Bangladesh University of Professionals

Faculty of Business Studies

Department of Business Administration-General
Bachelor of Business Administration (BBA)

Project Management (SCOM 3205)

Batch: BBA 2021

Submitted To
Assistant Professor, Mohammad Rajib Uddin
Department of Business Administration General

Submitted By
Group- 4
Sr. Name ID
1. Masafi Hasan Abanti 2123011051
2. Nabila Zaman Shreya 2123011069
3. Adiba Nawar Zuberi 2123011087
4. Raiyan Sanjana 2123011119
5. Ashik Ullah Saad 2123011125

Submission Date: 10/06/2024

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 List of All Activities, their Predecessors and Duration

Predecessor Activity Detail Duration

-- A Draft Letter to VC and Submit for Approval 8
A B Secure MP Check Post Approval 7
-- C Estimate Expenses 5
C D Secure Sponsorships 10
B,D E Design Marketing Materials 9
E F Print and Distribute Marketing Materials 1
E G Build the Page 6
G H Launch & Promote the Page 6
E I Create Registration Platform 3
I J Promote Registration & Review Applications 2
J K Collect Information and List Registered Students 2
Take Permission for Room on the 12th Floor and conduct
D L 1
food Tasting
K M Select the Final Participants 1
M N Collect Registration Fee and Send Confirmation Email 1
D,H,L,N O Finalize Schedule and Logistics 6
O P Research & Compare Vendors 2
P Q Select Vendors & Place Orders 4
Q R Track & Manage Orders 6
O S Design Participant Cards and Stickers 2
S T Print Participant Materials 4
R,T U Assemble Stall Frames, Banners, Equipments and Supplies 1
U V Event 1
F,V W Dismantle Equipment and Clean-Up Venue 1
W X Express Gratitude 1

Fig. AON Network Diagram 2

Using the CPM method, we determined 2 Critical Paths. Since both critical path suggests that the Project
“BUP Food Festival” is most likely to be finished in 59 Days, We are using Program Evaluation and
Review Technique (PERT), to determine the probability that this project can be completed under 60
Days or in 59 Days.

For Critical Path 1

The project completion time follows a probability distribution. To find the probability of finishing the
project under 60 days, we need to calculate the project mean and variance using PERT (Program
Evaluation and Review Technique). To do this, we need the optimistic time (o), most likely time (m),
and pessimistic time (p) for each activity in the critical path. The critical path is A-B-E-F-G-H-O-P-Q-
R-U-V-W-X, with a duration of 59 days.

We will assume the duration of each activity on the critical path represents the most likely time (m).
We will then estimate the optimistic (o) and pessimistic (p) times for each activity using the following
assumptions:

 Optimistic Time (o): The minimum possible time to complete an activity, assuming everything
goes perfectly. We will assume this is 15% less than the most likely time (m).
 Pessimistic Time (p): The maximum possible time to complete an activity, assuming
significant delays or problems. We will assume this is 15% more than the most likely time (m).

With these estimates, we can calculate the mean and variance for each activity, and then the overall
project mean and variance. Finally, we can use these values to determine the probability of completing
the project in under 60 days.

Activit
y Most Likely Time (M) Optimistic Time (O) Pessimistic Time (P) Expected Time Variance
A 8 6.8 9.2 7.8 0.16
B 7 5.95 8.05 6.95 0.12
E 9 7.65 10.35 8.65 0.24
F 1 0.85 1.15 1 0.03
G 6 5.1 6.9 6 0.09
H 6 5.1 6.9 6 0.09
O 6 5.1 6.9 6 0.09
P 2 1.7 2.3 2 0.01
Q 4 3.4 4.6 4 0.04
R 6 5.1 6.9 6 0.09
U 1 0.85 1.15 1 0.03
V 1 0.85 1.15 1 0.03
W 1 0.85 1.15 1 0.03
X 1 0.85 1.15 1 0.03

Here,
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 m = Most likely time
 o = Optimistic time
  p = Pessimistic time
 te = Expected time = (o + 4m + p) / 6
 Variance = ((p - o) / 6)^2

Path Mean: 58.6

Path Variance: 1.64

Path Standard Deviation: 1.28

Z-score: (60 - 58.6) / 1.28 = 1.09

Using a standard normal distribution table or calculator, the probability of a Z-score being less than
1.09 is approximately 0.86. Therefore, the probability of completing the project following Critical
Path A-B-E-F-G-H-O-P-Q-R-U-V-W-X in under 60 days is approximately 86%.

For Critical Path 2

To find the probability of finishing the project under 60 days, we need to calculate the project mean and
variance using PERT (Program Evaluation and Review Technique). To do this, we need the optimistic
time (o), most likely time (m), and pessimistic time (p) for each activity in the critical path. The critical
path is C-D-E-F-G-H-O-P-Q-R-U-V-W-X , with a duration of 59 days.

