QSO 310 People Planet and Profit

Problem 1 Process Analysis

Select any problem of your choice and draw a flow chart to show how the problem can be identified and resolved.

Note: Review the examples that were shared in class to help you select your own problem and create the flowchart.

Problem 2 Project Management

Given the following information regarding a project concerning an initial public offering (IPO) project:

Activity	Description	Expected Time (weeks)	Immediate Predecessors
A	Check feasibility	3	None
B	Determine funding	1	None
C	Find possible banks	3	A
D	Select two possible banks	4	A
E	Interview two banks	4	B
F	Analyze funding costs	5	B
G	What chance of success?	2	C, E
H	Sign contract	3	F
I	End Project	0	D, G, H

1. Use Microsoft Word drawing tools to draw the network diagram for the project. Note: Copy and paste the node (circle) given below to duplicate nodes. Type the activity symbol and time inside the node (circle). Go to insert/shapes and select arrow. Use the arrow to connect nodes as per the precedence relationships.

B

1

A

3

3 3

Start

2. Identify all paths from beginning to finish nodes. Determine the critical path. Note: Show all steps and calculations.

3. Identify the critical activities.

4. Determine the project duration.

Problem 3. Capacity Planning

An airline company must plan its fleet capacity and its long-term schedule of aircraft usage. If demand is expected to be 84 customers for this flight segment, what capacity requirement should be planned? Assume that the management deems that a capacity cushion of 25 percent is appropriate.