Identify current market trends and propose a new project or select any ongoing or completed project of your choice. The project could be a restaurant or refreshment or food store.
Write a brief introduction to the project and develop a detailed project charter explaining the aim, objectives, scope (budget and time), deliverables, and project team members in Oman. Also, develop a work breakdown structure (WBS) and assign time in (weeks) and budget in (USD).
Note: Everyone must prepare the Project background, Project Charter, and WBS with proper logical reasoning and interpretations of budget, task time and sequence of tasks.
2
Assign predecessors and successors logically and prepare an activity table (minimum 10 to 15 activities and add more if needed based on your project). Logically assign optimistic, most likely, and pessimistic times in weeks for each activity and find the estimated time, variance, and standard deviation. Considering the corresponding estimated times for each activity, draw a network diagram and find the critical path.
3
Apply the Program Evaluation Review Technique (PERT) and find what is the percentage of probability of project completion if there is a 3-week delay from your total expected time.
4
Using the proposed approximate budget invested for the project, assume and add your expected cash in-flow for any period (in years), and calculate the Net Present Value and Pay pack period for your initial investment value at interest rate of 5%. Finally, identify atleast 8 activities that are prone to high-risk and low-risk events and construct a likelihood vs Impact matrix table and explain.