Operations Management

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Consider a recent project that you have worked on. This could be for a company or organization with which you are familiar, or even a personal project such as purchasing a home or planning a party.

After your opening paragraph, which includes your thesis statement, identify your selected company or organization in no more than three paragraphs. Then, complete the following:

Create either a Work Breakdown Structure (WBS) of the project or Gantt Chart for planning and scheduling the project. Discuss why you used the type of chart you did.
Determine and document both probabilistic (t0, tp, and tm) and deterministic time estimates. Discuss how you arrived at these time estimates.
Using MS Word, Google Docs, or similar software, create a PERT network diagram with the Critical Path (CP) identified.
Calculate the slack time for each activity. Discuss the ramifications of slack in the CP for the activities and the project as a whole.
Develop the network diagram from the probability estimates. Discuss which path you would take and why.
For each activity, determine hypothetical costs in a table. Include budgeted costs, percent complete, actual/projected cost, and over/under budget (and total). Discuss the rationale for how you derived these costs.

Sample Solution

observable in fields of chemicals and petrochemical industries. Progress was also made in the field of joint exploration of oil. In 1970, at Izmir, at the RCD summit conference, the member countries noted that the RCD provides a useful permanence of great potential for promoting socio-economic development among these three countries. All member nations were directed to take operational steps towards the reduction of quantifiable restrictions and other tariff obstacles to trade. The avoidance of double taxation was also discussed. The countries agreed to cooperate in a joint petroleum operation between Iran and Pakistan and the Ahraz Iskenderun pipeline project. The Turkish and Iranian Government were asked to pursue projects and take suitable steps (Hassan, 2002).

In the start of seventies it was noted that Pakistan’s exports to Turkey which mainly consisted jute and its products, received setback after the eastern province abandoned from Pakistan in 1971.
Establishment of Pakistan-Turkish Joint Commission for Economic and Technical Cooperation-November 1975

The need to institutionalize Pakistan-Turkish trade was fulfilled with the establishment of a Pakistan-Turkish Joint Commission for Economic and Technical Cooperation in November 1975. Consequently Pakistan and Turkey made sincere efforts to raise the joint cooperation in the fields of trade, agriculture, industry, science and technology. After the signing of agreement on economic and technical cooperation. The Turkish Foreign Minister Ihsan Sabir Cagnalaygil said, ‘Cooperation between the two countries in the economic and technical fields already occurs under RCD which Pakistan’s neighbor Iran also joins. That arrangement pursues to reinforce and expand the cooperation within a bilateral frame work’. It covers a wide range of economic activities, joint projects in fields of agriculture, industry, commerce and transportation, beside development of technical cooperation imagining provisions, on a reciprocal basis, of experts, documentation and technical training. Indeed it opens wholly new vista of cooperation between two countries, the potential of which will grow and increase in quality and range as economic development of both countries profits (Hasan, 2002).

RCD Ministerial Council meeting held in Pakistan in January 1976 the thr

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