The final project for BUS 330 – Operations Management focuses on integrating the concepts from the second half of the semester into practical application. Students will undertake a home improvement project, applying principles of Project Management, Inventory Management, Critical Path Method (CPM), and Material Requirements Planning (MRP).
Summary of Activities:
Project Selection: Students will select a simple home improvement project as the basis for their final project.
Project Planning: Develop a project plan, including a work breakdown structure (WBS), task dependencies, and milestones.
Inventory Assessment: Assess materials and tools needed for the project, create a list of required items, and estimate costs.
Material Requirements Planning (MRP): Utilize MRP principles to plan material procurement, considering lead times and order quantities. (what materials do you need for each task or by when should materials be required)
Critical Path Method (CPM) Analysis: Construct a network diagram, identify critical tasks, and determine the project’s critical path and slack time
Submission: Submit the project plan document and network diagram by end of Day Wednesday 4/10/2024.
Your project should be 3-5 pages including the network diagram as described. Be creative, have fun and include all components listed. Please do not hesitate to reach out if there are any questions.
Submission Guidelines:
Your project should be 3-5 pages including the network diagram as described. Be creative, have fun, and include all components listed.
Grading Criteria:
Comprehensive Project Plan: Clear delineation of tasks, durations, dependencies, and resources. (25%)
Accurate Inventory Assessment: Thorough identification of materials, estimation of quantities, and cost analysis. (10%)
Material Requirements Planning (MRP) Implementation: Description of what materials are needed for each task (10%)
Critical Path Method (CPM) Analysis: Accurate identification of critical path and slack time, demonstrating understanding of project scheduling (30%)
Clear Documentation and Presentation: Neatly presented project plan document and network diagram, demonstrating clarity and professionalism. (25%)
