Preview

R.C. Coleman Case Study

Satisfactory Essays
Open Document
Open Document
435 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
R.C. Coleman Case Study
1. Although the company desires the warehouse expansion completed within 40 weeks, there is only a 10.38% capability to achieve that goal. Laid out below are the networks drawn out and then the critical path is laid out below it for the optimistic outlook on completion time, the most likely outlook and then the pessimistic outlook for the project to be completed. As seen, the best estimated finish time is 28 weeks, most likely is 42 weeks, and the pessimistic is 66 weeks for the project to be complete.

With the critical paths shown for these three possibilities, I will address the company’s desire to finish the warehouse expansion in 40 weeks. To do this, I used the expected time formula, the variance formula, standard variance and the “z score.” In the formulas below, the optimistic outlook is “a”, the most likely is “m”, and the pessimistic is “b,” ℴ is standard variance and the z score is used to find the percentage the warehouse is able to be built in 40 weeks. Additionally, the actual expected time is 43 weeks, shown below is the critical path broken into expected time versus the first three options above.

With the 10.38% probability of the project’s ability to be finished in 40 weeks, it is highly recommended to allow at least another two weeks to allow the project to be completed with fewer errors. However, if it is not feasible to allow this extra time for the expansion the following two clauses below will further define the possibilities available to increase the probability of earlier completion and the additional costs it would take to undergo those options.

2. To complete the expansion in 40 weeks with an 80% probability of success, the activities would need to have a completion time of 38 weeks. This is given the same variance score and times for the schedules above. However, presently it is unable to conclude five weeks earlier without an increase in funding, workers and supplies.

3. Below is a revised activity schedule based on

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Nt1310 Unit 4

    • 555 Words
    • 3 Pages

    a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?…

    • 555 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Hrm/531 Week 4

    • 643 Words
    • 3 Pages

    Schedule Variance of D – We have +ve SV of $2000. Hence we are on schedule and no plan is necessary.…

    • 643 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The project is pouring a concrete patio in my backyard. The results will be a new patio to entertain guests. I am allowing two additional weeks in case there is inadequate funding or scheduling conflicts for the project ending in May of 2008. The two extra weeks are there in case there is an unexpected expense elsewhere, or I can’t get my brother to my house to help out because of scheduling conflicts. Each activity is defined within a week’s time.…

    • 784 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Shuzworld Analysis

    • 5851 Words
    • 19 Pages

    A. Workflow: Shuzworld produces Rugged Wear Work Boots at its Shanghai production facility using an 8-step process and an assembly line of 8 workstations. Each workstation performs a single task that can range from 3 minutes to 10 minutes to complete, resulting in a total time of 46 minutes to fully assemble one pair of steel-tipped work boots. The facility has a budget to produce 6 work boots an hour, with a 40-hour work week (48 work boots a day). The following table shows the task schedule, along with the time required for each task and predecessor information to complete the 8-step process. The graph shows the current layout of the 8 workstations in the production line:…

    • 5851 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    Huntsville Project

    • 758 Words
    • 4 Pages

    According to the requirements that we have set for this project we will not be able to complete it by the expected date of November 2013. With the amount of resources that we need to complete the project our new projected end date is January 30, 2014. There are a few options that we can take to reduce the amount of time needed to complete this project by the proposed date of November 2013.…

    • 758 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    operation management

    • 252 Words
    • 1 Page

    To conclude, we cut activity T by 2 weeks. The project can be completed in 14 weeks.…

    • 252 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Do we have an allotted time to finish the project, or do we have indefinite time to complete this?…

    • 767 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    In order to meet the airport’s planned opening date, the project needed to be completed in just two years. The underestimation of complexity led to a corresponding underestimation of the effort involved. There are several approaches that the project management team should have taken to make better estimation.…

    • 505 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    This project plan has been developed to identify expected project outcomes, however; when a project is initially considered, there are many uncertainties in both the expected benefits and the estimated risks. Cost savings, process efficiencies, and better resource management have been designated positives in the decision to…

    • 3379 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    The critical activities are B, C, E, F, H, J and K. The project should be completed (earliest finish) in 43 weeks - therefore R.C. Coleman’s 40 week completion time cannot be achieved. The probability of R.C. Coleman meeting the 40 week deadline is ~10%. This is a low chance, so they should be cautioned if they make 40 weeks their deadline.…

    • 656 Words
    • 3 Pages
    Powerful Essays
  • Good Essays

    Hassan Private Label

    • 1077 Words
    • 5 Pages

    Question 2: Using assumptions made by Executive VP of Manufacturing, Robert Gates (Exhibit 5 and table on page 3), estimate the project’s FCFs. Are Gates’ projections realistic? If not, what changes would you consider making?…

    • 1077 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Coleman Report Review

    • 697 Words
    • 3 Pages

    The Coleman Report is known for Coleman’s research on education. Coleman was commissioned by the United States Department of Health, Education, and Welfare in 1966 to assess the availability of equal educational opportunities to children of different race, color, religion, and national origin. It was discovered that student background and socioeconomic status are much more important in determining educational outcomes than are measured differences in school resources. “The third and final Coleman Report, Public and Private Schools, came out in 1981. In what proved to be yet another controversial study, Coleman found that even after family background factors were controlled, private and Catholic schools provided a better education than public schools” (Kiviat, 2000). Smith (1972), in a review of the Coleman report focused on regression coefficients instead of percent of explained variance, came to similar conclusions about the lack of effect of school resources once family background is controlled (Hemmings, 2007).…

    • 697 Words
    • 3 Pages
    Good Essays
  • Good Essays

    A&D High Tech (A)

    • 613 Words
    • 3 Pages

    1. What is the estimated project completion date? (Assume there are no holidays and ignore the sunk cost of the planning team’s effort)…

    • 613 Words
    • 3 Pages
    Good Essays
  • Good Essays

    1. When is the project estimated to be completed? How long will the project take?…

    • 576 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    A&D HIGH TECH

    • 263 Words
    • 2 Pages

    The CIO of A&D High Tech, Matt Webb, needs to determine whether the proposed online store project can be completed in time for the holiday shopping season. A new project manager, Chris Johnson, has taken over the management of the project. He has all the components of the plan but he needs to integrate them and is looking to quickly come to an answer.…

    • 263 Words
    • 2 Pages
    Satisfactory Essays