Bue Zuma Memorandum - Essay Example

The market research for the potential scooters revealed will not only the scooter be suitable for wide demography, but that also might prove to be a huge hit for children and gaming events like X-games events. Our estimates reveal that the latest finish time for the project will be 250 days with the total cost for the project being only $1,265,556.20 and an estimation of an increase in the total revenue for the company of between 10-12%. In this memo find attached a Gantt chart with a timeline for the completion of the project and the critical path. From the attachment, you will also find our estimated activities with the greatest slack while at the same time a description of the sensitivity network with the points with the milestones and a comparison and contrast of the Gantt chart versus a network diagram, and a comparison with a schedule table.

From the critical path analysis of our diagram, it is evident that the activities falling on the critical path include Market analysis, Product design, Product design selection, and Detailed Product design. Additionally, the other activities will include Test prototypes, the Finalized Product design, the Order of production equipment, and lastly celebration. Sensitivity has been defined as the likelihood of the critical path remaining stable during the project completion. Network sensitivity is determined by both the amount of slack non-critical activities and the number of different critical paths.

From our analysis, it is evident that the network is not very sensitive since there is only one critical path with free slack ranging from 20 days to 159 days. The different milestones of the project include product design selection and the finalized product design. The fact that product design selection has multiple predecessors and multiple successors make it a milestone (Milošević, 2003). The project design selection facilitates the narrowing down of the various options to pursue the project work. One of the major advantages attributed to the schedule table is its ability to clearly show the total time for the completion of the project and the fact that it indicates the times for late start, late finish, and free slash of each (Timmreck, 2003). 

The main disadvantage associated with the Gantt chart is that the chart does not clearly indicate the critical path for the project and determining the predecessors and the project flow and slack is also difficult. The network diagram is mainly preferred as it clearly shows the critical path, the earliest finish time, the earliest start time, the latest finish time and the earliest finish time thus making it easy to be understood just by looking at it (Milošević, 2003). Its main undoing is the fact that the allocation of resources is not indicated and the fact that the diagram makes the project look simpler than it might be the case.