Project Evaluation Essay Example | Topics and Well Written Essays - 2750 words

Project Evaluation - Essay ExampleNet Profit Total Revenue Total Expenses Payback rate of flow Initial investment funds Cost / Annual Operating Savings The formulas have been taken from the website of the Finance Formulas. Return over Investment (Earnings Initial Investment) / Initial Investment Net Present Value (Initial Investment + (Cash flow 1st year) / 1.1 + Recommendation Keeping in view the above calculations, I believe that the project of import should be selected for execution. The ROI and Net Present Value of the project alpha is greater than the other two projects. However, the net profit and payback period of the project Alpha is a little less than the other two projects. ... It is pertinent to mention here that the Saturday and Sunday (two day weekend) have been set off in the MS Project. The critical activities have been represented by red lines (bars) in the Gantt chart and Network Diagram. These activities include Analysis faculty 1, Implemented module 1, Integr ated Module 1 &3, Document Module 1 and placement Test. After reducing the completion time of activity F (7 in the Gantt chart) by 50 %, the total duration of completing the project would be reduced by one (1) day. In this case, the project would be started on 13th May 2013 and unblemished on 31st May 2013. Moreover, the critical activities of the project would be increased from five (5) to nine (9). The critical activities include Analysis Module 2, Analysis Module 3, Implementation Module 2, Implement Module 3, Integrate Module 1 & 3, Test Module 2, Document Module 1, Integrate Module 2 & 3, and System Test. Reducing the completion time of the project by applying more human and technical resources, the technique is known as project crashing (Sparrow, n.d). The screenshots of the Gantt chart and Network plot of the Omicron projects second case (reduced activity duration) has been shown below Task 3 Testing Part A Block Box Testing some(prenominal) aspects of the final product would be tested to ensure that the website of the New World Resources website is working properly and finding out the potential bugs in the website. The black blow testing ensures the functionality of the website / software application without reviewing the code (HTML, PHP, etc.) and implementation details, keeping in view only the requirement specifications of the website provided by the