 2005). For the given project of developing petrol station with convenience stores being market already explored by Tesco Metro and Sainsburys Local but with distinction to exploit the racy income class