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mgt150 workbook




MGT 150. Project Management;Course Assignments;Assignment 1;? Bottom-up cost estimating exercise (Module 3, pp 19-20);? Parametric cost estimate exercise (Module 3, pp. 43-44);? For the table below;o Create a PERT/CPM chart;o Compute project duration;o Compute Latest Start, Earliest Start, and Float (Slack);Task Predecessor Duration;(in days);Latest;start;Earliest;start;Float;(slack);A Start 6;B A,D 8;C B 10;D Start 7;E D 12;F Start 12;G F 12;? Exercise 3-2 (Module 3, p. 61);? Exercise 3-3 (Module 3, pp. 63-64);Assignment 2;Following are cost and schedule data for a project that is underway.;Month 1 2 3 4 5 6 7 8 9 10 11 12;Planned 30 35 42 46 40 52 45 48 50 40 30 15;Actual 10 25 47 55 52 54 50 58;Project Cost Data;Task Planned start Planned;Duration;Actual start Actual;Duration;A Beginning;Month 1;2 months Beginning;Month 2;2.5 months;B Beginning;Month 2;3 months Beginning;Month 3;4 months;C Beginning;Month 4;3 months Beginning;Month 5;3.5 months;D Beginning;Month 6;5 months Beginning;Month 7;2 months so far;E Beginning;Month 8;4 months Not yet;begun;F Beginning;Month 10;3 months Not yet;begun;Project Schedule Data;1. Using the cost data in the cost table above, create a cumulative cost curve;comparing actual versus planned costs (Note: with the cumulative cost curve;? also called the S-curve ? you must cumulate the cost data. See More Info;Module 3, p. 53.);2. Using the schedule data in the schedule table above, create a Gantt chart;comparing actual versus planned schedule performance;3. Summarize in words what you see project status to be at this time. What do;you predict regarding the final cost and final schedule for the project? Note;by looking at the schedule and cost day simultaneously, you are engaging in;integrated cost/schedule control.;Assignment 3;Following are data reporting progress on a project. Work on all tasks contained in;the table is scheduled to be complete as of the day of the report.;Budget Begun? Complete? Actual;cost;Earned;Value;Sched;var;Cost;var;Task A 300 Yes Yes 325;Task B 400 Yes Yes 450;Task C 250 Yes Yes 225;Task D 425 Yes No 250;Task E 350 Yes Yes 400;Task F 250 No No 0;TOTAL;Questions;1. Using the 50-50 Rule, what is earned value for this project? (Put answer into the;?Earned value? column in the table.);2. Using the 0-100 Rule, what is earned value for this project? (Simply supply the;number);3. Note the discrepancy of earned value figures when using the 50-50 Rule and 0-;100 Rule. Why is there a discrepancy? Which Rule should we use? Explain your;rationale.;4. Using the 50-50 Rule earned value computation, what is schedule variance for;the project as reported? (Put answer into the ?Sched var? column in the table.);5. What is the schedule performance index (SPI)? (Provide the number. What does;this number mean?);6. Using the 50-50 Rule earned value computation, what is the cost variance for;the project as reported? (Put answer into the ?Cost var? column in the table.);7. What is the cost performance index (CPI)? (Provide the number. What does this;number mean?);8. If the total budget for this project is 5000, use CPI to compute estimate at;complete (EAC).;9. Using the earned value information garnered from the above table, provide your;boss a brief status report on project progress to date. Also, provide projections;for future status.


Paper#81791 | Written in 18-Jul-2015

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