Project Management

Running head: PROJECT MANAGEMENT
Project Management
Name of Student-
Name of University-
Author’s Note-

1PROJECT MANAGEMENT
Section A- Project Selection
1. Payback Period
Project Option Payback Period
Option A 10.9535 years
Option B 4.5283 years
Option C 4.9940 years
2. NPV Calculation
Project Option Net Present value
Option A $10,822,645.18
Option B $4,627,809.53
Option C $1,840,185.95
3. Preferred best Option
The best option for selecting the project is option B. Option B is considered as the best
project as the payback period for the project is 4.5283 years. The lower the payback period, the
best is the project. Moreover, the total net present value of project B is positive as positive value
for a project is greater than the anticipated cost. Positive NPV in a project is profitable and the
other two project have negative NPV value that will result in loss of the project.

2PROJECT MANAGEMENT
Section B- Network Design
1) Network Diagram
2) Forward pass, backward pass and Slack time
Forward pass- Early start + Duration
Backward pass- Late Finish - Duration
3) Critical path