krm8_ism_ch03 - Chapter 3 Project Management DISCUSSION...

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Unformatted text preview: Chapter 3 Project Management DISCUSSION QUESTIONS 1. Software is an essential element for successful management of complex projects. It can provide information on completion performance of critical activities, highlight activities that need additional resources, and suggest the project duration that will minimize costs. However, whether projects are large or small, the people who manage them or perform the activities will ultimately determine the outcome of the project. The project manager must have the ability to coalesce a diverse group of people into an effective team. The organization of the firm must also be conducive to cross-functional inputs. 2. This question is best used when it is given as an assignment prior to class. Responses will vary, but rely on the students with some business experience. The projects do not have to be large ones. Stories in the headlines include natural disasters (earthquakes, fires, tornadoes, and hurricanes), cleanup of oil spills, and delays in the introduction of new products. 3. This question is best used when it is given as an assignment before class so that the students will have a chance to think about it before discussion. Most everyone should be able to describe some project they have been a part of. Common ones include preparing a high-school yearbook, planning a major party, building a new home, and organizing a banquet for a club or student group. Take time to elicit examples of activities and their interrelatedness. Press the students for the reasons behind their rating of the project manager. If the student is the project manager, ask the student what s/he thinks are positive attributes for a project manager in such an example. l PART 1 l Using Operations to Compete PROBLEMS 1. a. AON network diagram D 2 E 1 F 8 G 3 B 4 H 5 J 7 I 4 C 5 A 2 Start Finish b. The critical path is ACFHJ with a completion time of 27 days. c. Earliest Latest Earliest Latest Total On Critical Activity Duration Start Start Finish Finish Slack Path? A 2 2 2 Yes B 4 2 3 6 7 1 No C 5 2 2 7 7 Yes D 2 6 15 8 17 9 No E 1 6 16 7 17 10 No F 8 7 7 15 15 Yes G 3 8 17 11 20 9 No H 5 15 15 20 20 Yes I 4 15 16 19 20 1 No J 7 20 20 27 27 Yes d. Free slacks: activity G has 9 days; activity H has zero days; and activity I has 1 day. 2. a. AON diagram 29 Project Management l CHAPTER 3 l D 4 B 2 C 4 A 7 Start F 3 G 5 E 4 Finish b. The critical path is ACDEG with a completion time of 24 days. 30 l PART 1 l Using Operations to Compete Earliest Latest Earliest Latest On Critical Activity Duration Start Start Finish Finish Slack Path? A 7 7 7 Yes B 2 7 9 9 11 2 No C 4 7 7 11 11 Yes D 4 11 11 15 15 Yes E 4 15 15 19 19 Yes F 3 19 21 22 24 2 No G 5 19 19 24 24 Yes c. The free slacks for all activities in days are: A(0); B(2); C(0); D(0); E(0); F(2); and G(0)....
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krm8_ism_ch03 - Chapter 3 Project Management DISCUSSION...

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