Unit Title :- Project Budgeting And Scheduling
Assessment Type :- Assignment
Fred and Wilma Flintstone have just retired and want to build a small house in the beautiful Greek Island of Naxos. They have hired Steve as the general contractor for the project. He has assembled a team of ten very capable workers who will be available in order to complete the project: 1 electrician (E), 2 bricklayers (B) 1 plumber (P) 1 carpenter (C) and 5 general construction workers (G). Steve has negotiated a cost-plus contract with the Flintstones whereby he will receive 15 percent beyond the cost of labour and materials. Before they sign the contract the Flintstones Want an estimate of how much the project is likely to cost and how long it will take.
Project Budgeting And Scheduling Assignment
Steve has estimated the cost for materials as follows: bricks £30,000, metallic parts £10,000 timber £12,000, tiles £11,000, concrete £12,000, electrical wires 4,000, pipes and other plumbing materials 9,000. He wants to determine labour costs as well as how long the project will take. This is one of several projects Steve is only managing the team he is also teaching project management and other than occasionally helping his role is strictly limited to supervising the work.
Project Budgeting And Scheduling Assignment
Steve has devised the following master plan and assignments (see table below).
The project will start with 4 general construction workers preparing the site which will take between 12 and 16 days. Then a bricklayer will join them to pour the foundation. After that the same five men, with the addition of a second bricklayer will erect the frame and when frame is done they will build the walls. The roof can start once the walls are finished and the two Bricklayers with a Carpenter and a General Construction worker will build it. As soon as the roof is completed work on Doors and Windows Plumbing and Electrical installations can start. As soon electrical and plumbing work are completed, then tiling can start. Works at Patio/Garden can also start once plumbing is completed. Once tiles are in place kitchen installation and heating installation can take place.
Walls can be painted decorated once kitchen and heating have been installed and doors windows are in place. The carpenter can fit the wardrobes after painting is done. Finally after fitting wardrobes and finishing the work at external spaces patio/garden the team will clean up and hand over the house to the Flintstones.
Project Budgeting And Scheduling Assignment
Electrician and Plumber get paid £180 a day, while carpenter and bricklayer get paid £150 per day. Each general construction worker receives £100 per day of work. Steve has negotiated a 10 percent management reserve to deal with unexpected problems. Any unused funds will be returned to the Flintstones.
For each task you can choose a value withing the given range. For example for task A the time can be chosen as 12, 13, 14, 15 or 16. Create a new table with the chosen durations.
Description of the assignment task content and structure :-
Project Budgeting And Scheduling Assignment
Tasks
a) Choose a time estimation for each task and create a new table. What is the estimated duration and estimated total cost for this project?
When will the project finish if the team works five days a week and start on 1st of March 2023?
b) Prepare a Network Diagram and a Gantt Chart for this project
c) Prepare a Budget and a Cost Baseline for this project
d) Did resource limitations affect the final schedule? If so, how?
e) What is going to be the impact on the project of a 4-days delay in Task B and a 12-days delay on Task F? What would you suggest as a course of action in that case?
f) What financial risks does this project face? What can the Flintstones do to protect themselves against those risks?
g) After 10 weeks tasks A, B, and C have been completed and £70,000 have been spent. Use EVM to discuss the progress of the project and to re-estimate its total cost and duration. What do you think about the project progress?
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