Managing Project Assignment Example | Topics and Well Written Essays - 3000 words

Managing Project - Assignment Example EFT = EST + Duration Time duration in the project has been calculated in a in a forward pass model and backward pass movement cannot be used in this because there is no deadline mentioned in the project. In a forward pass model, the project manager has calculated earliest time at which each work node could be reached. Burke (2003) defined Float time quantitative measure of work activity‘s flexibility or the measure of the slack period at which a particular work activity can be delayed without extending the completion date of the project. The project manager has used the following formulae to calculate the float time; Float Time= LFT  Ã¢â‚¬â€œEST - Duration........Equation-1 (Field and Keller, 2007) Equation-1 has been used to calculate the float time. Total float time has been calculated as 29 days and due to sufficient amount of float time, the completion date of the project will not be delayed if any particular activity gets delayed. Calculation of the float time has been s hown in the appendix 1. 3. Critical Path Field and Keller (2007) defined critical path as being the longest route joining the earliest activity in the project and last activity. Critical path of the project has been calculated assuming zero float time in order to measure minimum possible time required to complete the project. Critical path for the project= A, B, C, F, G, K, L, M, N, O, Q and R and the path has been showed through bold line in the network diagram. Activities in the critical path cannot delayed due to presence of zero float time hence delaying of any of the above mentioned activity will delay the overall completion time of the project. Project duration can be calculated by summing up the time duration of all the critical activities. Therefore, minimum possible time for completing the project would be 50 days. 4. Earliest Days for Project Completion The project starts on the Monday 15th July 2013 and the project team will work for 5days a week and there will not be any other holidays. From the result above, the minimum time to complete this project is 50 days. We can apply project management software to calculate completing day. If the project starts on the Calculation of the project completion time can be done in the following manner; Month Date Day Project Status Duration July 15/7/2013 Monday Start 1days July 31/7/2013 Wednesday Task A and Task B completed 13days August 1/8/2013 Thursday Task A, Task B and Task C completed 14 days August 15/8/2013 Thursday Task A, Task B, Task C and Task F completed 24 days August 31/8/2013 Saturday Task A, Task B, Task C, Task F, Task G, Task K and Task L completed 35 days September 1/9/2013 Sunday Same N/A September 15/9/2013 Sunday Task A, Task B, Task C, Task F, Task G, Task K, Task L, Task M, Task N and Task O completed 45 days September 20/9/2013 Wednesday Completion of the project 50 days The project will be completed on 20/9/2013 (Friday) and the project will take exactly 50 days to complete. The time duration for the project has been calculated by following the calendar of 2013 (appendix 3). 5. A- Activity E is delayed 1 day Total float time for activity E is 2 days and activity E doesn’t lie in the critical path hence delaying activity E will not affect the completion time of the project (check appendix 1). However, due to delay in activity E, the company has to bear more cost (fixed cost + variable cost) to complete the