Risk Management

• Schedule Compression and Resource Leveling (100 points)
• This assignment consists of 3 parts: questions about resourcing projects, schedule development and compression, and resource leveling.
• Part 1 Questions (20 points)
• Provide responses to the following questions
• 1.    What is the purpose of a staffing management plan?  What does it address?
• 2.    Whom should the project manager consult when performing resource leveling?
• 3.    Describe the two primary techniques for compressing a schedule?
• 4.    When crashing a project schedule, describe the two criteria that are considered when considering which activities will be sped up.
• Part 2 Project network/schedule -scheduling and compressing a schedule (30 points)
• You’ve been asked to manage a project that includes conducting a two-week (10 working days) computer training class. Using the information in Table below, complete the following:
• Activity
• Immediate Predecessor
• Normal Time (days)
• Normal Cost
• Crashed Time (days)
• Crashed Cost
• A – Obtain Instructor
• None
• 7
• $500
• 4
• $800
• B – Locate Room
• A
• 3
• $200
• 2
• $350
• C – Check Coats
• None
• 6
• $500
• 4
• $900
• D – Room Open?
• C
• 3
• $200
• 1
• $500
• E – Schedule Class
• B and D
• 2
• $300
• 1
• $350
• Prepare a network schedule showing:
• Early Starts (ES) for all activities
• Late Starts (LS) for all activities
• Slacks for all activities
• Critical path and its length
• Non-critical paths and their length
• Schedule Compression:
• What is the crash cost per day for each activity?
• Which activities should be crashed to meet a project deadline of 10 days with a minimum cost? You may assume that you can partially crash an activity.
• What is the new cost after crashing the project?
• Fully crash the project to its minimum duration.  Prepare a table that shows (for each day the project length is reduced) the project duration, the activities that are crashed, the incremental crash cost, and the total crash cost.
• Part 3 Resource Leveling (40 points)
• Using the data below
• Activity ID
• Activity
• Immediate Predecessor
• Duration in days
• Resource
• Work Hours per Day
• A
• Evaluate freezers
• 2
• Alcides
• 6
• B
• Chart temperatures
• 6
• Joan
• 4
• C
• Review service record
• 2
• Alcides
• D
• Consult with HVAC engineer
• A, B, C
• 3
• Alcides
• E
• Develop construction plan
• D
• 10
• Joan
• F
• Complete IC assignment
• E
• 2
• Alcides
• G
• Complete ROI analysis
• E
• 5
• Joan
• H
• Conduct regulatory review
• E
• 4
• Joan
• I
• Obtain construction approval
• F, G, H
• 2
• Alcides
• a.    Create a project schedule in MS Excel ensuring that it reflects the predecessor/successor relationships identified in the table.
• b.    How long will it take to complete the project?
• c.    Joan and Alcides are not fully dedicated to the project.  Joan is only available for 4 hours each day, and Alcides is available for 6 hours per day.  The original estimated duration (in 8-hour days) results in over-allocation of Joan and Alcides.  Prepare a resource-leveled project schedule in MS Excel.  How long will it take to complete the proje