Charter Financial Bank + NutriStar

Project and Production Management
Tutorial Group 8
Replacement-Paper for the FIRST test

Case I - Charter Financial Bank

Charter Financial Bank recently got the Idea to develop a Website to promote bank services, to provide access to customer account information, and to allow individuals to apply online for loans and credit cards. In order to develop this Websites Ray Chopper, Vice-President of Information Technology at the bank, was assigned for this task and asks for help.

For easier demonstration I renamed the Activities as follows:

Benchmarking | Activity A | Project Plan and Project definition Doc. | Activity B | Website Design | Activity C | Developing the Website's Database | Activity D | Developing and Coding the actual Web pages | Activity E | Developing and Coding the Website's forms | Activity F | Test and Debugging | Activity G |

Task 1: What is the cost of completing this project if no overtime is used? Ho long will it take to complete the project?

Costs of Completing this Project | Normal | | Activity | Time (Days) | Costs ($) | A | 10 | 15000 | B | 5 | 3750 | C | 15 | 45000 | D | 10 | 9000 | E | 10 | 15000 | F | 7 | 8400 | G | 3 | 4500 | Total | | 100650 |
Table 1

The total costs of completing this project if no overtime is used are $100650 (Table 1)

The critical path of the project consists of the path A – B – C – (D or E) – G and has duration of 43 Days (Figure 1).
Figure 1

Task 2: What is the shortest amount of time in which the project can be completed? What is the cost of completing the project in the shortest amount of time?

The shortest amount of time results from the critical path A – B – C – E – G, which is shown in Figure 2, and has duration of 30 days.

Figure 2

Total costs are shown in the following table (Table 2).

Table 2