Project Plan: Developing a New Toy for ABC Toy Company

This project plan outlines the development and launch of a new toy product for ABC Toy Company, aiming for a Christmas release. It addresses project scope, manual schedules, network diagrams, and Gantt charts created in MS Project. The plan includes an updated Gantt chart reflecting adjustments to meet the deadline, along with a comparison to the baseline schedule. Cost estimation is provided, detailing baseline and actual costs, and highlighting cost variances. The project involves managing resources, adjusting timelines for tasks like advertising and tool manufacturing, and mitigating potential budget overruns. The conclusion emphasizes the importance of resource management and the impact of schedule changes on the overall budget. The project also includes a bibliography of relevant sources.

Running head: PROJECT PLAN
PROJECT PLAN
Name of the Student
Name of the University
Author Note

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Table of Contents
Introduction................................................................................................................................2
Project Scope..............................................................................................................................2
Manual Schedule........................................................................................................................2
Network diagram....................................................................................................................3
Gantt chart from Ms Project.......................................................................................................3
Updated Gantt chart...................................................................................................................4
Comparison with the baseline....................................................................................................5
Cost estimation:..........................................................................................................................5
Baseline cost...........................................................................................................................5
Actual cost..............................................................................................................................6
Cost variance..........................................................................................................................6
Conclusion..................................................................................................................................7
Bibliography:..............................................................................................................................8

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Section 1:
Introduction
ABC is toy manufacturing company based on Ontario and currently want to introduce a
new product by Christmas. The idea is to build a new toy based on a popular cartoon
character within two month. However, the project manager of ABC, Roger is not sure that the
product can be developed within the time period and want to make some adjustment over the
marketing section. He want to reduction the product advertisement and proposed the idea to
the marketing manager Jane Davis. Jane thinks such product needs minimum six weeks of
advertisement in order to capture the attention due to volatility of the market. In order solve
the problem, Roger discussed the issue with the product manager George. George offered to
speed up the tool build by working weekends. Working one weekend (Saturday and Sunday)
is equivalent to doing one week of regular work but at the additional charges.
Project Scope
The project scope is to develop a flexible schedule for introduce the new product with in
31 August 2018. As the project need to be completed within short amount of time, the
schedule will highly effect the budget and other resources. The objectives of the project is to
propose suitable schedule with budget allocation and also showcase the impact of the crash
on the budget.
Manual Schedule
Task Name Duration
Introduction of New Toy 150 days
Obtain Funding 1 week
Finalize Engineering 2 weeks
Deliver New Equipment 8 weeks
Build Tools/ Dies 11 weeks
Install equipment 1 week

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Train workers 1 week
Debug process 1 week
Establish Debugging plan 2 weeks
Finalize packaging and art work 3 weeks
Advertise 10 weeks
Raw material delivery 12 weeks
Initial production run 3 weeks
Ship product 1 week
Network diagram
Section 2:
Gantt chart from Ms Project.
Task Name Baseline Start Baseline Finish
Introduction of New Toy Fri 20-04-18 Thu 15-11-18
Obtain Funding Fri 20-04-18 Thu 26-04-18
Finalize Engineering Fri 27-04-18 Thu 10-05-18
Deliver New Equipment Fri 27-04-18 Thu 21-06-18
Build Tools/ Dies Fri 11-05-18 Thu 26-07-18
Install equipment Fri 22-06-18 Thu 28-06-18
Train workers Fri 27-07-18 Thu 02-08-18
Debug process Fri 03-08-18 Thu 09-08-18
Establish Debugging plan Fri 27-04-18 Thu 10-05-18
Finalize packaging and art work Fri 11-05-18 Thu 31-05-18
Advertise Fri 11-05-18 Thu 19-07-18
Raw material delivery Fri 27-07-18 Thu 18-10-18
Initial production run Fri 19-10-18 Thu 08-11-18
Ship product Fri 09-11-18 Thu 15-11-18

