Project Management - Team Work | ERP System

Running head: PROJECT MANAGEMENT
Project management
Name of the Student
Name of the University
Author’s Note

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Table of Contents
Part A- Team Work.........................................................................................................................3
Task 1:.........................................................................................................................................3
1.1 Identification of the critical path........................................................................................3
1.2 Latest start and latest finish...................................................................................................4
1.3 Early start and early finish.................................................................................................5
1.4 Work breakdown structure................................................................................................6
1.5 Resource allocation (labour cost and materials)................................................................7
Task 2:.........................................................................................................................................8
Part B- Individual work.................................................................................................................12
Task 3:.......................................................................................................................................12
3.1 Optimistic time................................................................................................................12
3.2 Most likely time...............................................................................................................13
3.3 Pessimistic time...............................................................................................................14
3.4 Expected activity time.....................................................................................................16
3.5 Standard deviation...........................................................................................................19
3.6 Variance...........................................................................................................................22
3.7 For one date ahead of most likely completion date, calculate Z.....................................25
3.8 For one date behind the most likely completion date calculate Z...................................26
Task 4:.......................................................................................................................................26
Bibliography..................................................................................................................................29

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Part A- Team Work
Task 1:
1.1 Identification of the critical path
The critical activities that are present in the ERP system development project is mainly
showcased in the below figure.
Figure 1: Critical path
(Source: Created by Author)

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1.2 Latest start and latest finish
The latest start and latest finish for each of the project activities is reflected in the below
diagram.
Figure 2: Latest start and late Finish
(Source: Created by Author)

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1.3 Early start and early finish
The early start and early finish for each of the project activities is reflected in the below
diagram.
Figure 3: Early start and early finish
(Source: Created by Author)

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1.4 Work breakdown structure
The WBS diagram reflects that the ERP system is developed by executing project
activities into four different phases.
Development of ERP
system
Initiation phase
Business case
development
Undertaking cost
benefit analysis
Estabilishing charter
Appointing project
team
Milestone 1:
Completion of
initiation phase
Planning phase
Development of
project plan
Resource plan
development
Risk management
plan
Development of
communication plan
Milestone 2:
Completion of
planning phase
Execution phase
Setting objectives
Evaluating the
options
Data migration
Checking
infrastructure
Customization
Change
management
Technology and
knowledge transfer
Project management
and testing
On-going support
Milestone 3:
Completion of
execution phase
Close out phase
Post project review
Stakeholder sign off
Documentation
Releasing resources
Milestone 4:
Completion of close
out phase
Figure 4: WBS
(Source: Created by Author)