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Managing Hard Rock’s Rockfest
At the Hard Rock Cafe, like many organizations, project management is a key planning tool. With Hard Rock’s constant growth in hotels and cafes, remodeling of existing cafes,
activities. For the first 3 months, Tomasso updates his Microsoft Project charts monthly. Then at the 6-month mark, he updates his progress weekly. At the 9-month mark, he checks and corrects his schedule twice a week.
Early in the project management process, Tomasso identifies 10 major tasks (called level-2 activities in a work breakdown structure, or WBS):† talent booking, ticketing, marketing/PR, online promotion, television, show production, travel, sponsorships, operations, and merchandising. Using a WBS, each of these is further divided into a series of subtasks. Table 3.8 identifies 26 of the major activities and subactivities, their immediate predecessors, and time estimates. Tomasso enters all these into the Microsoft Project software.‡ Tomasso alters the Microsoft Project document and the time line as the
“Without Microsoft Project." says Hard Rock Vice-President Chris Tomasso, “there is no way to keep so many people on the same page.” Tomasso is in charge of the Rockfest event, which is attended by well over 100,000 enthusiastic fans. The challenge is pulling it off within a tight 9-month planning horizon. As the event approaches, Tomasso devotes greater energy to its project progresses. “It’s okay to change it as long as you keep on track." he states.
The day of the rock concert itself is not the end of the project planning. “It’s nothing but surprises. A band not being able to get to the venue because of traffic jams is a surprise, but an ‘anticipated’ surprise. We had a helicopter on stand-by ready to fly the hand in," says Tomasso.
On completion of Rockfest in July. Tomasso and his team have a 3-month reprieve before starting the project planning process again.
†The level-1 activity is the Rockfest concert itself
‡There are actually 127 activities used by Tomasso; the list is abbreviated for this ease study.
TABLE 3.8 Some of the Major Activites and Subactivities in the Rockfest plan
2. Which activities have a slack time of 8 weeks or more?
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Chapter 3 Solutions
PRIN.OF OPERATIONS MANAGEMENT-MYOMLAB
- Project Duration= Planning on spending per month Project Budget (BAC) Percent complete per month Performance Analysis % Complete Planned Value (PV) Actual Cost (AC) Earned Value (EV) Schedule Variance (SV) Schedule Performance Index (SPI) Cost Variance (CV) Cost Performance Index (CPI) Estimate at Completion (EAC) Estimate to Complete (ETC) Variance at Completion (VAC) 5 months $300,000.00 $1,500,000.00 Month 1 20% 20% of work completed 15% of work completed Spent additional $110,000 Month 2 Instructions: Utilizing the EVM cheat sheet provided by the instructor, complete the calculations i formulas and functions to attain your answers. Please do not simply plug in numbers. This exerci ability to use Excel. Finally, answer the questions below to explain your answers. Question 1: What do your SV numbers tell you about the project schedule and how? Answer 1: Question 2: What do your SPI numbers tell you about the project schedule and how? Answer 2:arrow_forwardDo not use chatgpt.arrow_forwardWith the use of examples, can you explain the working of the triple constraints of project managementarrow_forward
- Project initial schedule Create a Gantt chart and PERT chart using the project plan details provided. Choose a software tool of your preference options like Microsoft Project, Trello, and Gantt Project.arrow_forwardevents. Ities can have the same tail I.Compute critical path and total time to complete for the following project. • Activity: 1-2 1-3 2-3 2-5 3-4 3-6 4-5 4-6 5-6 6-7 Duration: (Weeks) 15 15 3 5 8 | 14 12 14 3 14arrow_forward(a) What is Work Breakdown Structure (WBS)? Explain in light of a building construction project while clearly give emphasis on task, duration and resources. (b) Explain the five different proformas of Planning Commission of Pakistan used in project life cycle phases. (c) Explain the following. 1. Present worth analysis 2. Effective interest rate . please solve this perfectly. subject: : Project Planning, Management & Engineering Economics 3. Project life cyclearrow_forward
- Explain: a) a project plan 4 marks b) a project charter 4 marks c) Work Breakdown structurearrow_forwardIMPORTANT NOTE: All Project Management Questions are from the same Project. You only need to solve the project one time. The CEO of Carol O'Lights Manufacturing, produces custom-built relay devices for auto makers. The most recent project undertaken by Ms. O'Lights requires 11 different activities. The activities necessary to build an experimental relay model and related data are given in the following table. What is the Early Start on Activity G?arrow_forwardWhen will the project be completed?arrow_forward
- 1.Steps in Project Scope Management process 2. Define Scope Planning 3. Purpose of Scope Definitionarrow_forwardNeed help with problem 2arrow_forwardI'm having trouble creating a project network diagram. I don't understand calculating the time and total slack for each activity using forward pass and backward pass. Please explain how to draw and calculate a project network diagram.arrow_forward
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