Consider a recent project that you have worked on. This could be for a company or organization with which you are familiar, or even a personal project such as purchasing a home or planning a party.

After your opening paragraph, which includes your thesis statement,
identify your selected company or organization in no more than three
paragraphs. Then, complete the following:

*Note: for the charts/diagrams, use MS Word, Excel, Google
Docs or Google Sheets. You may also use any other suitable project-based
software. A free Project management software called Libre is also
available for download here
https://sourceforge.net/projects/projectlibre/

1. Create either a Work Breakdown Structure (WBS) of the project or
   Gantt Chart for planning and scheduling the project. Discuss why you
   used the type of chart you did.
2. Determine and document both probabilistic (t0, tp, and tm) and
   deterministic time estimates. Discuss how you arrived at these time
   estimates.
3. Using MS Word, Google Docs, or similar software, create a PERT network diagram with the Critical Path (CP) identified.
4. Calculate the slack time for each activity. Discuss the
   ramifications of slack in the CP for the activities and the project as a
   whole.
5. Develop the network diagram from the probability estimates. Discuss which path you would take and why.
6. For each activity, determine hypothetical costs in a table.
   Include budgeted costs, percent complete, actual/projected cost, and
   over/under budget (and total). Discuss the rationale for how you derived
   these costs.
7. Crash an activity on the Critical Path. Discuss the ramifications of crashing the activity you crashed.

Formatting requirements:

• Your essay is required to be 5-6 pages in length, which does not
  include the title page and reference pages, which are never a part of
  the content minimum requirements.
• Charts/diagrams should be labeled and can be added within the body of your paper.
• Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles.
• Use academic writing standards and follow APA style
  guidelines.

My Reference :

Stevenson, W. (2018). Operations management(13th ed.). New York, NY: McGraw-Hill Irwin. ISBN-13: 9781259667473

( My Textbook )

• Alvarenga, J. C., Branco, R. R., do Valle, A. B., Soares, P., Alberto, C., & da Silveira e Silva, W. (2018). A revaluation of the criticality of the project manager to the project’s success. Business Management Dynamics, 8(2), 1-18.
• Hernández-Bastida, A., & Fernández-Sánchez, M. P. (2019). How adding new information modifies the estimation of the mean and the variance in PERT: a maximum entropy distribution approach. Annals of Operations Research, 274(1/2), 291–308. https://doi.org/10.1007/s10479-018-2857-