This presentation provides an overview of the project management process for the Batman movie. It covers estimation, AON diagram, critical path, crashing, and the required time and cost for completing the project.
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Project management
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Introduction The project mainly focuses on the Batman movie It is found that the customers of a automobile plant has got the rights to produce modified Batmobile version The Batmobile will be sold to the niche buyers.
Estimation for the project ActivityDescriptionEstimated completion time (weeks) Immediate Predecessors A B C D E F G H Design/Test product Hire workers Train workers Order/receive materials Reconfigure machinery/setup Advertise product Production Pay purchase orders 6 3 3 2 7 8 8 3 - A B A D B,D C,E D
AON diagram The AON diagram that will be created must include information about the following: •Early start, •Late start, •Early finish, •Late finish, •Duration and •Name of the activity.
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AON Diagram showing the Early start and Early finish ActivityDurationPredecessorEarly startEarly finish A6--06 B3A69 C3B912 D2A68 E7D815 F8B, D917 G8C, E1523 H3D811
AON Diagram showing the Late start and Late finish ActivityDurationPredecessorLate start Late finish A6--06 B3A912 C3B1215 D2A68 E7D815 F8B, D412 G8C, E1523 H3D58
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Crashing ActivityNormal Time (weeks) Normal CostCrash time (weeks) Crash CostDtDcDc/Dt A6$1,200,0004$2,200,0002$1,000,000500,000 B3$400,0002$500,0001$100,000100,000 C3$500,0003$500,0000$00 D2$1,000,0001$1,200,0001$200,000200,000 E7$1,000,0005$1,900,0002$900,000450,000 F8$2,000,0005$3,200,0003$1,200,00040,000 G8$1,200,0004$2,600,0004$1,400,00035,000 H3$100,0002$200,0001$100,000100,000
Crashing Contd. After calculating Dc, Dt and Dc/Dt, critical path of project is mainly identified •A>D>E>G =6+2+7+8=23 •A>B>C>G=6+3+3+8=20 As,A>D>E>G is the critical path
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Activities that will be crashed As,A>D>E>G is the critical path,the activities that will be crashed are generally highlighted in red in the table that is generally provided below: ActivityNormal Time (weeks) Normal CostCrash time (weeks) Crash CostDtDcDc/Dt A6$1,200,0004$2,200,0002$1,000,000500,000 B3$400,0002$500,0001$100,000100,000 C3$500,0003$500,0000$00 D2$1,000,0001$1,200,0001$200,000200,000 E7$1,000,0005$1,900,0002$900,000450,000 F8$2,000,0005$3,200,0003$1,200,00040,000 G8$1,200,0006$2,600,0002$1,400,000130,000 H3$100,0002$200,0001$100,000100,000
Required Time for project As per the critical path, the required time= 6+2+7+8= 23wks •Management wants to bring the product 7 wks. earlier than scheduled Therefore, the required time = (23-7) wks. = 16 wks. It is identified that the entire project will be completed within 16weeks that is 7 weeks earlier as per the schedule.
Required cost for completing project The addition cost that is needed for finishing the entire project successfully will be •= 500,000+ 200,000+ 450,000+ 130,000 •=$1,163,000 Thus, it is analyzed that $1,163,000 is required in order to complete the project successfully before seven weeks.
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Change in critical path •It is found that the critical path of the project does not change and it remains the same.
Bibliography Badewi, A., 2016. The impact of project management (PM) and benefits management (BM) practices on project success: Towards developing a project benefits governance framework.International Journal of Project Management,34(4), pp.761-778. Conforto, E.C., Salum, F., Amaral, D.C., da Silva, S.L. and de Almeida, L.F.M., 2014. Can agile project management be adopted by industries other than software development?.Project Management Journal,45(3), pp.21-34. De Carvalho, M.M., Patah, L.A. and de Souza Bido, D., 2015. Project management and its effects on project success: Cross-country and cross-industry comparisons.International Journal of Project Management,33(7), pp.1509-1522.