Define project management and the necessary requirements

Assignment Help Accounting Basics
Reference no: EM132185038

Question: McGee Carpet and Trim installs carpets in commercial offices. Andrea McGee has been very concerned with the amount of time it took to complete several recent jobs. Some of her workers are very unreliable. A list of activities and their optimistic completion time, the most likely completion time, and the pessimistic completion time (all in days) for a new contract are provided in a given table. Following are the activities that are required to install the carpets in the offices:

• Activity 1: Measure office room dimensions

• Activity 2: Estimate cost

• Activity 3: Material requisition

• Activity 4: Workforce requisition

• Activity 5: Special tool requisition

• Activity 6: Installation

• Activity 7: Inspection and customer acceptance

Activity 2 starts immediately after Activity 1. Activity 3, Activity 4, and Activity 5 start concurrently after Activity 2. Activity 6 does not start until after Activity 3, Activity 4, and Activity 5 are completed. The carpet installation project is complete after Activity 7 is completed. If OT = Optimistic Time, MT = Most Likely Time, and PT = Pessimistic Time, use a Program Evaluation Review Estimate (PERT) to compute the statistical time for each activity, as in the following table:





Activity 1




Activity 2




Activity 3




Activity 4




Activity 5




Activity 6




Activity 7




You must also do the following:

• Determine the expected completion time and the variance for each activity

• Determine the total project completion time and the critical path for the project

• Determine Early Start (ES), Early Finish (EF), Late Start (LS), and slack for each activity

• What is the probability that McGee Carpet and Trim will finish the project in 40 days or less?

• Define project management and the necessary requirements.

• Analyze implications of changes in project scheduling.

• Evaluate application of project management techniques in terms of the firm's business operational goals and requirements.

Please submit your assignment in an APA-formatted paper.

Submitting your assignment in APA format means, at a minimum, you will need the following:

• Title page: Remember the running head. The title should be in all capitals.

• Body: The body of your paper begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The type face should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 2-3 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.

• Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper- and lowercase usage as appropriate for the type of resource used. Remember, the Reference Page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.

Your assignment will be graded in accordance with the following criteria. Click here to view the grading rubric.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Reference no: EM132185038

Information about intermediate accounting

Prepare any journal entries you consider necessary, including year-end entries (December 31), assuming these are available-for-sale securities.

Calculate depreciation expense and book value

On January 1, 2009, Boston Company purchased a heavy duty machine having an invoice price of $13,000; Boston paid transportation and installation costs totaling $3,000. The

Funds for printing needs

To fulfill the printing needs of its various departments and agencies, the City has established a Central Print Shop, which bills the various departments and agencies of the

Consolidated net operating losses and consolidated tax

Imagine that a client is pursuing the acquisition of Corporation A that has a substantial net operating loss. Corporation B is a member of the controlled group and is curren

Some high-level planning during your project initiation

Discussion Question 1: The initiating process is the formal beginning of a new project. As the project manager for the Ground Control System Project, what would you need to

Problem on total variable maintenance cost

At an activity level of 7,900 machine-hours in a month, Manchester Corporation's total variable maintenance cost is $430,550 and its total fixed maintenance cost is $417,120

Show the purchase of the insurance policy

On June 1, 2013, Cole Corporation paid $8,400 to purchase a 24 month insurance policy. Assume that Cole records the purchase as an asset and that the books are closed on Decem

What sales are needed by cunningham to break even

Cunningham, Inc. sells MP3 players for $60 each. Variable costs are $40 per unit, and fixed costs total $60,000. What sales are needed by Cunningham to break even?


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd