Examine the costing implications of activity time variance

Reference no: EM132220172 , Length: word count:600

ASSIGNMENT - Project Resourcing

Address the following:

Part 1 - Activity timings and resourcing

The activities for the Prototype Build Phase of the Drone development project are:

Prototype Build Phase Activity	Follows	Staff Level*	Optimistic time (ta)	Most likely time (tm)	Pessimistic time (tb)
A: Drone Frame	-	1	5	8	13
B: Electronics assembly	A	2	6	11	15
C: Motor testing	A	1	7	10	13
D: Mounting the motors	C	2	2	3	6
E: ESS Elec speed control	B, D	1	4	7	12
F: Flight controller	C	2	4	6	9
G: Integration with GPS	E, F	1	3	5	7
H: Hovering algorithms	E, F	1	5	8	14
I: Intelligence gathering paths	E,F	2	4	7	11
J: Ready for field trails	G, H, I	-	-	-	-

*Note: Materials are half of labour costs; equipment costs a quarter and transport an eigth.

Examine the tables with project path/ activity data provided below. You are asked to review a 'sub-project' that comprises three paths Path A, Path B and Path C where A, B and C are the last 3 digits (non-zero, non-repeating) of your student id:

Path Routings
Path 1	Path 2	Path 3	Path 4	Path 5
A-B-E-G-J	A-C-D-E-G-J	A-C-F-G-J	A-B-E-H-J	A-C-D-E-H-J
Path 6	Path 7	Path 8	Path 9
A-C-F-H-J	A-B-E-I-J	A-C-D-E-I-J	A-C-F-I-J

a) Demonstrate that you can establish priorities and plan projects using PERT charts and Gantt charts - examine the activity timings (in days) and dependencies of your sub-project using the project planning technique of CPM.

b) Assess how likely it is that the sub-project will be completed in 32 days?

Part 2 - Project costings

a) Examine (tabulate and discuss) the costing implications of activity time variance -consider Work Package costings and the overall Prototype Build Phase budget given a labour rate of E150/day.

b) Discuss briefly your ideas on organising the project (its resources etc..).

Part 3 - Project financials

a) Given that the workshop to support this business activity will incur Fixed Costs of £1.25 Million which is a negative Cash Flow in Year 0 - calculate the yearly Cash Flows during Years 1 - 5 (preferably tabulated) given that yearly net incomes (after deducting costs) will be £4MN,000 annually (where MN are the last two digits of your student id).

b) Examine the cash flow profile for the project and calculate the Payback Period and ROI (Return on Investment). Comment on these results and demonstrate how the forecast might be revised to make it more acceptable.

c) How worthwhile is this project if you take into account the 'Time Effect of Money' (10% discount factor)?

Note - Just need part 2 - 500 words for b and around a 100 - 200 for a, as it's just commenting on the results.

Attachment:- Assignment Files.rar

Reference no: EM132220172

Questions Cloud

Distribution center carry to provide desired service level : How many fishing rods should the distribution center carry to provide the desired service level?

Examples of successful application of social media : Describe examples of successful application of social media for business purposes and why its significant?

Integration of the supply chain management : How will the end user or consumer benefit from integration of the supply chain management. Use the Internet to research company that has successfully

Conduct research-existentialism claims you must address : Use the Internet to identify three to five "life" questions that existentialism claims you must address.

Examine the costing implications of activity time variance : Examine (tabulate and discuss) the costing implications of activity time variance -consider Work Package costings

Discuss the type of liquidation that was called for each : Highlight some of the corporate governance issues that contributed to each company's collapse. Discuss the type of liquidation that was called for each.

Illustrate a workplace situation that you experienced : Provide an example of a recent workplace situation you experienced where the outcome was directly related to the leadership theory applied.

Describe charismatic leadership in your own words : Why is charismatic leadership considered a double-edged sword that requires careful monitoring to avert abuse?

Illustrate how xerox shows it values workplace diversity : What are the seven reasons why Xerox should be motivated to diversify its workforce? Illustrate how Xerox shows it values workplace diversity.

Reviews

len2220172

1/21/2019 4:57:19 AM

Words Count: 600. I just need part 2 - 500 for part b and around a 100 - 200 for a) as it's just commenting on the results. I am sending my attempt anyway maybe it will help you. Ignore the second 'staff' column I misread the question. Please read both questions carefully.

1/21/2019 4:57:14 AM

In Part 1 you are asked to examine project timings and dependencies for the prototype build phase of a Drone (unmanned aerial vehicle) as well as resourcing requirements. Part 2 addresses project costing per Work Package. Part 3 concerns innovation and Product Development and the commercial aspects. Writing Guidance - Write formally (avoid the use of 'I' or 'we') utilising Business and Management theory to make proposals based on the course materials and wider reading - from academic sources. To assist you with your coursework preparation refer to the Marking Guidelines provided on the final page.

Write a Review

Required(*) Message

User Account

All Pages