Even if she does not, the car will be a showpiece for the rest of the business. Roberts asked the director of service operations to prepare a report about what is involved in restoring the car and whether it can be done in time for the Detroit show in 45 working days using PERT/CPM. The parts manager, the body shop manager, and the chief mechanic have provided the following estimates of times and activities that need to be done, as well as cost estimates. A. Order all needed material and parts (upholstery, windshield, carburetor, and oil pump). Time: 2 days. Cost (telephone calls and labor): $100. B. Receive upholstery material for seat covers. Cannot be done until order is placed. Time: 30 days. Cost: $2,100. C. Receive windshield. Cannot be done until order is placed. Time: 10 days. Cost: $800. D. Receive carburetor and oil pump. Cannot be done until order is placed. Time: 7 days. Cost: $1,750. E. Remove chrome from body. Can be done immediately. Time: 1 day. Cost: $200. F. Remove body (doors, hood, trunk, and fenders) from frame. Cannot be done until chrome is removed. Time: 1 day. Cost: $300. G. Have fenders repaired by body shop. Cannot be done until body is removed from frame. Time: 4 days. Cost: $1,000. H. Repair doors, trunk, and hood. Cannot be done until body is removed from frame. Time: 6 days. Cost: $1,500. I. Pull engine from chassis. Do after body is removed from frame. Time: 1 day. Cost: $200. J. Remove rust from frame. Do after the engine has been pulled from the chassis. Time: 3 days. Cost $900. K. Regrind engine valves. Do after the engine has been pulled from the chassis. Time: 5 days. Cost: $1,000. L. Replace carburetor and oil pump. Do after engine has been pulled from chassis and after carburetor and oil pump have been received. Time: 1 day. Cost: $200. M. Rechrome the chrome parts. Chrome must have been removed from the body first. Time: 3 days. Cost: $210. N. Reinstall engine. Do after valves are reground and carburetor and oil pump have been installed. Time: 1 day. Cost: $200. O. Put doors, hood, and trunk back on frame. The doors, hood, and trunk must have been repaired first. The frame must have had its rust removed first. Time: 1 day. Cost: $240. P. Rebuild transmission and replace brakes. Do so after the engine has been reinstalled and the doors, hood, and trunk are back on the frame. Time: 4 days. Cost: $2,000. Q. Replace windshield. Windshield must have been received. Time: 1 day. Cost: $100. R. Put fenders back on. The fenders must have been repaired first, the transmission rebuilt, and the brakes replaced. Time: 1 day. Cost: $100. S. Paint car. Cannot be done until the fenders are back on and windshield replaced. Time: 4 days. Cost: $1,700. T. Reupholster interior of car. Must have received upholstery material first. Car must have been painted first. Time: 7 days. Cost: $2,400. U. Put chrome parts back on. Car must have been painted and chrome parts rechromed first. Time: 1 day. Cost: $100. V. Pull car to the Detroit Auto Show. Must have completed reupholstery of interior and have put the chrome parts back on. Time: 2 days. Cost: $1,000. Roberts has already spent $50,000 to acquire the car. The total budget cannot exceed $70,000 including the $50,000 Roberts has already spent. In addition, Roberts cannot spend more than $3,600 in any week given her present financial position. Even though much of the work will be done by Roberts’s own employees, labor and materials costs must be considered. All relevant costs have been included in the cost estimates.4 Questions Using the information provided, prepare below issues, assuming that the project will begin immediately. Assume 45 working days are available to complete the project, including transporting the car to Detroit before the auto show begins. A. Construct a table containing the project activities using the letter assigned to each activity, the time estimates, and the precedence relationships from which you will assemble the network diagram. B. Draw a network diagram of the project. C. Prepare a project budget showing the cost of each activity and the total for the project.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Even if she does not, the car will be a showpiece for the rest of the business. Roberts asked the director of service operations to prepare a report about what is involved in restoring the car and whether it can be done in time for the Detroit show in 45 working days using PERT/CPM. The parts manager, the body shop manager, and the chief mechanic have provided the following estimates of times and activities that need to be done, as well as cost estimates. A. Order all needed material and parts (upholstery, windshield, carburetor, and oil pump). Time: 2 days. Cost (telephone calls and labor): $100. B. Receive upholstery material for seat covers. Cannot be done until order is placed. Time: 30 days. Cost: $2,100. C. Receive windshield. Cannot be done until order is placed. Time: 10 days. Cost: $800. D. Receive carburetor and oil pump. Cannot be done until order is placed. Time: 7 days. Cost: $1,750. E. Remove chrome from body. Can be done immediately. Time: 1 day. Cost: $200. F. Remove body (doors, hood, trunk, and fenders) from frame. Cannot be done until chrome is removed. Time: 1 day. Cost: $300. G. Have fenders repaired by body shop. Cannot be done until body is removed from frame. Time: 4 days. Cost: $1,000. H. Repair doors, trunk, and hood. Cannot be done until body is removed from frame. Time: 6 days. Cost: $1,500. I. Pull engine from chassis. Do after body is removed from frame. Time: 1 day. Cost: $200. J. Remove rust from frame. Do after the engine has been pulled from the chassis. Time: 3 days. Cost $900. K. Regrind engine valves. Do after the engine has been pulled from the chassis. Time: 5 days. Cost: $1,000. L. Replace carburetor and oil pump. Do after engine has been pulled from chassis and after carburetor and oil pump have been received. Time: 1 day. Cost: $200. M. Rechrome the chrome parts. Chrome must have been removed from the body first. Time: 3 days. Cost: $210. N. Reinstall engine. Do after valves are reground and carburetor and oil pump have been installed. Time: 1 day. Cost: $200. O. Put doors, hood, and trunk back on frame. The doors, hood, and trunk must have been repaired first. The frame must have had its rust removed first. Time: 1 day. Cost: $240. P. Rebuild transmission and replace brakes. Do so after the engine has been reinstalled and the doors, hood, and trunk are back on the frame. Time: 4 days. Cost: $2,000. Q. Replace windshield. Windshield must have been received. Time: 1 day. Cost: $100. R. Put fenders back on. The fenders must have been repaired first, the transmission rebuilt, and the brakes replaced. Time: 1 day. Cost: $100. S. Paint car. Cannot be done until the fenders are back on and windshield replaced. Time: 4 days. Cost: $1,700. T. Reupholster interior of car. Must have received upholstery material first. Car must have been painted first. Time: 7 days. Cost: $2,400. U. Put chrome parts back on. Car must have been painted and chrome parts rechromed first. Time: 1 day. Cost: $100. V. Pull car to the Detroit Auto Show. Must have completed reupholstery of interior and have put the chrome parts back on. Time: 2 days. Cost: $1,000. Roberts has already spent $50,000 to acquire the car. The total budget cannot exceed $70,000 including the $50,000 Roberts has already spent. In addition, Roberts cannot spend more than $3,600 in any week given her present financial position. Even though much of the work will be done by Roberts’s own employees, labor and materials costs must be considered. All relevant costs have been included in the cost estimates.4 Questions Using the information provided, prepare below issues, assuming that the project will begin immediately. Assume 45 working days are available to complete the project, including transporting the car to Detroit before the auto show begins. A. Construct a table containing the project activities using the letter assigned to each activity, the time estimates, and the precedence relationships from which you will assemble the network diagram. B. Draw a network diagram of the project. C. Prepare a project budget showing the cost of each activity and the total for the project.
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