A Technology company wants to develop a new product. The managers of this firm decide that you
Question:
A Technology company wants to develop a new product. The managers of this firm decide that you will be the leader or this project The first thing you do is to choose the necessary departments: R+D+I, Design, Production, Maintenance, Logistics, and Marketing. Quality, Planning, and Sales for the Project Team.
Then, you decide the tasks to do:
1. R+D+I will analyze the customer's requirements and will need 3 weeks for it.
2. While R+D+| is working with customers, Marketing starts a research work and in 2 weeks knows the real competitors
3. After the first analysis, Planning forecasts the customers' needs in 2 weeks.
4. With all the information collected in 1 and 2, R+D+I and Design make the Product Design. This is an activity that needs 5 weeks.
5. After 4, the managers of the company want to know the prototype, and a meeting is organized (milestone) with them.
6. After the managers' acceptance of the product, Marketing starts a publicity campaign to show the product in the market. This activity lasts 4 weeks.
7. When the managers accept the Product Design, the Process Design will start. This task affects to Production and will be made in 6 weeks.
8. With the prototype accepted and the process designed, Logistics purchases all the materials and technology that the process needs in two weeks.
9. When the materials are in the company, Quality tests them. This is made in one week.
10. At the same time, Production checks the machinery. Four weeks are needed.
11. The confirmation that materials and machines are correct supposes to start the production (milestone).
12. Production process lasts five weeks. Production and Quality take part in it.
13. At the same time the production is made, Maintenance checks continuously the machinery and fix if it is necessary.
14. The distribution process is a responsibility for Logistics and Sales and the product will be in the stores 3 weeks after it starts. The predecessors of this tasks are 6 and 12.
15. After this, all the stores will be able to sell the new product (milestone).
Using Project Libre:
a) Construct the WBS of the project.
b) What is the total duration?
c) If you start the process on May 2nd, say the dates for milestones 5, 11 and 15.
d) What is the critical path?
e) Draw the resource graph for the following DEPARTMENTS:
R+D+1
Marketing and
Logistics
When do you need their participation? (Say the dates).
f) Evaluate the risks in two critical tasks.
Fundamentals of Corporate Finance
ISBN: 978-1259024962
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim