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1. (TCO F) Earned Value
The following data were obtained from a project to design a new software package:
The following data were obtained from a project to design a new software package:
|
Activity
|
Duration
|
Predecessors
|
Budgeted Cost
|
|
A
|
3
Days
|
--
|
$8,320
|
|
B
|
6
Days
|
--
|
$11,740
|
|
C
|
4
Days
|
A
|
$11,550
|
|
D
|
2
Days
|
C,
B
|
$7,850
|
|
E
|
3
Days
|
A
|
$10,750
|
|
F
|
2
Days
|
D,
E
|
$8,600
|
At the end of day 5, the status
of the project is as follows:
|
Activity
|
% Complete
|
Actual Cost
|
|
A
|
100%
|
$7,200
|
|
B
|
80%
|
$10,370
|
|
C
|
25%
|
$8,250
|
|
D
|
0%
|
$0
|
|
E
|
80%
|
$8,560
|
|
F
|
0%
|
$0
|
(a) Calculate the Cost and
Schedule Variances and Indexes (CV, SV, CPI, SPI) for tasks A, B, C, D, and E.
(b) Write a brief analysis of the status of the project at this time, including task level, project level, and critical path.
(b) Write a brief analysis of the status of the project at this time, including task level, project level, and critical path.
(Points : 30)
2. (TCO E) Resource Allocation/Leveling
The following data were obtained from an in-house MIS project
The following data were obtained from an in-house MIS project
|
Activity
|
Duration
|
Predecessors
|
Personnel/Cost
|
|
A
|
3
days
|
--
|
One
systems analyst/$260 day
|
|
B
|
6
days
|
--
|
Three
programmers/$200 day each
|
|
C
|
4
days
|
A
|
Three
programmers/$200 day each
|
|
D
|
2
days
|
C
|
Two
hardware specialists/$230 day each
|
|
E
|
3
days
|
A
|
One
systems analyst/$260 day
|
|
F
|
2
days
|
D
and E
|
One
test engineer/$300 day
|
|
Personnel Available
|
Quantity
|
|
Systems
analysts
|
1
|
|
Programmers
|
3
|
|
Hardware
specialists
|
2
|
|
Test
engineers
|
2
|
The software manufacturer has
only the above personnel available for the project. Additional personnel can be
hired from an agency at a 90% cost premium if needed.
(a) Identify any resource conflicts in the above project. State the activities involved, the time frame of the conflict(s), the personnel in conflict and the number of people involved.
(b) Note that operations cannot be split; what is the least cost method of resolving the conflict(s), assuming the project duration must not be extended? What additional cost, if any, will be incurred?
(a) Identify any resource conflicts in the above project. State the activities involved, the time frame of the conflict(s), the personnel in conflict and the number of people involved.
(b) Note that operations cannot be split; what is the least cost method of resolving the conflict(s), assuming the project duration must not be extended? What additional cost, if any, will be incurred?
(Points : 30)
3. (TCO C) Your project manager has asked you to explain two new
terms he has recently learned of. The two new terms are life cycle
costing and opportunity costs. Please explain each of
these costs and when each is used.
4. You have been assigned as a team member for a major HR project
in your organization. Your project manager has asked you to assist her with
three new terms she learned about at a recent conference. The terms are corrective
action, preventative action, and defect repair.
Please define each and provide an example of each
5.You are the project manager for three different projects.
Project A: This project is in the
execution stage of the project. It is behind schedule by 7 weeks; it was
scheduled to be completed in 10 weeks. The sponsor is desperate to accomplish
something on this project. The budget is limited to the original amount, and
all soft predecessors have already been removed.
5.You are the project manager for three different projects.
Project A: This project is in the
execution stage of the project. It is behind schedule by 7 weeks; it was
scheduled to be completed in 10 weeks. The sponsor is desperate to accomplish
something on this project. The budget is limited to the original amount, and
all soft predecessors have already been removed.2. (TCO G) Your project is progressing well in your
estimation. Your team has collected the following data. From these data,
calculate the project’s ETC.
Activity A is 60% complete at a
cost so far of $50,000. It was estimated to cost $200,000 when finished. It is
at the end of Week 3 of 5. Activity B is 85% complete at a cost so far of
$150,000. It was estimated to cost $80,000 when finished. It is at the end of
Week 4 of 5. Activity C is complete at a cost so far of $110,000. It was
estimated to cost $100,000 when finished. Assume spending will continue at the
same rate. (Points : 25)
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