Christopher Parmentier

February 18, 2014

ME 372 Project Management Assignment 3, due by
3pm Feb. 19, 2014
1. Using the project network, develop a resource schedule in the loading
chart that follows. Note: Activities 2, 3, 5, and 6 use two of the
resource skills. Three of the resource skills are available.

Scheduling criteria:
Minimum slack
Smallest duration
Lowest ID number

ID
1
2
3
4

Resourc
es
Needed Dur ES
LF
SL
1
1
0
3
2
2
3
0
3
0
2
4
3
7
0
1
5
3
8
2

5
6

0
9

Tas
k

10

2
2

11

12

3
2

7
10

10
13

0
1

13

Budg
et

24

30

10

64

30

36
Resources
Scheduled
Resources
Available

2
1
2

List the order in which your activities are scheduled:

Task 1
Task 2
Task 3 and Task 4
Task 5
Task 6

What is the schedule slack for 1, 3 and 4?

The scheduled slack for task 1 is 2 days, task 3 is 0 days, and task 4 is 2 days.
Which activities are critical now?
The critical path is the same as it was before.

How has slack changed for each activity?

changed? Why?

Has the risk of being late

The slack has not changed for Task 1 or 2. However task 3 had a change in slack from 3 to 0
days. Task 4 gained 2 days of slack and task 5 no longer has any slack. Task 6 also gained 1
day of slack if we allow the project to be finished on day 13. Changes were due to the limited
amount of resources available each day.
The risk of being late has change because of the same reason. The limited amount of available
leads to a higher risk of being late.

2. Given the time-phased work packages and network,

complete the baseline budget form for the project.

Task
Design
prototyp
e
Build
prototyp
e
Order
parts
Prepare
producti
on
prepare
marketin
g
Assembl
e & test
Launch

ID

Dur

ES

EF

LS

LF

SL

10

11

11

11

11

12

11

12

Time Phased Budget

Week
0
9
Task
Design
prototyp
e
Build
prototyp
e
Order

10
Bud
get
24

11

12

10

e & test

36

Launch

12

2
13

12

10

10

30

Cumulative12

10

64

206

12

30

parts
Prepare
producti
on
prepare
marketi
ng
Assembl

Total

16

10

22

16

12
18

18
12

12

12

10

10

10

27

21

22

22

30

18

12

12

24

34

44

54

81

102

124

146

176

194

206

3. Problems from Economic Analysis book: 2.53, 2.54, 3-3,3-10

a. 2.53 (may be done in Excel, but must be done by hand on a test)

Bonka Toys
500
0

-500
-1000
-1500
-2000
-2500
-3000

b. 2.54 (may be done in Excel, but must be done by hand on a test)

Pine Village Recreation Field

250000
200000
150000
100000
50000
0

-50000
-100000

c. 3.3 (not in Excel)

Total Interest = $5350 - $5000 = 350
350 = P * i * n
350 = 5000 * 0.08 * n
n = 0.875

n= 8
n=

10.5
12

The loan had been outstanding for 10 and a half months.

d. 3.10 (not in Ecel)

n
F = P ( 1+i )

2=1 ( 1+0.04 )n
log(2) = n * log(1.04)

n=

log(2)
log ( 1.04)

n = 17.673
n 18 years
It will take approximately 18 years for an investment to double at 4% compounded annually.