Reference no: EM131923392
PRTI is a company whose primary business' focus is on upgrading servers for manufacturing companies. The company has a thorough knowledge of all aspects of its business, and a structured approach to manage this type of project, as shown below.
There are some indirect costs for the project, estimated on a daily basis: the first 30 days have indirect costs of $500/day, and all subsequent days $800/day.
|
below. Task
|
Code
|
Immediate Predecessor
|
Normal
Time
(days)
|
Crash
Time
(days)
|
Normal Cost
(x100)
|
Crash Cost
(x100)
|
|
Review system requirements for upgrade
|
A
|
None
|
3
|
2
|
$5
|
$20
|
|
Plan for clients
|
B
|
A
|
2
|
1
|
$2
|
$5
|
|
Gather information about your Project Server 2016 environment
|
C
|
A
|
2
|
---
|
$12
|
---
|
|
Plan to upgrade customizations
|
D
|
B & C
|
2
|
1
|
$28
|
$40
|
|
Prepare your environment for upgrade
|
E
|
D
|
9
|
6
|
$30
|
$90
|
|
Upgrade your databases and Project Web App site collections
|
F
|
E
|
4
|
2
|
$17
|
$34
|
|
Consolidate your Project Server 2016 databases to a Project Services database
|
G
|
F
|
2
|
1
|
$30
|
$32
|
|
Attach the Project Services database to the web application
|
H
|
G
|
3
|
1
|
$2
|
$4
|
|
Check your Project Services database for errors that can cause upgrade to fail
|
I
|
F
|
1
|
---
|
$2
|
---
|
|
Upgrade the Project Services database
|
J
|
I
|
8
|
5
|
$4
|
$16
|
|
Mount the Project Web App instance
|
K
|
H & J
|
1
|
---
|
$8
|
---
|
|
Check the Project Web App instance for issues that can cause upgrade to fail
|
L
|
K
|
2
|
---
|
$12
|
---
|
|
Upgrade the Project Web App instance
|
M
|
L
|
2
|
1
|
$34
|
$38
|
a) If the company requires a markup of 25%, what should be the total price charged for a normal [standard] project?
b) Examine and discuss PRTI's decision to propose a potential client to upgrade its server for a total amount of $50,000, completed in 31 days.
c) A key member of the project, recommended to the project manager to study the uncertainties exhibited in prior similar projects.
The project management gathered the information and found that the duration of six of the tasks could be modeled as Beta distributions.
Based on the following information (without "crushing"), what is the probability that a project could be completed between 30 and 38 days?
|
Activity
|
Normal Time
(days)
|
|
Optimist
|
Most Likely
|
Pessimist
|
|
Review system requirements for upgrade
|
1
|
3
|
5
|
|
Plan to upgrade customizations
|
1
|
2
|
4
|
|
Prepare your environment for upgrade
|
5
|
9
|
14
|
|
Check your Project Services database for errors that can cause upgrade to fail
|
0.5
|
1
|
2
|
|
Upgrade the Project Services database
|
5
|
8
|
12
|
|
Mount the Project Web App instance
|
0.5
|
1
|
1.5
|