Hershey Chocolate Corporation was the first company that produced milk chocolate in America. With the passage to time, it focused only on chocolate production, and manufactured many innovative products. After the Second World War, it managed to export its products to 90 countries. In2006, its sales reached 5 billion dollars, and employed over 14,300 people. The objective of the project is to deploy an ERP system covering sales and procurement process. The following is the required schedule of the event. Activity Duration- Weeks Immediate Predecessors A–Select consultant for selecting system 2 _____________ B–Meet with consultant to discuss ERP 4 A C–Meet with Board of Directors to explain proposal 1 A D–Develop request for proposals to give to vendors 3 B,C E–Obtain vendor proposals 4 D F–Develop organization business cases including training 8 E G–Present business cases to Board of Directors 1 F H–Redo estimates in light of board requests for changes 3 G I–Initiate installation project 1 H Mention which approach should be used to execute this project and why? Out of the three phases, which phase/ phases can you identify from given scenario? Write the scope of this project in two lines. Use CPM to identify the critical path and the length of this project. Also provide table to mention slack of each activity.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Hershey Chocolate Corporation was the first company that produced milk chocolate in America. With the passage to time, it focused only on chocolate production, and manufactured many innovative products. After the Second World War, it managed to export its products to 90 countries. In2006, its sales reached 5 billion dollars, and employed over 14,300 people.
The objective of the project is to deploy an ERP system covering sales and procurement process. The following is the required schedule of the event.
|
Activity |
Duration- Weeks |
Immediate Predecessors |
|
A–Select consultant for selecting system |
2 |
_____________ |
|
B–Meet with consultant to discuss ERP |
4 |
A |
|
C–Meet with Board of Directors to explain proposal |
1 |
A |
|
D–Develop request for proposals to give to vendors |
3 |
B,C |
|
E–Obtain vendor proposals |
4 |
D |
|
F–Develop organization business cases including training |
8 |
E |
|
G–Present business cases to Board of Directors |
1 |
F |
|
H–Redo estimates in light of board requests for changes |
3 |
G |
|
I–Initiate installation project |
1 |
H |
- Mention which approach should be used to execute this project and why?
- Out of the three phases, which phase/ phases can you identify from given scenario?
- Write the scope of this project in two lines.
- Use CPM to identify the critical path and the length of this project. Also provide table to mention slack of each activity.
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