Presentation on theme: "DANIELLE GOOCH The Wedding Case Study. Summary Lauren and Connor getting married in 21 days on January 21. Connor leaving for overseas on January 30."— Presentation transcript:
DANIELLE GOOCH The Wedding Case Study
Summary Lauren and Connor getting married in 21 days on January 21. Connor leaving for overseas on January 30. Week for honeymoon. Laurens parents offer them $3,000 to elope.
Current Situation ActivityTimeCostComments Reserve church and reception hall 14 days noticePay extra $200 for 7 days notice Decorating3 days Drive maid of honor from Guatemala 10 days Fly maid of honor from Guatemala 2 days$1,000 Choose cake and decorations 2 days 5 days notice Order material for dresses 8 daysPay $20 extra for air freight for 5 days Choose pattern for dresses 3 days
Current Situation cont. ActivityTimeCostComments Sew dresses11 days Or Mrs. Jacks sews dresses 6 days$48 per day (for each day saved Final fitting2 days Clean and press dresses 2 days Guest list4 days Make invitations7 daysExtra $20 for 6 days Choose style2 days Send out invitations 10 days before wedding If sent out 8 days before wedding Aunt Ethel will reduce her gift by $200
Current Situation cont. ActivityTimeCostComments Address invitations 3 daysHire part-time girls to get it done in 1 day and pay $40 for each day saved Take invitations to post office 1 day
What Needs to Happen Reserve church and reception hall Choose pattern for dresses Order material for dresses Sew dresses Final fitting and clean and press Get maid of honor to wedding (drive or fly) from Guatemala Choose cake and decorations from Jakes catering Decorate church and reception hall Make the guest list Choose style of invitations from Bobs Printing Shop Address invitations Send out invitations
Constraints Three types of resource constraints: People Materials Equipment Wedding constraints: Maid of honor (living in Guatemala) needs to travel to wedding. Drive – 10 days Fly – 2 days ($1,000) Money Cost of wedding vs. $3,000 to elope
Resources Required Family members are the human resources. Make decisions about cake, decorations, dresses and invitations. Mom making guest list. Money to pay for the wedding is a resource.
Timeframe of Project ActivityStartEndDuration Reserve church and reception hallJanuary 1 1 day Choose pattern for dressesJanuary 1January 33 days Choose invitation styleJanuary 1January 22 days Choose cake and decorationsJanuary 1January 32 days Have invitations madeJanuary 3January 86 days Order material for dressesJanuary 4January 118 days Write guest listJanuary 5January 84 days Maid of honor drives to weddingJanuary 9January 1810 days Address invitationsJanuary 9January 113 days Send out invitationsJanuary 12 1 day Mrs. Jacks sews dressesJanuary 12January 176 days Final fittingJanuary 18January 192 days
Timeframe of Project cont. ActivityStartEndDuration DecorateJanuary 18January 203 days Clean and press dressesJanuary 20January 212 days
Costs Reserving church and reception hall Extra $200 for 7 days notice Getting maid of honor to wedding Drive Fly - $1,000 Hiring a caterer Having bridesmaid dresses made Extra $20 to expedite getting material in 5 days Pay $48 for each day saved to hire Mrs. Jacks to sew dresses Having invitations made and sent out Extra $20 to have invitations made in 6 days Pay $40 for each day saved to hire part-time girls to address invitations in 1 day
Return on Investment Return on Investment (ROI) = Gain from Investment – Cost of Investment Cost of Investment Gain is Lauren and Connor get to be married before Connor goes overseas. Cost is how much the family pays for the wedding and the stress of planning it.
Risks Planning the wedding versus eloping. Possibility that not all activities will get completed on time. Dresses might not get made. Invitations might not get sent out soon enough. The risk is that they might have to elope after all of everything doesnt work out as planned.
Method of Tracking Project Gantt chart Easy to read and understand Provides visual of progress Specialized chart Time scale on horizontal axis Time show in weeks or months
Conclusion It is up to Lauren and Connor on whether or not to have a wedding. They have to decide if it is worth the risk.
References Gantt Chart. (2010). Retrieved September 15, 2011, from NetMBA: http://www.netmba.com/operations/project/gantt/ http://www.netmba.com/operations/project/gantt/ Kwak, Y., & Ibbs, W. (2000). Calculating Project Management's Return on Investment. Project Management Journal, 38-47. Larson, E., & Gray, C. (2011). Project Management the Managerial Process. New York, NY: McGraw-Hill/Irwin. Return on Investment - ROI. (2011). Retrieved September 22, 2011, from Investopedia: http://www.investopedia.com/terms/r/returnoninvestment.asp http://www.investopedia.com/terms/r/returnoninvestment.asp Vanhoucke, M. (2006). Work Continuity Constraints in Project Scheduling. Journal of Construction Engineering and Management, 14-25.