Project management the managerial process (5th. Appendix two: computer project exercises .

Project management the managerial process (5th. ed): Appendix two: computer project exercises …The POM1 Project*Big Kola Company has been concerned that specialized fruit drinks have beeneroding their cola market. The CEO mandates that “If you can’t beat them, jointhem.” Grape juice was the first product that was successful after an advertisingblitz claiming the antitoxin benefits. Lately, competition is compressing grapejuice margins and profits. Months of additional market surveys and focus groupshave resulted in three potential high-margin drinks: cranberry, blueberry, andpomegranate. All these choices represent antitoxins. The decision is to produce thepomegranate drink that has many health claims. For example, the relative ability ofthese juices to eliminate harmful free radicals (antitoxins) is 71 percent for pomegranate,33 percent for blueberry, and 20 percent for cranberry (Technion Instituteof Technology). The market potential appears very attractive and should have ahigher profit margin than the other potential juice products. Another appeal forpomegranate juice is its familiarity in the Middle East and Asia.The Priority Matrix for the POM1 Project is:Time Scope CostConstrain XEnhance XAccept X* Cliff Gray, Erik Larson, & Pinyarat Sirisomboonsuk, doctoral candidate at Rawls College of Business, Texas Tech University.626 Appendix 2 Computer Project ExercisesConnor Gage, the project manager, has formed his project team and the membershave come up with the following work breakdown structure.1.0 POM1Project1.1 R&D product development1.1.1 Need survey1.1.2 Set product specs1.1.3 Shelf life report1.1.4 Nutrition report1.2 Secure fruit suppliers1.3 Initial Production1.3.1 Equipment rehab1.3.2 Production trials1.3.3 Quality trials1.3.4 Quality metrics1.3.5 Quality training1.4 Distribution1.4.1 Market testing1.4.2 Package design1.4.3 Select distributors1.5 Legal1.5.1 Complete FDA certification1.5.2 Register trademark1.6 Prepare product launchPart 11. Develop the WBS outline using the software available (save your file).2. Use this file and the information provided below to create a projectschedule.3. The following holidays are observed: January 1, Martin Luther King Day (thirdMonday in January), Memorial Day (last Monday in May), July 4th, LaborDay (first Monday in September), Thanksgiving Day (4th Thursday in November),December 25 and 26.4. If a holiday falls on a Saturday then Friday will be given as an extra day off,and if it falls on a Sunday then Monday will be given off.5. The project team works eight-hour days, Monday through Friday.6. The project will begin on January 3, 2012.7. Based on this schedule, submit a memo that answers the following questions:a. When is the project estimated to be completed?b. How many working dayswill it take?c. What is the critical path?d. Which activity has the most slack?e. How sensitive is this network?f. Identify two sensible milestones and explain your choice.Appendix 2 Computer Project Exercises 627Include the following (one page) printouts:• A Gantt chart.• A network diagram highlighting the critical path.• A schedule table reporting ES, LS, EF, LF, and slack for each activity.Hints: Change the timescale to months and weeks. The estimated duration of theproject is 135 days.Remember: Save your files for future exercises!The following information has been derived from the WBS. Note that the activitynumber is what appears in the software with the complete WBS entered.#*, Activity, Duration; Predecessor(s)3, Need survey, 20; None4, Set product specs, 15; 35, Shelf life report, 10; 46, Nutrition report, 5; 47, Select fruit suppliers, 20; 5, 68, Initial Production9, Equipment rehab, 30; 410, Production trials, 15; 7, 911, Quality trials, 20; 1012, Quality metrics, 5; 1113, Quality training, 15; 1214, Distribution15, Market testing, 30; 5, 616, Package design, 15, 1517, Select distributors, 25; 5, 618, Legal19, Complete FDA certification, 15; 7, 1520, Register trademark, 5; 7, 1521, Prepare product launch, 15; 13, 16, 17, 19FS 1 25days, 20FS 1 15 days