Operations Management homework help

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Project Management (140 point):  Module 12

Regulations:
  • GRADING EXPECTATIONS :

1.      I recommend that you use the grading rubric to shape your work product (Attached).

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2.      With respect to grading, The instructor really looks for 2 things: citations and substance. I encourage you to include cites and information from scholarly and/or peer-reviewed sources in addition to the course text (Stevenson, W. (2018). Operations management (13th ed.). New York, NY: McGraw-Hill Irwin. ISBN-13:9781259667473)

 

 Otherwise, my potential for points is reduced. It  indicates you have read the course materials and searched far and wide for theories, statistics, and facts to address the issue at hand. I encourage you to paraphrase these sources. Convert the content into your own words rather than using direct quotes. This improves the synthesis of information, and it makes the writing more closely resemble your own style.  Operations Management homework help

 

In addition to scholarly citations, a substantive assignment is one that not only answers the question but advances the discussion. Please, do more than is expected.
  • The writer must apply APA style guidelines.   Avoid plagiarism
·         Support your submission with:

1.      Course material concepts, principles, and theories from the textbook and Use it in the references (Stevenson, W. (2018). Operations management (13th ed.). New York, NY: McGraw-Hill Irwin. ISBN-13:9781259667473)

2.       At least Four scholarly, peer-reviewed journal articles.

2.1     Takakura, Y., Yajima, T., Kawajiri, Y., & Hashizume, S. (2019). Application of critical path method to stochastic processes with historical operation data. Chemical Engineering Research & Design: Transactions of the Institution of Chemical Engineers Part A, 149, 195–208. https://doi.org/10.1016/j.cherd.2019.06.0

2.2   Hernández-Bastida, A., & Fernández-Sánchez, M. P. (2019). How adding new information modifies the estimation of the mean and the variance in PERT: a maximum entropy distribution approach. Annals of Operations Research, 274(1/2), 291–308.

2.3   Calp, M., & Akcayol, M. (2019). Optimization of project scheduling activities in dynamic CPM and PERT networks using genetic algorithms. Journal of Natural and Applied Sciences. 22(2), 615-627.

 
 

·         Be 7 completed pages in length, which does not include the title and reference pages, which are never a part of the content minimum requirements. Organize your paper with section headers related to the Critical thinking prompts.

 

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Project Management (140 points)

Instructions:

Consider a recent project that you have worked on. This could be for a company or organization with which you are familiar, or even a personal project such as purchasing a home or planning a family gathering.

After your opening paragraph, which includes your thesis statement, identify your selected company or organization in no more than three paragraphs. Then, complete the following:

*Note: for the charts/diagrams, use MS Word, Excel, Google Docs or Google Sheets. You may also use any other suitable project-based software. A free Project management software called Libre is also available for download here https://sourceforge.net/projects/projectlibre/

  1. Create either a Work Breakdown Structure (WBS) of the project or Gantt Chart for planning and scheduling the project. Discuss why you used the type of chart you did.
  2. Determine and document both probabilistic (t0, tp, and tm) and deterministic time estimates. Discuss how you arrived at these time estimates.
  3. Using MS Word, Google Docs, or similar software, create a PERT network diagram with the Critical Path (CP) identified.
  4. Calculate the slack time for each activity. Discuss the ramifications of slack in the CP for the activities and the project as a whole.
  5. Develop the network diagram from the probability estimates. Discuss which path you would take and why.
  6. For each activity, determine hypothetical costs in a table. Include budgeted costs, percent complete, actual/projected cost, and over/under budget (and total). Discuss the rationale for how you derived these costs.
  7. Crash an activity on the Critical Path. Discuss the ramifications of crashing the activity you crashed. Operations Management homework help.