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Project Evaluation and Scheduling at Magnum Metal Works

CASELET, OPERATIONS MANAGEMENT
ET Cases, 2 pages

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Project Evaluation and Scheduling at Magnum Metal Works

 

Magnum Metal Works Pvt. Ltd., (MMW) one of the reputed metal works plants in India, manufactured spare parts for a wide variety of businesses. Started as a repair fabrication workshop, by Madhav Sindya (Madhav), in 2005, MMW grew leaps and bounds. Over the years, MMW offered fabrication services like sheet metal work and  welding.

MMW could boast of having many loyal customers owing to its quality products and services. MMW started receiving more business by word of mouth publicity and other marketing activities. By 2014, MMW was not only engaged in manufacturing but also started exporting industrial rectifiers, industrial ovens, magnetic pumps, centrifugal pumps and industrial processing equipment.

Madhav, Founding Director of MMW, planned to modernize the current facility. He also planned to visit few of the most reputed manufacturing units across India (especially in the three auto component clusters – Pune, Gurgaon and Chennai) to gain an insight to implement modern Japanese technology, which would help in achieving the mission of premium quality products, high productivity and rewarding business.................

Teaching Note Preview

Project Evaluation and Scheduling at Magnum Metal Works

 

Prerequisite Conceptual Understanding

  • • Jay Heizer, et al., “Chapter 16: Project Management”, Operations Management, 9th Edition, Pearson Education, 2008

 

Synopsis

This caselet is meant for students pursuing a course in Operations Management. The caselet provides scope to discuss project scheduling techniques – the Program Evaluation and Review Technique (PERT)/Critical Path Method (CPM), popular quantitative analysis techniques used by managers to plan, schedule, monitor and control large and complex projects. The caselet centres on Magnum Metal Works (MMW), a metal works plant located in India and enables a discussion on the expansion of the plant, the time (number of weeks) and the time-cost tradeoffs.

Expected Learning Outcomes

At the end of this case analysis and discussion, the participants (students) were expected to understand:

  • • The basics of Project Management
  • • Project scheduling techniques – Program Evaluation and Review Technique (PERT) and Critical Path Method (CPM)
  • • Time-cost trade-offs

 

Teaching Plan

The Teaching Note follows the specific Teaching Plan [Annexure (TN)-I] given on the last page of the Teaching Note.

Assignment Questions

  • I. What is Project Scheduling? Elaborate.
  • II. What are the different mandatory activities in the expansion project at MMW? What are the critical activities or tasks in the project, i.e., the ones that will delay the entire project if not planned efficently? List the non-critical activities.
  • III. .................

 

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Abstract


This caselet is meant for students pursuing a course in Operations Management. The caselet provides scope to discuss project scheduling techniques - the Program Evaluation and Review Technique (PERT)/Critical Path Method (CPM), popular quantitative analysis techniques used by managers to plan, schedule, monitor and control large and complex projects. The caselet centres on Magnum Metal Works (MMW), a metal works plant located in India and enables a discussion on the expansion of the plant, the time (number of weeks) and the time-cost tradeoffs.



Pedagogical Objectives

  • To understand the basics of Project Management
  • To explain project scheduling techniques - Program Evaluation and Review Technique (PERT) and Critical Path Method (CPM)
  • To explain time-cost trade-offs



This Case Pack Includes:
 - Abstract
- Caselet
- Teaching Note (**ONLY for Academicians)
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