It was run with several classes for size of boat. This race featured the first all-woman crew on Tracy Edwards' Maiden. Although in a much smaller boat than many of their male counterparts the women fared well—claiming two leg victories in class.
Managing this project successfully first requires to analyze Ericksen's strategy, including his chief design engineer and his master helmsman's normal and crash estimates.
Ericksen then needs to find a way to reduce the project duration to meet the race start date deadline. Finally, Ericksen needs to develop a plan to close the project smoothly.
Developing a structured project plan, which allows for a timely project completion and a performing sailboat are the two main elements Ericksen needs to focus on. The nine-month Round the World Whitbread Sailboat Race will start in 45 weeks with the traditional parade of all entries on the Thames River in the United Kingdom, so Ericksen has no choice but to ensure the project is completed by then.
Conducting an in-process project audit is therefore necessary. Project audits use performance measures and forecast data, review why the project was selected, include a reassessment of the project's role in the organization's priorities, include a check on the organizational culture to ensure it facilitates the type of project being implemented, assess if the project team is functioning well and is appropriately staffed, include a check on external factors that might change where the project is heading or its importance, and include a review of all factors relevant to the project.
Project audits can be conducted before the project is complete. An in-process project audit will allow for corrective changes on the racing boat project.
Based on the first cost and schedule estimates submitted by Karin Knutsen, the chief design engineer, and Trygve Wallvik, the master helmsman, the project will be late. Looking at Annex 1, the normal time estimates will cause the project to be six weeks late. The last six weeks of the sea trials will in fact go over schedule, if the weather does not permit the sea trials, it could even take longer.
In the first half of the table in Annex 1, the purple represents Karin's activities, and the green represents Trygve's activities light green for the old vessel and dark green for the new vessel. The red part shows that the project will be overdue.
In the second half of the table, the pink represents Karin's crashed activities. The purple ones represent the activities that cannot be crashed.
The yellow parts represent Trygve's crashed activities, whereas the light green ones cannot be crashed. The crash schedule presented by Karin and Trygve allows to have a 2-week buffer period at the end of the project highlighted in red.
But a better strategy would be to assign extra time at critical moments in the project, such as the building, testing and training phases. Buffers can also be added to activities with severe risks, merge activities that are prone to delays due to one or more preceding activities being late e.
Concerning the cost estimates, Ericksen needs to take into consideration the direct costs and the indirect costs to have an accurate estimate. Indirect costs represent overhead costs such as supervision, administration, consultants, and interest, and cannot be associated with any particular work package or activity.
Because indirect costs represent a significant percentage of total project costs, reductions in project time represents very real savings. On the other hand, direct costs represent labor, materials, equipment, and sometimes subcontractors.
They are assigned directly to a work package and activity. When project durations are imposed, such as in the racing sailboat project, direct costs may no longer represent low-cost, efficient methods. As detailed in the crash cost list, costs for the imposed duration date will be higher than for a project duration developed from ideal normal times for activities.
Since the normal estimates will delay the project completion of six weeks, Ericksen's team has to shorten the duration of certain tasks, which will automatically increase the direct costs. Ericksen also need to keep in mind that the estimates do not include indirect costs, hence the project is already over budget.
Having all these elements, Ericksen's team can now find ways to reduce the racing sailboat project duration in order to be ready to win the race in 45 weeks.
Plan to Reduce Project Duration Ericksen needs to find a balance between time, cost and performance. Therefore, he must define and understand the nature of the priorities of the project. A project priority matrix that identifies which criterion is constrained,The Volvo Ocean Race (formerly the Whitbread Round the World Race) is a yacht race around the world, held every three years.
Originally named after its initiating sponsor, British Whitbread brewing company, it today carries the name of its current owner, Swedish automobile manufacturer Volvo Cars and Swedish multinational manufacturing company.
The legendary 83ft “Fisher & Paykel” Maxi yacht, 2nd in the 89/90 Whitbread Round-the-World Race and entry in the Volvo Ocean Legends Race in Alicante. One of the biggest racing yachts ever built for round-the-world racing and the last of its generation of giants still to be sailing worldwide.
Sail Race Crew provides you with your Number One Sailing Experience. Agent for Yacht Racing, Charter, Cruising and Sailing Adventures in the US, UK, . The United Kingdom is the birthplace of The Whitbread Round the World Race, which had its first start from Portsmouth in and later became the Volvo Ocean Race in ".
Speed was crucial in the time when water-based industries were dominated by sailing-craft. Perishable goods needed to get to market quickly.
24 rows · The –90 Whitbread Round the World Race was run from Southampton to Southampton in – It was run with several classes (for size of boat). (LOA) of the smallest, and carried well over twice the sail area. The net result of this was that many of the smaller boats finished the longer legs more than ten days after the leg benjaminpohle.comitors: