Question

In: Operations Management

Make up an Integrated Project Schedule for a car. (preferably electric car)

Make up an Integrated Project Schedule for a car. (preferably electric car)

Solutions

Expert Solution

Introduction-

India is placed among top 10 automotive markets in th world. Due to the rising consumption the oil and petrol resources are slowly and gradually decreasing thus resulting in higher prices of the fuels and also focusing our attention to the atlernative option that are efficient to use without charging much so the shift of focus is towards the electric cars which need charging in order to run.

Thus the following component must be included in the integrated project schedule of a car-

a) Planning of project schedule- Under this we need to define the policies procedure and required documentation regarding the project schedule of an electric car all these will help in managing the project schedule effectively and efficiently it further includes the following.

  • Contingencies need to be calculated no matter how ever big they are.
  • checking over the availability of the resources.
  • the project schedule need to be approved and distribued among the concerned individuals.

b) Defining activities - It refers to identifying and specifying the activities that are required to be performed in order to carry out the project. The main advantage of this step is to breakdown the activities that provides a basis for estimating, scheduling, monitoring executing etc

It must includes the following-

  • The task need to be broken down in order to know the reliable estimates.
  • Each deliverable must have clearly defined its task in place, in order to produce it.
  • The task should be assigned to a single responsible person in order to avoid confusion.
  • the pre defined cost account if any need to be used.

c) Sequencing activities - After the task has been broken down then the relationship between them need to be determined It doesnot always happen that the completion of one task will result in the start of another task only after its copletion.

It includes four types of dependencies-

  • Finish to start- under which another task cannot be started until the completion of the first one.
  • Finish to finish- under this relationship the second task cannot be finish until the completion of first task.
  • Start to start- Here the second task cannot be started until the first task starts.
  • Start to finish- Here under this task second cannot be finish until the first task starts.

d) Estimate the activity resouces- In this we need to make an estimate of the required activity resouces which mostly includes, human resources i.e labour and other staff,tools equipment and machinery,facilities, fixed cost etc and the characteristics of the resources required for the completion of the activity which provide with more accurate cost and duration estimates.

It includes-

  • Analogous estimating- under this the actual data is compared with the previous similar or related data.
  • Parametric estimating - under this the project is break down into units that are well known an understand unit rates.
  • When you have no real data to go from the highest possible to the lowest possible estimates.

e)Estimate activity duration - It refers to the tie involved in carrying out each activity involved in the process thus helps in estimating the total duration of the whole project the main advantage of this step is to measure the duration of each single activity involved in the process.

f) Develop Schedule- Under this step the most effective schedule is developed for the project in which the official start and end date is estimated for each defined task. Issues that arises within those task are dealth on the priority basis


Related Solutions

Make up an example of a monthly demand schedule for pizza. . Give an example of...
Make up an example of a monthly demand schedule for pizza. . Give an example of something that would shift this demand curve, and briefly explain your reasoning. Would a change in the price of pizza shift this demand curve?
Make up an example of a monthly demand schedule for pizza. . Give an example of...
Make up an example of a monthly demand schedule for pizza. . Give an example of something that would shift this demand curve, and briefly explain your reasoning. Would a change in the price of pizza shift this demand curve?
make up a physics problem that Regards Electric field from point charge and solve it make...
make up a physics problem that Regards Electric field from point charge and solve it make up numbers and show all equations used
Just Make up a project Pick a project with which you are familiar. It could be...
Just Make up a project Pick a project with which you are familiar. It could be the project you described in Chapter 1 or any other project. Briefly describe the project. Once you have provided an overview of the project develop a project scope statement. As described in the textbook, a project scope statement should contain the following items: Project objective Deliverables Milestones Technical requirements Limits and exclusions
An electric car enthusiast wants to buy an electric car! He tests two of his favorite...
An electric car enthusiast wants to buy an electric car! He tests two of his favorite brands with an adequate nominal range to see which one is more consistent in terms of mile per charge on a full charge! He tests a sample of 10 cars of brand A and 11 cars of brand B with the following results (mile per charge): A: 371 369 388 375 359 382 370 365 381 376 (s = 8.618, x_bar = 373.600) B:...
In this project, we will make up a banking system. You are an employee of MadeUp...
In this project, we will make up a banking system. You are an employee of MadeUp Banking. Your job is to manage multiple bank accounts. Here, you would create new accounts, deposit to an account, withdraw from an account, delete account, sort the accounts, or do inspection on one or all bank accounts. In order to do this job, you would need the tool for each of those items. The bank maintains a list of accounts. This list has to...
Johnson, Schaub and Shiffler, Inc., has the following estimates for its electric car roadster project: price...
Johnson, Schaub and Shiffler, Inc., has the following estimates for its electric car roadster project: price = $140,000 per unit; variable costs = $75,000 per unit; fixed costs = $62,000,000; quantity = 2,700 units. Suppose the company believes all of its estimates are accurate only to within ±15 percent. Enter the values the company should use for the four variables given here when it performs its base-, best-, and worst-case scenario analysis
b. Charge Car P/L is considering a project to launch charging stations for electric cars around...
b. Charge Car P/L is considering a project to launch charging stations for electric cars around Australia. The initial investment is expected to be $100,000,000 and the term of the project is 6 years. The required rate of return from the project is 14% p.a. The annual cash flows are outlined in the following table: End of year Cash flow p.a. ($m) Year 1 20 Year 2 22 Year 3 25 Year 4 30 Year 5 34 Year 6 37...
Charge Car P/L is considering a project to launch charging stations for electric cars around Australia....
Charge Car P/L is considering a project to launch charging stations for electric cars around Australia. The initial investment is expected to be $100,000,000 and the term of the project is 6 years. The required rate of return from the project is 14% p.a. The annual cash flows are outlined in the following table: End of year Cash flow p.a. ($m)       Year 1 20 Year 2 22 Year 3 25 Year 4 30 Year 5 34 Year 6 37...
How the time management: Project Schedule, Schedule Monitoring, and Approval of Schedule Changes be used in...
How the time management: Project Schedule, Schedule Monitoring, and Approval of Schedule Changes be used in the real project management?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT