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Project Management: Quantitative Methodology

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Please include a brief description explaining the quantitative methodology used (1 or 2 sentences), as well as, how this model helps solve a professional or personal problem (1 or 2 sentences)

Jack and Diane have different ideas about investing in their house. Diane wants to build a sunroom addition, but Jack is frugal and wants to switch to an accelerated mortgage payment to save on interest. They call Paulson & Sons, a contracting firm, specializing in home renovations and additions, for a consultation. After some wrangling amongst themselves, Jack and Diane agree to put the issue to Mr. Paulson--they tell the contractor that for the amount they're prepared to spend, $100,000.00, if he can build an addition which can yield at least a 125% return on their investment, they will proceed with Diane's preference, the addition.

I anticipate the following tasks will be involved:
1) Permit
2) Demolition
3) Framing
4) Electrical
5) Drywall, plastering
6) Flooring
7) Windows
8) Paint and wallpaper
9) Window covering
10) Final permit inspection.

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Solution Summary

The solution includes a brief description explaining the quantitative methodology used, and how this model helps solve a professional problem.

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