NAME- AKASH TYAGI

ROLL NO.-340649
BATCH-34th
DIVISION- F
OPERATIONS MANAGEMENT
ASSIGNMENT
TITLE- MAKING ECONOMY
CASHLESS
ASSIGNMENT-1

INTRODUCTION

Cashless economy is that in which we do the

transactions using cards or by digital techniques. As
now in India we are making less than 5% transactions
electronically. So to make cashless economy is a very
harder task.
As firstly we have to remove the existing currency
which is flowing in the market right now that will give
two benefits, firstly to make economy cash less and to
remove black money from the economy.
India use much cash for transactions that is highest
in the world. That is 12.42%in the year 2014 as
compared to other countries. So it has many benefits
that we will see in the long run.
 As we all know that this process is currently
going on in the country that was launches by Mr.
Narander modi. His focus is to make economy cash
less, with aim of curbing the black money out from the
flow.
So this assignment become easier as we are
currently going through the situation on which we have
to make process of activities that we will need to make
the economy cash less.

STEPS TO BE TAKEN

Before starting any project the first and foremost things

we do is planning. That involves the procedure or steps
how we are going to accomplish our objective or plans.

So that will ultimately help us to know the critical path

or correct procedure and the time that we are going to
need to complete the project.

IDENTIFICATION OF ACTIVITIES

S.N ACTIVITIES MONT SYMB

O. HS OL
1 Opening of bank 2 A
account who dont have
2 Provide awaeness about 4 B
mobile banking, online
facilities and e-wallets
3 Providing of new plastic 2 C
money as same like ATM
cards
4 Awareness to use that 3 D
plastic money to those
who dont know
5 Launching of new e- 1 E
banking facilities and
make it more safe
6 Provide awareness 2 F
about those facilities
and applications
7 High speed internet 5 G
connectivity to whole
country so the system
go in flow.
8 Distribution of new and 3 H
advanced point of sale
machines to easy sale
and purchase
9 Transaction cost should 1 I
be reduced and easier
to transit.
10 Demonitization and 2 J
destructing old currency
11 Giving enough 50 and 3 K
100 rupees note to meet
day to day requirement
12 Encourage people to use 3 L
non cash transactions
13 Managing all the 6 M
activities related to this
 project till things go in
flow

PRECEDENCE RELATIONSHIP
Precedence relationship means that when a task should
be completed before another task can be started, the
first task is said to have precedence over the other.

Or, it shows that start of the activity depends on the

finish of preceding activity.

SYMB ACTIVITIES PRECEDEN

OL RELATION
IP
A Opening of bank account who dont have -
B Provide awareness about mobile banking, A
online facilities and e-wallets
C Providing of new plastic money as same like A
ATM cards
D Awareness to use that plastic money to A
those who dont know
E Launching of new e-banking facilities and B
make it more safe
F Provide awareness about those facilities and B
applications
G High speed internet connectivity to whole E,F
country so the system go in flow.
H Distribution of new and advanced point of C,D
sale machines to easy sale and purchase
I Transaction cost should be reduced and H
easier to transit
J Demonetization and destructing old G
currency
K Giving enough 50 and 100 rupees note to J
meet day to day requirement
L Encourage people to use non cash J
transactions
M Managing all the activities related to this H,I,K,L
project till things go in flow

METHOD CPM OR PERT

In my assignment I am going to use CPM (critical path

method) because it will help to manage well define
activities of project and it also helps to control both
time and cost. It will also help up to what is the critical
path and what are the critical activities on which we
have to give more focus.

PERT technique is the estimate for three times and CPM

is for one time estimates.

PERT is mainly for events and CPM is for activities and

now we are dealing with activities.
NETWORK DIAGRAM

Paths to complete projects

A-B-F-G-J-L-M= 24 MONTHS (CRITICAL PATH)

A-D-H-I-M = 14 MONTHS
A-B-E-G-J-K-M= 23 MONTHS
ACTIVITIE LATE EARL SLAC
S START Y K
STAR TIME
T
C 12 2 10
D 11 2 9
E 7 6 1
H 14 5 9
I 17 8 9
Slack time formulas

1.late start early start

2.late finish early finish
3.late start- early start- project duration

CONCLUSION
In this assignment we have studied the plans to
complete a project through critical path method by
calculating activities and their time duration. This
concept is very interesting and develop our thinking
skills that will help us to apply those skills to use in
future.