MM305 Unit 8: Project Management - Discussion

Discussion Best Practices

For this Discussion you will write an essay to address the requirements described below. Your essay must be carefully planned and written using well-constructed sentences and paragraphs. Make sure that your grammar and spelling are correct. Points will be awarded for content as well as composition. Your essay must be a minimum of 1 page in length with standard 1 inch margins and include the textbook as a resource. Read this resource from the KU Writing Center on how to you cite your sources in APA format:https://kucampus.kaplan.edu/MyStudies/AcademicSupportCenter/WritingCenter/WritingReferenceLibrary/ResearchCitationAndPlagiarism/BasicCitationGuidelines.aspx

Assignments must be submitted as a Microsoft® Word® document and as an attachment or in your post to the Unit 8 Discussion Forum. 

Project Management

Scenario: You are a consultant with expertise in project management strategies. Select a possible project management situation from your current or future professional experience. As a project management consultant, you are tasked with developing a project management plan for this project. Your goal is to maximize the time, resources and finances associated with the project in the best interests of the business/company. You will need to write a professional memo to the business/company owner describing the management of the project.

Your essay should include:

1. Create the PERT/CPM activity network for your project that includes at least five activities and at least one predecessor activity.
2. Estimate the optimistic, most likely, and pessimistic times to then determine an expected time for each activity.
3. Determine all activities that are on the critical path.
4. Identify the slack time (if any) associated with activities in the project.
5. Create a Gantt chart to show the project timeline.

Address the following questions in your essay:

• What is the overall timeline for this project?
• What activities are critical for established timeline of the project?
• What activities have flexibility in completion that would not impact the overall project timeline?
• What time, resources and money might be affected by any changes to activities throughout the project?
• What recommendations would you suggest to prioritize the company’s time, resources and money with regards to the project?