The gentleman farmer and surrealist aficionado commissioned a mural on barn that was an homage to Salvador Dalí's Persistence of Memory with a few farm animals included.
1. (a) The gentleman farmer and surrealist aficionado commissioned a mural on barn that was an homage to Salvador Dalí's Persistence of Memory with a few farm animals included. The project would require the services of a senior muralist, a junior muralist, and a gofer. The senior muralist has an annual salary of $120,000, the junior muralist draws an annual salary of $75,000, and the gofer makes $30,000 per year. It is anticipated that the project will require 25 hours of senior muralist time, 40 hours of junior muralist time, and 60 hours of gofer time. Overhead charges vary by position; the gofer has a lower overhead rate (30%) than the two muralist positions (50%). Use 2080 hours as an estimate for the number of hours in a year and a 15% factor for personal time. What is the total direct labor cost for the project?
2. (a) What are the three types of constraints that projects face; provide examples and suggest ways to address these constraints?
Answer: 1. (a) The table displays the sequence of calculations; the total direct labor cost is $6,269.71
Annual Salary Hourly Rate Hours Needed Overhead Personal Direct Labor
$120,000.00 $57.69 25 1.5 1.15 $2,487.98
$75,000.00 $36.06 40 1.5 1.15 $2,487.98
$30,000.00 $14.42 60 1.3 1.15 $1,293.75
Total $6,269.71
2. (b) The three main types of constraints that a project manager faces are time constraints, resource constraints, and mixed constraints. Examples of each will vary.
In the time-constrained project, the work must be finished by a certain time, or date, as efficiently as possible. In the resource-constrained project, the work must not exceed some predetermined level of resource use within the organization. While the project is to be completed as rapidly as possible, speed is not the ultimate goal. The mixed-constraint project is primarily resource constrained but may contain some activities or work package elements that are time constrained to a greater degree.
Time constraints can be addressed by increasing the percentage of worked time until the due date by working overtime or on weekends and holidays. Increasing the labor pool through dedicated personnel or subcontractors or automating processes, buying more powerful or efficient equipment, or improving work methods can all help speed up a project. Resource constraints may be addressed by leveling a project or extending the time available. Mixed constraints can be addressed by some combination of these techniques.
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