Project Management Theories in Installation

Running head: Project Type: Unit 5 Individual Project 1
Type your Name Here
American Intercontinental University
MGMT412 – Project Management
Date of Submission

Running head: Project Type: Unit 5 Individual Project 2
Unit 5 Individual Project
In this paper, there is previewing of the project management theories in installation of the
hardwood floors for the company. There is discussion of time mandatory to end jobs, determine
and explanation of the key estimation of project duration and assistances of the project
management techniques in this project plan.
Time Required to Complete Jobs
Mike was hired as a project manager to install hardwood floors for the company
Awesome Floor and Tile. They will be installing new flooring into a local office building. Mike
comes up with the list of work and estimates the time. A list of activities and their optimistic
completion time, the most likely completion time, and the pessimistic completion time (all in
days) are estimated in the table.
Activities OT MT PT
Activity 1 2 3 4
Activity 2 3 6 9
Activity 3 4 8 12
Activity 4 6 8 10
Activity 5 8 10 12
Activity 6 10 14 18
Activity 7 4 6 8
Activity 2 starts immediately after Activity 1.
Activity 3, Activity 4, and Activity 5 start concurrently after Activity 2.
Activity 6 does not start until after Activity 3, Activity 4, and Activity 5 are completed.
The carpet installation project is complete after Activity 7 is completed.

Running head: Project Type: Unit 5 Individual Project 3
Determine and Explain Key Calculations
Determine and explain the expected completion time and the variance for each activity.
Expected time= (Optimistic time + 4*most likely time + pessimistic time) /6
Variance for each activity = [(Pessimistic time - Optimistic time) / 6] 2
Based on the above formula of expected time and variance, the calculations are provided
in below table:
Activities OT MT PT Expected
Completion
Time
Variance
Activity 1 2 3 4 3 0.111111111
Activity 2 3 6 9 6 1
Activity 3 4 8 12 8 1.777777778
Activity 4 6 8 10 8 0.444444444
Activity 5 8 10 12 10 0.444444444
Activity 6 10 14 18 14 1.777777778
Activity 7 4 6 8 6 0.444444444