PROJECT MANAGEMENT(LL)W/CONNECT
7th Edition
ISBN: 9781260421415
Author: Larson
Publisher: MCG
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Textbook Question
Chapter 5, Problem 2E
Mrs. Tolstoy and her husband, Serge, are planning their dream house. The lot for the house sits high on a hill with a beautiful view of the Appalachian Mountains. The plans show the size of the house to be 2,900 square feet. The average price for a lot and house similar to this one has been $120 per square foot. Fortunately, Serge is a retired plumber and feels he can save money by installing the plumbing himself. Mrs. Tolstoy feels she can take care of the interior decorating.
The following average cost information is available from a local bank that makes loans to local contractors and dispenses progress payments to contractors when specific tasks are verified as complete.
24% Excavation and framing complete
Roof and fireplace complete
Wiring roughed in
Plumbing roughed in
Siding on
17% Windows, insulation, walks, plaster, and garage complete
Furnace installed
Plumbing fixtures installed
10% Exterior paint, light fixtures installed, finish hardware installed
Carpet and trim installed
Interior decorating
Floors laid and finished
a. What is the estimated cost for the Tolstoys’ house if they use contractors to complete all of the house?
b. Estimate what the cost of the house would be if the Tolstoys’ use their talents to do some of the work themselves.
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REPORT WRITING
Cover page -
Table of contents
Executive summary
Introduction
Conclusion
References
Appendix
11
Question 1
Ivan Institute has secured funds to construct an oval-like lecture
hall at their new campus at a cost of 3 million United States Dollar
As a consultant of the project, you have a mandate
to package the project for the most qualified contractor.
Carry out the procurement process from advertisement to award
ப
Question 2
Your company has been awarded a contract to erect 124 pylons for an
electricity company. The table below shows the sequential activities
involved in the construction of each pylon together with the estimated
labour hours and optimum number of operatives for each activity. The
handover rate specified is six pylons per week and this can be taken as the
target rate of build. Prepare a line of balance schedule assuming that each
gang works at its natural rate. State clearly the contract duration. Assume
a five-day working week, eight hours per day, and a minimum buffer time
of two days
Activity Description
Labour-hours Optimum number of
operatives per activity
55
A
Excavate
4
B
Concrete foundations
64
4
145
C
Erect tower
D
Fix cantilever cable arms
90
E
Fix insulators
25
885
Chapter 5 Solutions
PROJECT MANAGEMENT(LL)W/CONNECT
Ch. 5.1A - How many labor hours should the eighth satellite...Ch. 5.1A - How many labor hours for the whole project of...Ch. 5.1A - What price would you ask for the project? Why?Ch. 5.1A - Midway through the project your design and...Ch. 5.1A - Near the end of the project, Deutsch Telefon AG...Ch. 5 - Why are accurate estimates critical to effective...Ch. 5 - Prob. 2RQCh. 5 - Prob. 3RQCh. 5 - What are the major types of costs? Which costs are...Ch. 5 - Why is it difficult to estimate mega project...
Ch. 5 - Define what a white elephant is in project...Ch. 5 - Calculate the direct cost of labor tor a project...Ch. 5 - Mrs. Tolstoy and her husband, Serge, are planning...Ch. 5 - Exercise Figure 5.1 is a project WBS with cost...Ch. 5 - Firewall Project XT. Using the complexity...Ch. 5 - At this point, what would you do if you were the...Ch. 5 - Prob. 5.1.2CCh. 5 - What estimating techniques should be used for a...Ch. 5 - Assume you are either Mike or Josh; how would you...Ch. 5 - Prob. 5.2.2CCh. 5 - After cost, what other factors should be...
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