Final answer:
The design and manufacture of a new video game controller is an example of a project that can be broken down into structure, tasks, subtasks, and work packages. Using CPM/PERT charts for project management is cost-effective as it helps in optimizing tasks and deadlines, thereby ensuring the project is completed on time, avoiding potential revenue loss.
Step-by-step explanation:
An example of a work-related project that can be broken down into structure, tasks, subtasks, and work packages is the design and manufacture of a new video game controller. This type of project typically involves various stages such as concept development, ergonomic design, electronic engineering, software programming, product testing, and mass production. Each of these stages can be subdivided further into specific tasks and assigned to different team members with corresponding deadlines. For instance, ergonomic design involves brainstorming controller shapes, creating prototypes, and conducting user testing. Each subtask would be a work package, like creating a specific prototype.
Applying project management techniques such as CPM (Critical Path Method) and PERT (Program Evaluation and Review Technique) charts is cost-effective because they help project managers identify the most critical tasks and optimize resource allocation. By using these charts, potential delays can be anticipated, and the critical path can be continuously monitored and adjusted to ensure the project stays on schedule. Missing a deadline might lead to significant revenue loss, particularly if the product misses a critical market window, such as the holiday season.
These project management tools allow engineers to plan and control multiple tasks within a project efficiently, making them vital for successful project execution and timely completion within the allocated budget.