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Case Study Report Project Management Analysis in The Internet Forecasting Industry

This case study report analyzes project management for an internet forecasting project. It finds that under normal conditions, the estimated completion time is 39.16 weeks. The probability of completing the project within the 35 week deadline is calculated to be 1.51 standard deviations, or approximately 13%. Crashing the project by reducing the durations of 5 critical tasks could reduce the completion time to 35 weeks, but would increase costs by $41,214.29. Increasing the time for one non-critical task would not impact the crashing solution.

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1K views4 pages

Case Study Report Project Management Analysis in The Internet Forecasting Industry

This case study report analyzes project management for an internet forecasting project. It finds that under normal conditions, the estimated completion time is 39.16 weeks. The probability of completing the project within the 35 week deadline is calculated to be 1.51 standard deviations, or approximately 13%. Crashing the project by reducing the durations of 5 critical tasks could reduce the completion time to 35 weeks, but would increase costs by $41,214.29. Increasing the time for one non-critical task would not impact the crashing solution.

Uploaded by

1032200046
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Case Study Report - Project Management Analysis in the Internet Forecasting Industry

Case Study Report Project Management Analysis in the


Internet Forecasting Industry

Sachin Kadam

Activity Task:
1. What is the estimated completion time of this project under normal conditions?
2. What is the probability that the project could be completed within the deadline of 35
weeks (normal conditions)?
Case Study Report - Project Management Analysis in the Internet Forecasting Industry

Completion Time:

The critical path, once all the weeks have been calculated, total to a budgeted completion time of
A+C+D+E+H+J+K= 3 + 6.33 + 8.33 + 8.83+ 4.17 + 5.5 + 3= 39.16 weeks.

Estimated Budget:
Case Study Report - Project Management Analysis in the Internet Forecasting Industry

The estimated total costs for the budget are $205,000.

Probability of Completion in 35 Weeks.

Sum of Critical Path Variances = 7.64 (rounded up)

Z= (36-39.16) / sqr
Case Study Report - Project Management Analysis in the Internet Forecasting Industry

7.64= -1.51

The probability that the project can be completed in 35 weeks is -1.51.

Additional Cost to reduce the Project time to 35 weeks: $41,214.29. The specific tasks to crash to
achieve this milestone are: C – 0.67 weeks; D – 2.33 weeks; F – 1 week; H – 0.17 weeks; K – 1 week

No Impact - Because of how high the slack time is for task B (see table below), increasing the
expected time from seven weeks to nine weeks will have no impact on the crashing solution.

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