ABC Toy Company: Project Schedule And Budget Allocation

Project Scope

ABC is toy manufacturing company based on Ontario and currently want to introduce a new product by Christmas. The idea is to build a new toy based on a popular cartoon character within two month. However, the project manager of ABC, Roger is not sure that the product can be developed within the time period and want to make some adjustment over the marketing section. He want to reduction the product advertisement and proposed the idea to the marketing manager Jane Davis. Jane thinks such product needs minimum six weeks of advertisement in order to capture the attention due to volatility of the market. In order solve the problem, Roger discussed the issue with the product manager George. George offered to speed up the tool build by working weekends. Working one weekend (Saturday and Sunday) is equivalent to doing one week of regular work but at the additional charges.

The project scope is to develop a flexible schedule for introduce the new product with in 31 August 2018. As the project need to be completed within short amount of time, the schedule will highly effect the budget and other resources. The objectives of the project is to propose suitable schedule with budget allocation and also showcase the impact of the crash on the budget.

The schedules are constructed by following the base duration of the project which exceeds the expected delivery time. In order to complete the project within august several assumption has been made as the duration of the advertise and tools manufacture has been decreased to a certain level while increasing the resources.

The critical path can be explained as the sequence of stages determining the minimum time needed for an operation, especially when analysed a project. The project above pictures shows the critical paths which are denoted in red along with resource allocation.

Cost estimation for the baseline was estimated around 39,000. For minimizing extra cost implies as 100 per week. The final result showcase that the cost variance is almost 3,720 dollar.

Conclusion

ABC is toy manufacturing company based on Ontario and currently want to introduce a new product by Christmas. The idea is to build a new toy based on a popular cartoon character within two month. ABC needs to consider the consequences of the early delivery and restores allocation. The amount of duration needs for each task has been reduced to a certain limit which increases the resources cost 1000 dollar per week. The above tables describes the impact of the duration change in a project. ABC needs to be focused on their resource management crucially as the project can go over budget. The objectives of the project is achieved where suitable schedule with budget allocation charts are proposed and also showcase the impact of the crash on the budget.

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