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The schedules are constructed by following the base duration of the project which
exceeds the expected delivery time. In order to complete the project within august several
assumption has been made as the duration of the advertise and tools manufacture has been
decreased to a certain level while increasing the resources.
Updated Gantt chart
Task Name Start Finish
Introduction of New Toy Fri 20-04-18 Thu 13-09-18
Obtain Funding Fri 20-04-18 Thu 26-04-18
Finalize Engineering Fri 27-04-18 Thu 10-05-18
Deliver New Equipment Fri 27-04-18 Thu 21-06-18
Build Tools/ Dies Fri 11-05-18 Thu 26-07-18
Install equipment Fri 22-06-18 Thu 28-06-18
Train workers Fri 27-07-18 Thu 02-08-18
Debug process Fri 03-08-18 Thu 09-08-18
Establish Debugging plan Fri 27-04-18 Thu 10-05-18
Finalize packaging and art work Fri 11-05-18 Thu 31-05-18
Advertise Fri 11-05-18 Thu 21-06-18
Raw material delivery Fri 27-07-18 Thu 16-08-18
Initial production run Fri 17-08-18 Thu 06-09-18
Ship product Fri 07-09-18 Thu 13-09-18
Comparison with the baseline
Critical path

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The critical path can be explained as the sequence of stages determining the minimum
time needed for an operation, especially when analysed a project. The project above pictures
shows the critical paths which are denoted in red along with resource allocation.
Network diagram
Cost estimation:
Cost estimation for the baseline was estimated around 39,000. For minimizing extra
cost implies as 100 per week. The final result showcase that the cost variance is almost 3,720
dollar.

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Baseline cost
Task Name Baseline
Introduction of New Toy $39,650.00
Obtain Funding $1,600.00
Finalize Engineering $3,200.00
Deliver New Equipment $0.00
Build Tools/ Dies $19,650.00
Install equipment $0.00
Train workers $1,600.00
Debug process $1,600.00
Establish Debugging plan $0.00
Finalize packaging and art work $0.00
Advertise $12,000.00
Raw material delivery $0.00
Initial production run $0.00
Ship product $0.00
Actual cost
Task Name Total Cost
Introduction of New Toy $43,370.00
Obtain Funding $1,600.00
Finalize Engineering $3,200.00
Deliver New Equipment $0.00
Build Tools/ Dies $22,850.00
Install equipment $1,260.00
Train workers $1,600.00
Debug process $1,600.00
Establish Debugging plan $0.00
Finalize packaging and art work $1,060.00
Advertise $7,000.00
Raw material delivery $1,600.00
Initial production run $0.00
Ship product $1,600.00
Cost variance
Task Name Total Cost Baseline Variance
Introduction of New Toy $43,370.00 $39,650.00 $3,720.00
Obtain Funding $1,600.00 $1,600.00 $0.00
Finalize Engineering $3,200.00 $3,200.00 $0.00
Deliver New Equipment $0.00 $0.00 $0.00
Build Tools/ Dies $22,850.00 $19,650.00 $3,200.00
Install equipment $1,260.00 $0.00 $1,260.00
Train workers $1,600.00 $1,600.00 $0.00

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Debug process $1,600.00 $1,600.00 $0.00
Establish Debugging plan $0.00 $0.00 $0.00
Finalize packaging and art work $1,060.00 $0.00 $1,060.00
Advertise $7,000.00 $12,000.00 -$5,000.00
Raw material delivery $1,600.00 $0.00 $1,600.00
Initial production run $0.00 $0.00 $0.00
Ship product $1,600.00 $0.00 $1,600.00
Conclusion
ABC is toy manufacturing company based on Ontario and currently want to introduce a
new product by Christmas. The idea is to build a new toy based on a popular cartoon
character within two month. ABC needs to consider the consequences of the early delivery
and restores allocation. The amount of duration needs for each task has been reduced to a
certain limit which increases the resources cost 1000 dollar per week. The above tables
describes the impact of the duration change in a project. ABC needs to be focused on their
resource management crucially as the project can go over budget. The objectives of the
project is achieved where suitable schedule with budget allocation charts are proposed and
also showcase the impact of the crash on the budget.

8PROJECT PLAN
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