Posts Tagged ‘priority matrix’

Whitbread World Sailboat Race: Optimum Cost/Time Scheduling With Project Priority Matrix

May 24th, 2013 2 comments

This post builds on the principles discussed in the article Calculating Optimum Cost/Time Project Schedule to calculate the optimum cost/time schedule for the Whitbread World Sailboat Race project. It demonstrates how to construct a priority matrix for the Whitbread World Sailboat Race project to determine whether each of the criteria (time, performance, cost) can be constrained, enhanced, or accepted. Based on this matrix, it then calculates the optimum cost/time scheduling to determine whether the project can be completed within 45 weeks and within the planned budget of 3,200,000$.