Project Amnagement

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Kathmandu University school of management|
Final Project- Stardom Management Project|
* Project Management|
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Submitted By: Group C (Arpana Thakur, Manaswi Shrestha, Pashupati Thapa, Saurav Pokhrel)| 5/15/2012|

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Submitted To: Mr. Jayakar Vaidya, Faculty, Kathmandu University School of Management

Introduction of the company and current offers:
Stardom group is an event management company. The company organizes events for its clients. The events usually involve promotional campaigns, new product launch, and trade fair arrangement and so on. The company’s strategy is to grow as responsible company giving priority to socially responsible clients. Stardom is a project based organization and has a project coordination cell at the central unit. Each event carried out for clients is regarded as a project. For each project, the company has assigned a group manager. Each project follows discrete steps, starting from identifying clients needs, getting approval from top management to acceptance of proposal by clients. In April 2012, the project is considering offers from two clients. First, a large event has to be organized for the launch of new brand for Gurkha Brewery. The event must be organized on 15 May 2012. The project needs to manage venue, invitee list, cater party and distribute invitations and brochures. With this event, project can earn a net profit of NRs. 500,000 if it is completed successfully. Next, a smaller project offer has come from a new management college to launch an inauguration event. The event must be organized on 28 April 2012. The place and catering will be managed by the college. The project has to take care of invitations, banners and conduct final ceremony. For these activities, the project will be paid a lump sum of NRs. 120,000. Also, the college has agreed to offer the company an event manager for one year.

Project: A: Project Brewery
Activity | Description| Preceding Activity| Optimistic| Most Likely| Pessimistic| Expected Time| A| Design launch publicity plan| | 0.5| 1| 1.5| 1|
B| Get Approval From Client| A| 1| 1| 1| 1|
C| Select & Finalize Venue| B| 1| 2| 3| 2|
D| Develop Invitees List| B| 1| 2| 3| 2|
E| Place the orders for Invitation Cards| D| 2| 4| 6| 4| K| Dispatch cards & Brochures| E,H| 1| 2| 3| 2|
F| Select the catering Party| C| 1| 1| 1| 1|
G| Design Artworks| C| 3| 4| 8| 4.5|
H| Order Placements of banners & brochures| G| 2| 3| 7| 3.5| I | Finalize Menu| F| 1| 1.5| 2| 1.5|
J| Final Launch| I,K| 1.5| 1.5| 1.5| 1.5|

Project A: Critical Path and Start Time Adjustment:

1.5
5

12
I
1

F

4.5
8.5
2
15.5
0
12
2
14
4
2
1
1
1.5
3.5
1
1

15.5
J
K
0
12
8.5
G
0
4
2
1
H
C
B
A
9

14
2

4
D

4

E

7.5

Critical path: A-B-C-G-H-K-J
Expected Time to complete the project = 1+1 +2+4.5+3.5+2+1.5 = 15.5 days Variances of activities in the critical path
Activity| Pessimistic time| Optimistic time| Variance = [(p-o)/6]2| A| 1.5| 0.5| 0.0278|
B| 1| 2| 0.0278|
C| 3| 1| 0.1111|
G| 8| 3| 0.6944|
H| 7| 2| 0.6944|
K| 3| 1| 0.1111|
J| 1.5| 1.5| 0|
Sum of the variances of the activities in the critical path| 1.6667| Standard deviation = 1.66671/2| 1.026|
Z-score for 93% probability (from Z table)| 1.48|

We know (X- X)/ σ = z
With X = 15.5 days and σ= 1.026 and z=1.48 we get X = 17.02 days Thus to finish the project on May 15 it should be started 17 days earlier. That is it should be started at least on April 28. Project B: College Inauguration: Critical Path Diagram for College Inauguration project...
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