Clearly identify the tasks on the timeline, the length of time for each task (in months), the critical paths clearly labeled and identified (in text form, not just colored in), where slack can occur, the total amount of time (in months) for the completion of the project.

Clearly identify the tasks on the timeline, the length of time for each task (in months), the critical paths clearly labeled and identified (in text form, not just colored in), where slack can occur, the total amount of time (in months) for the completion of the project.
December 6, 2023 Comments Off on Clearly identify the tasks on the timeline, the length of time for each task (in months), the critical paths clearly labeled and identified (in text form, not just colored in), where slack can occur, the total amount of time (in months) for the completion of the project. Family, Professional Service Assignment-help
Words: 993
Pages: 4
Subject: Family, Professional Service

Assignment Question

General Description Metropolitan: Honolulu has a population of approximately 1,000,000 inhabitants. The Honolulu median age is approximately 41.5 years, with males at 39.7 and females at 43.6 years. The gender breakdown is approximately 50.22% female and 49.78% male. Of the approximately 1 million inhabitants of metro Honolulu, 30% are adults (18 years and older) and of this group (adults), 37% are 50 years and older. Up to now, there has not been a retail store catering to the last group above, adults 50 years and older. The company you are all working for (your team can name the company) has seriously considered opening up a 2,000 square feet traditional brick and mortal retail store at a local mall catering to the fashion retail needs of this group. Your team has been charged with analyzing the economic feasibility, the scheduling, and data flow diagraming of this venture. The following has been provided by management for this purpose Market Share and Sales Assumptions, Population Growth Management expects to capture anywhere from 15-35% market of the 50+ years age group for the 1st year, with that market share growing 10% year over year up to the 5th year. The 15% is on the low end of the estimate, 35% is on the high end. Your analysis should explain what percentage your team used. Of the market share that you used in the analysis (#1 above), 30% is expected to be men, 70% to be women.

Based on external data, women spend on average $60.00 each time they go shopping, and men $35.00 each time they go shopping Management expects women to shop at the new store on average 25 times per year. Men are expected to shop at the new store on average 15 times per year. Of #3 and #4 above, sales per visit is expected to grow by 15% per year over 5 years, with the number of visits remaining constant The population of 50+ years and older people is expected to grow by 5% per year. This should be factored in your economic analysis Inventory Purchasing, Inventory Costs 1. Management expects its markup for inventory at the store to be at 200% for the first and second years. 2. Markup is defined as the amount added to above and beyond the cost of the item being sold The formula to determine what the cost was for what was sold is: Sales/Markup Percent So for example, if total sales were $1,000,000 for the year and markup was 150%, the cost of the inventory sold would $1,000,000/150%= $666,667 (rounded) For years 3 and 4, mark-up will be 150% For the 5th year, markup will be 100% Cost of Store Operations Lease Rent Years 1-5 ($2.00 per square foot + 10% of sales) Store Supplies, $5,000 per year for all years 1 to 5 Basic Maintenance, $5,000 per year constant Staffing, Payroll and Benefits Retail Staff Wages, 7 employees who will work at the store, $14.00 per hour, 160 hours per month Additional retail staff of 2 to be added Year 3 Medical Benefits, 15% of retail staff wages Purchasing/ Receiving Clerk, 1 employee, $15.00 per hour, 160 hours per month Retail staff wages and purchasing/receiving clerk wages are expected to increase 10% per year, from year 2 to 5 Non-retail wages and salaries Project manager ($120,000 per year) Senior programmer ($80,000 per year) Junior programmer ($40,000 per year) Documentation clerk ($15.00 per hour, 160 hours work per month) Cost of Point of Sales System (POS)

The POS is expected to cost $250,000. Of the $250,000 total, $100,000 must be paid once site preparation starts 3. The remaining balance will be paid in installments of $60,000 at the end of each year or whatever is left Site Preparation and New System Costs and Requirements Management hopes to get this new venture up and running in 12-months or less. It remains to be seen as this new venture will require site preparation, installation of a new point of sale system (hardware), vendor provided software installation, in-house developed user-front end software, documentation, training. Management is contracting out site-prep. The contractor they hired is charging $200,000 to prep the retail space for move in. The contractor can work on site prep right away and will take about 2.5 months. In the mean time, the point of sales system hardware can be ordered and will take approximately 2 months arrival and another month to physically install and wire.

The vendor supplied software can be ordered at the same time the POS is ordered and will take about half a month for it to arrive. Installing and testing the vendor supplied software will take another 1.5 month. Custom programming will take 2 months and can commence only after the vendor supplied software has been installed and tested. The custom programming portion of the new system will require in-house documentation and will require the help of a documentation clerk. The clerk will be involved with the new system once custom programming starts and continues once custom programming completes. System testing commences once all programming and documentation is completed and takes 2 months. This is followed by training of another month. The system is rolled-out thereafter, and retail operations can begin. A project manager will be assigned to oversee and manage the project from the time site work is started to when the system is rolled out.

One senior computer programmer and 2 junior programmers will be assigned to perform the custom programming requirements of the new POS system and both will work at the same. A documentation clerk will be assigned to the project and will only work as needed. Assume the project manager and programmers are salaried employees and are paid a fixed annual salary. The salary of the project manager is $120,00 per year. The senior programmer is paid a salary of $80,00 per year. The junior programmers are paid $40,000 per year. The clerk is paid hourly at $15.00 per hour. A typical work month for the clerk 160 hours.

TASK: Project Schedule A PERT chart schedule for the completion of the project. The PERT chart must clearly identify the tasks on the timeline, the length of time for each task (in months), the critical paths clearly labeled and identified (in text form, not just colored in), where slack can occur, the total amount of time (in months) for the completion of the project.

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