Dubai government has signed an agreement for construction of a 228,000 sq. ft. e

Question

Dubai government has signed an agreement for construction of a 228,000 sq. ft. electronics and specialised waste recycling plant at Dubai Industrial Park by December 2018. The construction will cost 3m AED and ongoing operating costs are estimated to be 500k AED annually. The facility will serve as the region's largest centre of expertise for electronic waste management. The plant will recycle the entire range of end-of-life electrical and electronic equipment ranging from consumer and industrial to commercial and military appliances, such as air conditioners, batteries, IT equipment, household appliances, military avionics and mobile phones. Phase 1 of the plant will comprise state-of-the-art equipment to process 50,000 tonnes of electronic waste annually. Phase 2, which will go live at the end of the second year of operation and cost another 1m AED for construction, will increase capacity to 75,000 tonnes annually. Each tonne generates 50 AED of revenue through resale or reuse. The cost of capital is 10%. Determine payback, net present value (NPV) and internal rate of return (IRR).

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REQUIRED

4.1, Prepare a project plan for an activity and determine the critical path

Explanation / Answer

Presently critical path method is considered to be the most probable and trustworthy aspect for the project administrators as it helps to make available an illustration demonstration of project related activities, evidently presents the time needed to successfully accomplish tasks and track activities so you don’t lag behind.

The critical path method facilitates to trim down vagueness and improbability as it’s important to compute the most optimum time needed for the successful execution and accomplishment of each activity. Thus it becomes necessary to reflect on the unanticipated elements that can have an impact on your tasks and take the necessary precautionary measures to reduce the probability of occurrence of an unanticipated element that can potentially hamper your project.

It helps to evidently recognize the tasks that you need to strictly administer. If any of the tasks on the critical path perceives extra time than their anticipated durations then but obvious it can have a major impact on the whole project.

However when the outcome from a critical path method are demonstrated as a bar chart for instance Gantt chart then it’s very simple to observe where the tasks fall in the overall timeframe. You can envisage and imagine the critical path activities, task durations and their progression. Thus it facilitates an insight into your project’s timeline entrusting you with a much more thoughtful perception about which task durations you need to modify and with which you can continue without any alteration.

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