Question: Question 1 --- Project Management (100 points) IDENTIFY --- a personal example that you will use to answer this question. Create YOUR unique Project story!!!

Question 1 --- Project Management (100 points)

Question 1 --- Project Management (100 points) IDENTIFY --- a personal example that you will use to answer this question. Create YOUR unique Project" story!!! DEFINE --- Make up the information you need for an Uncertain PERT/CPM model. There must be a minimum of 8 activities in your project. Completion Times Most Immediate Optimistic Likely Pessimistic Activity Predecessor Time Time Time SOLVE --- the problem by using Management Scientist 6.0 (see the tutorial video). ANSWER --- the following questions: project completion time, project critical path, and standard deviation. In addition, determine the following completion times: the 25th percentile, 40th percentile, 75th percentile and the 95th percentile. And finally, develop a plan that will reduce the project completion time by 10%. Assume that the crash cost for each activity is the same. What strategy would you use and does it work (test it in MS 6.0). WRITE --- a one-page letter (no more than a page and y) that is addressed to ME . I know the model, so don't explain how you acquired the answer. Focus the letter on briefly explain your story and then offer OPINIONS about your findings, DECISIONS based on your findings, and of course... include the WHY

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