MBA 6931 Business NorthStar Energy Inc Research Paper

MBA 6931 Business NorthStar Energy Inc Research Paper

Instructions/Descriptions

MBA 6931 Business NorthStar Energy Inc Research Paper

Instructions

For this assignment, read the case study, “Nutristar” starting on page 342 of your textbook. Once you have read and reviewed the case scenario, respond to the following questions with thorough explanations and well-supported rationale.

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Create a program evaluation and review technique (PERT), Gantt, or critical path method (CPM) network diagram for this project. Which path do you expect to be the critical path, and what is its expected completion time? What are the process resource allocations and your recommended monitoring processes?

How might the project manager at Nutristar incorporate simulation analysis into his or her risk analysis process? Your response should be a minimum of two pages in length and follow APA style. References should include your textbook and a minimum of one additional credible source. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations in APA style.

The following case presents a real project (in aggregate form) that allows the student to compare the critical path solution approach for both completion time and cost as well as a simulated solution for time variability and then also for both time and cost variability. The student should better understand the risk of projects running late and overbudget after this exercise.

Case

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NutriStar Energy, Inc.9 S. Shafer

Wesley James had recently arrived in Boston from Manchester, UK for a position as Project Owner at NutriStar Energy, Inc. He was now meeting with Ava Smith, President of NutriStar, to discuss his upcoming duties and responsibilities associated with their latest product, the Nutri-Sports Energy Bar.

As Ava explained: “NutriStar produces a line of vitamins and nutritional supplements. We recently introduced our Nutri-Sports Energy Bar, which is based on new scientific findings about the proper balance of macronutrients in the body. Fortunately, the energy bar has quickly become popular among elite athletes and others who focus on eating an optimal balance of macronutrients. One distinguishing feature of the Nutri-Sports Energy Bar is that each bar contains 50 milligrams of eicosapentaenoic acid (EPA), a substance strongly linked to reducing the risk of cancer but found in only a few foods, such as salmon. We were able to include EPA in our sports bars because we had previously developed and patented a process to refine EPA for our line of fish-oil capsules.”

“Because of the success of the Nutri-Sports Energy Bar in the United States, we are considering offering it in Latin America. With our domestic facility currently operating at capacity, we have decided to investigate the option of adding approximately 10,000 square feet of production space to our facility in Latin America, at a cost of $5.1 million.”

“This is where you come in, Wesley. The project to expand the Latin American facility involves four major phases: (1) concept development, (2) definition of the plan, (3) design and construction, and (4) start-up and turnover. During the concept development phase, a project owner, that will be you, is chosen to oversee all four phases of the project and given a budget to develop a plan. The outcome of the concept development phase consists of just a rough plan, feasibility estimates for the project, and a rough schedule. Also, a justification for the project and a budget for the next phase will be needed.”

MBA 6931 Business NorthStar Energy Inc Research Paper

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