Project Management Essay Example | Topics and Well Written Essays - 1500 words - 2

Project Management - Essay Exampleive weeks in completing activity F. The synopsis of one action that the Project Manager would take to avoid exceeding the current length of the sarcastic path is to crash some other activities or reschedule the activities so that not more than 19 weeks argon acceptd to complete the project. This is because in decreasing time of critical activity it normally comes on with other direct costs. And the option of crashing the project will depend on the following factors the resources atomic number 18 in copiousness therefore, the addition to the resources, it can be done up to the level which communication costs are increase and the productivity diminishes. In this situation the project manager may decide to sub contract or even to out source the project work. Another thing which could be done is the introduction of the overtime and multitasking in some activities. Activity F is the Recruit and selection of staff therefore, if this is delayed for five days, and then it means the preceding activities will also be delayed, not as it was planed initially. The factors considered before choosing the localities Nature and typewrite of business is the greatest factor to be considered. Pertinently, the businesses that rely on consumers that do drive from the public street are the most targeted. The business will rely heavily on the transportation sector and other industries that use petroleum product as their energy for moving the machines. Hazma Biodiesel has to get their location in a suitable place. Availability of resources Hamza has an expectation of $103950, but the actual capital the participation has is $85000. This amount of money the company is able to secure since some of the equipment needed to start and run the project. Timing is also important they loss the company to start generating cash flows which will be used to grow the business. Hamza Biodiesel Company secured the premises, and this provided the best clin g to for their money. Required space this type of business requires very large amounts of space. For the case of Hamza BioDiesel, Mandy stated at the senesce meeting that retailing high quality groceries will be a very different punt from selling fuel - it will require large space for parking purposes. Facilities needed Hamza Biodiesel will require pumps and fire fighting equipment in this business to carry out their business effectively, for instance, if Hamza Biodiesel could need safety measures in place as they will trade on inflammable such like product. For that reason, very finical mechanical, plumbing, electrical and fire suppression requirements shall be in place for smooth running of the project. These are the factors that must be taken into consideration. Question 2 No, the total cost of the project is $103,950 whereas the company has earmarked ?85,000 for this project. There are various sources where Hamza BioDiesel can raise additional capital as follows a) External sources of finance is the capital (either wide or short term) borrowed from sources external to the firm. While it adopts a conservative working capital management policy, an