ABC Toy Company: Project Schedule And Budget Allocation
Project Scope
ABC is toy manufacturing company based on Ontario and currently want to introduce a new product by Christmas. The idea is to build a new toy based on a popular cartoon character within two month. However, the project manager of ABC, Roger is not sure that the product can be developed within the time period and want to make some adjustment over the marketing section. He want to reduction the product advertisement and proposed the idea to the marketing manager Jane Davis. Jane thinks such product needs minimum six weeks of advertisement in order to capture the attention due to volatility of the market. In order solve the problem, Roger discussed the issue with the product manager George. George offered to speed up the tool build by working weekends. Working one weekend (Saturday and Sunday) is equivalent to doing one week of regular work but at the additional charges.
The project scope is to develop a flexible schedule for introduce the new product with in 31 August 2018. As the project need to be completed within short amount of time, the schedule will highly effect the budget and other resources. The objectives of the project is to propose suitable schedule with budget allocation and also showcase the impact of the crash on the budget.
|
Task Name |
Duration |
|
Introduction of New Toy |
150 days |
|
Obtain Funding |
1 week |
|
Finalize Engineering |
2 weeks |
|
Deliver New Equipment |
8 weeks |
|
Build Tools/ Dies |
11 weeks |
|
Install equipment |
1 week |
|
Train workers |
1 week |
|
Debug process |
1 week |
|
Establish Debugging plan |
2 weeks |
|
Finalize packaging and art work |
3 weeks |
|
Advertise |
10 weeks |
|
Raw material delivery |
12 weeks |
|
Initial production run |
3 weeks |
|
Ship product |
1 week |
|
Task Name |
Baseline Start |
Baseline Finish |
|
Introduction of New Toy |
Fri 20-04-18 |
Thu 15-11-18 |
|
Obtain Funding |
Fri 20-04-18 |
Thu 26-04-18 |
|
Finalize Engineering |
Fri 27-04-18 |
Thu 10-05-18 |
|
Deliver New Equipment |
Fri 27-04-18 |
Thu 21-06-18 |
|
Build Tools/ Dies |
Fri 11-05-18 |
Thu 26-07-18 |
|
Install equipment |
Fri 22-06-18 |
Thu 28-06-18 |
|
Train workers |
Fri 27-07-18 |
Thu 02-08-18 |
|
Debug process |
Fri 03-08-18 |
Thu 09-08-18 |
|
Establish Debugging plan |
Fri 27-04-18 |
Thu 10-05-18 |
|
Finalize packaging and art work |
Fri 11-05-18 |
Thu 31-05-18 |
|
Advertise |
Fri 11-05-18 |
Thu 19-07-18 |
|
Raw material delivery |
Fri 27-07-18 |
Thu 18-10-18 |
|
Initial production run |
Fri 19-10-18 |
Thu 08-11-18 |
|
Ship product |
Fri 09-11-18 |
Thu 15-11-18 |
The schedules are constructed by following the base duration of the project which exceeds the expected delivery time. In order to complete the project within august several assumption has been made as the duration of the advertise and tools manufacture has been decreased to a certain level while increasing the resources.
|
Task Name |
Start |
Finish |
|
Introduction of New Toy |
Fri 20-04-18 |
Thu 13-09-18 |
|
Obtain Funding |
Fri 20-04-18 |
Thu 26-04-18 |
|
Finalize Engineering |
Fri 27-04-18 |
Thu 10-05-18 |
|
Deliver New Equipment |
Fri 27-04-18 |
Thu 21-06-18 |
|
Build Tools/ Dies |
Fri 11-05-18 |
Thu 26-07-18 |
|
Install equipment |
Fri 22-06-18 |
Thu 28-06-18 |
|
Train workers |
Fri 27-07-18 |
Thu 02-08-18 |
|
Debug process |
Fri 03-08-18 |
Thu 09-08-18 |
|
Establish Debugging plan |
Fri 27-04-18 |
Thu 10-05-18 |
|
Finalize packaging and art work |
Fri 11-05-18 |
Thu 31-05-18 |
|
Advertise |
Fri 11-05-18 |
Thu 21-06-18 |
|
Raw material delivery |
Fri 27-07-18 |
Thu 16-08-18 |
|
Initial production run |
Fri 17-08-18 |
Thu 06-09-18 |
|
Ship product |
Fri 07-09-18 |
Thu 13-09-18 |
The critical path can be explained as the sequence of stages determining the minimum time needed for an operation, especially when analysed a project. The project above pictures shows the critical paths which are denoted in red along with resource allocation.
