Question: Based on the prior Project Selection Prioritization Matrix, you undoubtedly have surmised that the Old Farm House investment project is the best option for you

Based on the prior Project Selection Prioritization Matrix, you undoubtedly have surmised that the Old Farm House investment project is the best option for you at the moment. Following this decision, the following project brief below has been developed for you.

Old Farmhouse Project

You have inherited a century old farmhouse and acreage in a rural area. You have visited the site and inspected. The house needs a great deal of repair work to get it marginally liveable. You have itemized the most important things that need to be done and estimated the time required as shown below.

You plan to use this house for holidays and as a rental property through Airbnb. Your parents have provided you with a personal loan of $10,000 - that will give you enough money to buy the supplies and have a spending budget on help from a local carpenter, a painter and their apprentice. You yourself have committed to working 80 hours over your holiday to fix up the house, but you are terrible at carpentry and painting. Your two weeks holiday leave starts on the first Monday of June. Assume you, the carpenter, the painter and the apprentice[1] all can work up to 8 hrs per day, 5 days per week.

You expect that within 2 years of renting the property you will have earned enough money to repay your parents.

Each activity is to be performed by one person only.

Continually ask yourself the question "when this is done, what else can I start now, or which things can I do at the same time?".

Resources

Cost

Note

Supplies needed

$5,000

You

$0

Can do all jobs except carpentry and painting

Carpenter

$125 per hour

Expert in carpentry (wood repair), cannot paint

Painter

$60 per hour

Expert in painting, cannot do wood repairs

Apprentice

$40 per hour

Can do all jobs except carpentry and painting

Please note while working on this project, many assumptions are made that appear unrealistic, such as for example the wages, or constraints around who can do what. The main reason behind these decisions has been to create an example that is easy for you to work on, while keeping it within small boundaries.

The following List of Most Important Fixes and Project Customer Trade-Off Matrix are provided to you as background to the project; they are part of the brief to help you understand the case study.

List of Most Important Fixes (not necessarily in order of schedule or priority):

1

Purchase supplies

2

Hang new curtains

3

Repair wooden shutters

4

Paint shutters

5

Hang shutters

6

Repair wooden porch

7

Paint porch

8

Repair wooden floor

9

Sand floor

10

Refinish (paint) floor

11

Paint ceilings

12

Paint doors

13

Paint interior walls

14

Paint exterior walls

15

Wash exterior windows

16

Wash interior windows

Project Customer Trade-off Matrix

Old Farmhouse

Enhance

Meet

Sacrifice

Cost

Cannot go over $10.000

Spend full budget to save time

Schedule

Save time (you are allowed to spend the full budget if it enhances time finished)

Must finish in two weeks (10 business days)

Quality

Must meet

Scope

Must meet

2.3 Work Breakdown Structure

Based on the project brief, examples from the book and your own interpretation, complete the Work Breakdown Structure (WBS). Start with the first deliverable after 'Charter signoff' and finish with the 'Project completed'. The number of sub-packages needed per deliverable is up to your discretion and the context of the project.

While you are working on the WBS you also need to provide the predecessors for each activity - what must be completed before this activity can begin. This dependency will be needed later in Week 3 to help create the Aon.

The table below is an example. Replace the text with your own interpretation of the project at hand.

[The Old Farmhouse Project]

WBS code

Activity Name

Predecessor(s)

1

Charter signed off.

2

Planning

2.1

Develop restoration plan

2.2

Budget allocation

2.3

Materials ordered

2.2

3

Repairs

3.1

Repair wooden shutters

2.3

3.2

Repair wooden porch

2.3

3.3

Repair wooden floor

2.3

4

Painting

4.1

Paint shutters

2.3, 3.1

4.2

Paint porch

2.3, 3.2

4.3

Sand Floor

2.3, 3.3

4.4

Paint floor

2.3, 3.3, 4.3

4.5

Paint ceilings

2.3, 3.3, 4.3, 4.4

4.6

Paint doors

2.3, 3.3, 4.3, 4.4, 4.5

4.7

Paint interior walls

2.3, 3.3, 4.3, 4.4, 4.5,4.6

4.8

Paint exterior walls

2.3,3.3, 4.3, 4.4, 4.5,4.6, 4.7

5

Cleaning

5.1

Wash exterior windows

2.3

5.2

Wash interior windows

5.1

6

Installation

6.1

Hang new curtains

2.3

6.2

Hang shutters

3.1,4.1

7

Project completed

make sure its correct or do necessary changes

3.1 AoN

Based on the information provided on blackboard, use for instance MS PowerPoint to create an Activity on Node diagram based on the WBS provided in 'Additional Information WEEK 3'. Ensure that you have one node per activity.

Colour code each node to indicate which resource is assigned to each activity and include a resource key.

Make sure you save your work as we will change and add to it as we advance through the Exercises.

draw flowchart ex 2.2 in one box , 2.3 in other to calculate the critical path

[1] For this case the carpenter/ painter does not need to be present to have the apprentice working on site.

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