Similar to Critical Path 1, we will assume the duration of each activity on the critical path represents
the most likely time (m). We will then estimate the optimistic (o) and pessimistic (p) times for each
activity using the following assumptions:

 Optimistic Time (o): The minimum possible time to complete an activity, assuming everything
goes perfectly. We will assume this is 15% less than the most likely time (m).
 Pessimistic Time (p): The maximum possible time to complete an activity, assuming
significant delays or problems. We will assume this is 15% more than the most likely time (m).

Activit
y Most Likely Time (M) Optimistic Time (O) Pessimistic Time (P) Expected Time Variance
4
C 5 4.25 5.75 5 0.07
D 10 8.5 11.5 10 0.25
 E 9 7.65 10.35 8.65 0.24
F 1 0.85 1.15 1 0.03
G 6 5.1 6.9 6 0.09
H 6 5.1 6.9 6 0.09
O 6 5.1 6.9 6 0.09
P 2 1.7 2.3 2 0.01
Q 4 3.4 4.6 4 0.04
R 6 5.1 6.9 6 0.09
U 1 0.85 1.15 1 0.03
V 1 0.85 1.15 1 0.03
W 1 0.85 1.15 1 0.03
X 1 0.85 1.15 1 0.03

Here,

 m = Most likely time

 o = Optimistic time
 p = Pessimistic time
 te = Expected time = (o + 4m + p) / 6
 Variance = ((p - o) / 6)^2

Path Mean: 58.6

Path Variance: 1.97

Path Standard Deviation: 1.4

Z-score: (60 - 58.6) / 1.4 = 1

Using a standard normal distribution table or calculator, the probability of a Z-score being less than 1 is
approximately 0.84. Therefore, the probability of completing the project following Critical Path C-D-
E-F-G-H-O-P-Q-R-U-V-W-X in under 60 days is approximately 84%

Non Critical Activities Using Slack

The project has two critical paths, both with a duration of 59 days. This means the project can be
completed in 59 days if all activities on either of the critical paths are completed on time. Any delay in
these activities will delay the entire project.

We went ahead and found the non-critical activities with varying degrees of slack. This slack
represents the amount of time these activities can be delayed without affecting the project's overall
completion time. For example, activity L has a slack of 27 days, meaning it can be delayed by up to 27
days without impacting the project's completion.
5
Activity ES EF LS LF Slack Critical Path
A 0 8 0 8 0 Yes
B 8 15 8 15 0 Yes
C 0 5 4 9 4 No
D 5 15 9 19 4 No
E 15 24 15 24 0 Yes
F 24 25 24 25 0 Yes
G 25 31 25 31 0 Yes
H 31 37 31 37 0 Yes
I 24 27 28 31 4 No
J 27 29 31 33 4 No
K 29 31 33 35 4 No
L 15 16 42 43 27 No
M 31 32 35 36 4 No
N 32 33 36 37 4 No
O 37 43 37 43 0 Yes
P 43 45 43 45 0 Yes
Q 45 49 45 49 0 Yes
R 49 55 49 55 0 Yes
S 43 45 51 53 8 No
T 45 49 53 57 8 No
U 55 56 55 56 0 Yes
V 56 57 56 57 0 Yes
W 57 58 57 58 0 Yes
X 58 59 58 59 0 Yes

AON Diagram using Slack

6
 7
List of Revised Date of Activities based on the Critical Path
Task Name Start Date End Date Duration (Days)
Draft Letter to VC and Submit for Approval March 9, 2024 March 17, 2024 8
Secure MP Check Post Approval March 17, 2024 March 24, 2024 7
Estimate Expenses March 9, 2024 March 14, 2024 5
Secure Sponsorship March 14, 2024 March 24, 2024 10
Design Marketing Materials March 24, 2024 April 2, 2024 9
Print and Distribute Marketing Materials April 2, 2024 April 3, 2024 1
Build the Page April 2, 2024 April 8, 2024 6
Launch & Promote the Page April 8, 2024 April 14, 2024 6
Create Registration Platform April 2, 2024 April 5, 2024 3
Promote Registration & Review Applications April 5, 2024 April 7, 2024 2
Collect Information and List Registered Students April 7, 2024 April 9, 2024 2
Take Permission for Room on the 12th Floor and conduct
food Tasting March 14, 2024 March 15, 2024 1
Select the Final Participants April 9, 2024 April 10, 2024 1
Collect Registration Fee and Send Confirmation Email April 10, 2024 April 11, 2024 1
Finalize Schedule and Logistics April 14, 2024 April 20, 2024 6
Research & Compare Vendors April 20, 2024 April 22, 2024 2
Select Vendors & Place Orders April 22, 2024 April 26, 2024 4
Track & Manage Orders April 26, 2024 May 2, 2024 6
Design Participant Cards and Stickers April 20, 2024 April 22, 2024 2
Print Participant Materials April 22, 2024 April 26, 2024 4
Assemble Stall Frames, Banners, Equipments and Supplies May 2, 2024 May 3, 2024 1
Event May 3, 2024 May 4, 2024 1
Dismantle Equipment and Clean-Up Venue May 4, 2024 May 5, 2024 1
Express Gratitude May 6, 2024 May 7, 2024 1