MANAGEMENT 658 Lab Report MEMO TO: …

1 MANAGEMENT 658 Lab ReportPlease respond appropriately to the following memo that arrived on your desk today:MEMOTO: MANAGEMENT 658 project ManagersFROM:RaymondRE: project ProposalOur section has been asked to submit bids on manufacturing 12,000 turbine blades for a newBendix engine. Cynthia from engineering promised that this project presents no specialproblems and that the schedule (outlined on the back of this memo) will work withoutadjustment. Several of our strongest competitors have also been invited to bid on this probably remember from our latest meeting with the top brass that corporate has an eye onour section's profitability and on-time performance. I don't have to remind you that both figureshave fallen steadily for the past three years. I don't want to bid on this project unless we canreasonably expect to finish on time and within budget. If we do win the bid, the project will startthis fall. We should be ready to begin engineering design by November can assign the scheduled employees to the turbine blade project at the follow pay schedules: James, $50/hr; Veronica, $40/hr; Ted, $35/hr; Suzanne, $35/hr.

2 We can also hire technicians asneeded for $22/hr. Please provide me with an evaluation of Cynthia's proposed schedule by 5:00 on Friday, March9. Make sure you address the following issues: Does Cynthia's schedule make sense? Will ourpeople have difficulty accommodating it? Do you foresee any problems that might extend thestart of blade production beyond the finish date projected in Cynthia s schedule? What kinds ofdelays or possible/probable? Please include the following with your evaluation of Cynthia s schedule (based on herrecommended schedule) chart with critical or a table representing the scheduled resource loading for each spreadsheet showing (at a minimum) the activity name, duration, scheduled start andfinish, and individuals working on each activity and their costs. Use your judgment on any otherinformation you showing the project budget--including the cost of each task and the total projectcost. After you have evaluated Cynthia s schedule, address these additional issues: What changes canwe make that will render the bid more accurate?

3 Show and explain what effect these changeswill have. I also need you to compare Cynthia s schedule with your Revised Schedule andinclude reports showing a.) the projects weekly cash flow requirements and b.) what eachresource will do and what each will cost in case we decide to bid on this remember that I will use the information you provide as the basis for our bid. Do whatyou can to make your Report and evaluation as accessible as possible--I may be called on tointerpret any of the charts or cost reports on the fly in the review meeting. I would particularlyappreciate your insights on the major cost hurdles in the project . Also, please recommend whatour lowest labor bid should be if we want to bid ten percent above our projected variable cost. Thanks for your design8 days1 James, Veronica, Tech3 Contract with outsidesuppliers7 days2 Ted4 Design manufacturingsystems16 days2 Suzanne, James, Ted,Tech5 Set up inventory system4 days2,4 Suzanne, James6 Acquire test supplies12 days4 Ted, Veronica7 Purchase and installsupplemental equipment24 days3 Veronica, Tech8 Test run test run2 weeks5,6,7 James, Ted, Suzanne, test run1 week5,6,7 James, Ted, Suzanne, test run1 week5,6,7 James, Ted, Suzanne,Tech9 Make adjustments4 , Tech10 Train training1 week8 James, Ted, floor training2 , Ted, Tech11 Check quality controlsystems1 week9 Suzanne, Veronica12 Make final adjustments tomanufacturing process1 ,11 James, TechIn addition, I would like your team to set up and use an account on or anequivalent online project MANAGEMENT software to help you with this project .

4 As part of yourreport I would like an appendix containing a 2-3 page critique of this software, evaluating thefollowing characteristics of the software as it relates to the MANAGEMENT of this project : collaboration--you should be able to communicate with everyone involved in your projecton a regular basis. Does this software make it easy to collaborate with each other? project MANAGEMENT tools you should have the tools you need to manage your projectsuccessfully. Does this software have what you need? More than you could use? ease-of-use it should not be it all-time consuming to figure out how to use the software towork on your project . Was this software easy to figure out and use? help you should have a variety of help options. Was help available and useful? general what are your impressions of the software? Would you use it in the future orrecommend it to someone else? warts describe the main problems or downsides of team will be docked 10% for failing to include this appendix.