Part 2
While you have the motherboard removed it is an excellent time to "bench jig" the system. Throughout any testing process you should keep in mind the killing effects that ESD ( electorstatic dischrge ) has on electronics. Place the motherboard on a non static surface, such as the anti static bag it was shipped in, and assure that you remain well grounded, especially in low humidity environments. Check for proper mounting of the CPU/Heatsink/Fan and the ram. Double check all jumper settings and set the FSB to 100 MHz. for the initial boot. Add a video card, if not "onboard" and connect the power supply. Power on the system by momentarily shorting the power on pins. Should the system not boot, start with changing the power supply and then each other component, one at a time, until you find the failed or intermittant device.
Should the system boot, unplug the power supply and add the floppy drive and its cable. Pay close attention to the connection of the power lead on the floppy drive. One pin off, on the connection, will cause a direct short and could damage your system. Power back up and check to see if it boots. Continue adding a device, one at a time, until you find the offending device. Determine the cause for any device preventing a boot. This could be a power connector, improper expansion card seating, bad data cable, bad circuit board on the device, ect..
Once you have a successful boot, with all devices connected and the BIOS configured, you can then start to assemble the components back in the case, again, one at a time.
I hope this helps.
Note - This is a two part answer. Please accept or reject this answer based on this and not for each part of the answer. Thank you.