Cost estimation for the baseline was estimated around 39,000. For minimizing extra cost implies as 100 per week. The final result showcase that the cost variance is almost 3,720 dollar.
|
Task Name |
Baseline |
|
Introduction of New Toy |
$39,650.00 |
|
Obtain Funding |
$1,600.00 |
|
Finalize Engineering |
$3,200.00 |
|
Deliver New Equipment |
$0.00 |
|
Build Tools/ Dies |
$19,650.00 |
|
Install equipment |
$0.00 |
|
Train workers |
$1,600.00 |
|
Debug process |
$1,600.00 |
|
Establish Debugging plan |
$0.00 |
|
Finalize packaging and art work |
$0.00 |
|
Advertise |
$12,000.00 |
|
Raw material delivery |
$0.00 |
|
Initial production run |
$0.00 |
|
Ship product |
$0.00 |
|
Task Name |
Total Cost |
|
Introduction of New Toy |
$43,370.00 |
|
Obtain Funding |
$1,600.00 |
|
Finalize Engineering |
$3,200.00 |
|
Deliver New Equipment |
$0.00 |
|
Build Tools/ Dies |
$22,850.00 |
|
Install equipment |
$1,260.00 |
|
Train workers |
$1,600.00 |
|
Debug process |
$1,600.00 |
|
Establish Debugging plan |
$0.00 |
|
Finalize packaging and art work |
$1,060.00 |
|
Advertise |
$7,000.00 |
|
Raw material delivery |
$1,600.00 |
|
Initial production run |
$0.00 |
|
Ship product |
$1,600.00 |
|
Task Name |
Total Cost |
Baseline |
Variance |
|
Introduction of New Toy |
$43,370.00 |
$39,650.00 |
$3,720.00 |
|
Obtain Funding |
$1,600.00 |
$1,600.00 |
$0.00 |
|
Finalize Engineering |
$3,200.00 |
$3,200.00 |
$0.00 |
|
Deliver New Equipment |
$0.00 |
$0.00 |
$0.00 |
|
Build Tools/ Dies |
$22,850.00 |
$19,650.00 |
$3,200.00 |
|
Install equipment |
$1,260.00 |
$0.00 |
$1,260.00 |
|
Train workers |
$1,600.00 |
$1,600.00 |
$0.00 |
|
Debug process |
$1,600.00 |
$1,600.00 |
$0.00 |
|
Establish Debugging plan |
$0.00 |
$0.00 |
$0.00 |
|
Finalize packaging and art work |
$1,060.00 |
$0.00 |
$1,060.00 |
|
Advertise |
$7,000.00 |
$12,000.00 |
-$5,000.00 |
|
Raw material delivery |
$1,600.00 |
$0.00 |
$1,600.00 |
|
Initial production run |
$0.00 |
$0.00 |
$0.00 |
|
Ship product |
$1,600.00 |
$0.00 |
$1,600.00 |
Conclusion
ABC is toy manufacturing company based on Ontario and currently want to introduce a new product by Christmas. The idea is to build a new toy based on a popular cartoon character within two month. ABC needs to consider the consequences of the early delivery and restores allocation. The amount of duration needs for each task has been reduced to a certain limit which increases the resources cost 1000 dollar per week. The above tables describes the impact of the duration change in a project. ABC needs to be focused on their resource management crucially as the project can go over budget. The objectives of the project is achieved where suitable schedule with budget allocation charts are proposed and also showcase the impact of the crash on the budget.
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