Project Management-Project Management Lesson 4 Graded Problem Set
Question # 00291658
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Updated on: 05/21/2016 05:32 AM Due on: 06/20/2016
B ADM: Project Management
Lesson 4 Graded Problem Set
Please complete all graded problems. This assignment is open book and open notes; however, you may NOT help or
share answers with your fellow team members or classmates. You do not have a time limit.
All answers must be submitted using the “answer submission form.” You will only be allowed one-time access to the
submission form (so have your answers ready!). Once started the submission form will only be open for 1 hour.
NO offline or e-mail submissions will be accepted.
Use the project network, baseline time-phase budget and status information below to answer questions in this problem set.
Baseline (PV)
DUR
ES
SL
Budget
(PV)
A
2
0
2
0
100
B
3
2
5
0
200
50
C
1
2
6
3
200
200
D
2
2
5
1
200
150
E
1
5
6
0
100
F
2
4
7
1
600
G
3
6
10
1
600
200
100
300
H
4
6
10
0
800
200
200
200
I
3
6
10
1
600
100
400
100
J
2
10
12
0
600
Task
LF
0
1
25
2
3
4
5
6
7
8
9
10
11
75
100
50
50
100
300
300
200
300
300
Period PV Total
25
75
400
150
350
400
500
700
600
200
300
300
Cumulative PV Total
25
100
500
650
1000
1400
1900
2600
3200
3400
3700
4000
12
Section I
Based on the data provided in the Period 4 Status Report below answer the questions in this section.
Status Report Ending Period 4
Task
% Complete
EV
AC
PV
A
100%
50%
80
C
75%
100
D
50%
125
E
0%
0
F
0%
0
G
0%
0
H
0%
0
I
0%
0
J
0%
SV
150
B
CV
0
1.
2.
3.
4.
After period 4, what is the Planned Value (PV) of the worked schedule for Task A (round answer to two decimal places)? (5
pts.)
After period 4, what is the Earned Value (EV) for Task D (round answer to two decimal places)? (5 pts.)
After period 4, what is the Cost Variance (CV) for Task B (round answer to two decimal places)? (5 pts.)
After period 4, what is the Schedule Variance (SV) for Task C (round answer to two decimal places)? (5 pts.)
Section II
Based on the data provided in the Period 8 Status Report below answer the questions in this section.
Status Report Ending Period 8
Task % Complete EV
AC
PV
CV
SV
A
100%
100 150 100
-50
0
B
100%
200 140 200
60
0
C
100%
200 110 200
90
0
D
100%
200 260 200
-60
0
E
100%
100 120 100
-20
0
F
100%
600 520 600
80
0
G
100%
600 700 300 -100
300
H
45%
360 100 400
260
-40
I
15%
90 100 500
-10
-410
J
0%
0
0
0
0
0
Cumulative Totals
2450 2200 2600
250
-150
5.
6.
7.
After period 8, what is the Scheduling Performance Index (SPI) value (round answer to two decimal places)? (5 pts.)
After period 8, what is the Cost Performance Index (CPI) value (round answer to two decimal places)? (5 pts.)
After period 8, what is the Percent Complete Index based on Budget Amounts (PCI-B) (ro round answer to two decimal
places)? (5 pts.)
8. After period 8, what is the To Complete Performance Index (TCPI) (round answer to two decimal places)? (5 pts.)
9. After period 8, what is the forecasted Estimated Total Cost at Completion (EACf) (r round answer to two decimal places)?
(5 pts.) (Hint: use the forecasting method)
10. After period 8, what is the forecasted Variance at Completion (VACf) (round answer to two decimal places)? (5 pts.) (Hint:
use the forecasting method)
Section III
You have been provided with the following revised estimates for the remainder of the project:
Activity H will be completed at the end of period 12 at a total cost of 600
Activity I will be completed at the end of period 12 at a total cost of 750
Activity J will be completed at the end of period 14 at a total cost of 500
Use the above revised estimates to answer the questions in this section.
11. Base on the revised estimates, what is the Estimated Total Cost at Completion (EACre) (round answer to two decimal
places)? (5 pts.) (Hint: use the revised estimate method)
12. Base on the revised estimates, what is the Variance at Completion (VACre) (round answer to two decimal places)? (5 pts.)
(Hint: use the revised estimate method)
Section IV
Use the information provided below to compress one time unit per move using the least cost method. Reduce the schedule until you
reach the crash point of the network.
CODE
ES Early Start
EF Early Finish
LS Late Start
LF Late Finish
SL Slack
ID Activity Identifier
DUR Duration
0
EF
ID
LS
DUR
4
4
6
4
10
8
18
13
13
G
18
18
0
0
0
0
13
18
18
11
11
0
0
11
11
2
13
5
11
E
6
4
11
15
4
A
6
5
F
12
6
14
C
0
6
LF
4
4
0
Critical Path – “BCDGH”
SL
SL
0
B
0
0
ES
7
D
5
H
0
6
4
3
18
Figure 1
Activity ID
Activity
Predecessor
Table 2
Crash
Max
Cost
Crash
(Slope)
Time
Normal
Cost
Normal
Time
(days)
A
None
125
2
2000
5
B
None
225
2
4000
4
C
B
150
3
2500
7
D
A, C
50
1
1000
2
E
A, C
--
0
5000
3
F
B
300
3
3000
8
G
D
100
2
500
5
H
E, F, G
200
3
1000
24
6
13. What is the direct cost of the project after the project is crashed using the least cost method to duration of 18 days (round
answer to two decimal places)? (5 pts.)
14. Which activities do you need to crash to get to the crash point of the network? (5 pts.)
15. What is the duration (in days) of the project after the project is crashed to the crash point of the network? (10 pts.)
24
Section V
Table 3 below provides the direct and indirect costs incurred by an IT project for various project durations. Use this information to
answer the questions in this section.
Table 3
Project
Duration
(in days)
57
Direct Costs
3200
Indirect
Cost
1100
54
3400
1050
50
3550
1000
48
3850
950
16. Given the data provided in Table 3, should the project be crashed? (5 pt.)
17. If the project’s client was willing to pay $100 for each day the project was delivered early to the 48th day mark, what day
would you crash the project to? (5 pts.)
Section VI
Use the information provided below to answer the question in this section.
Assume your project team has identified two factors that significantly affect the project’s probability of failure, degree of integration
(Pi) and number of units involved (P n); where the probability of Pi and Pn are 0.30 and 0.45, respectively. They have also identified the
following five consequences: time (Ct), budget (Cb), quality (Cq), external stakeholder satisfaction (Ce), and internal stakeholder
satisfaction (Ci). They have determined the value of these consequences as follows: Ct= 0.20, Cb= 0.40, Cq= 0.30, Ce= 0.30, and Ci =
0.10.
18. Based on a calculated risk factor (RF), how would you classify the risk (Low RF < 0.30, Medium RF 0.30 to 0.70, High RF >
0.70)? (10 pts.)
Lesson 4 Graded Problem Set
Please complete all graded problems. This assignment is open book and open notes; however, you may NOT help or
share answers with your fellow team members or classmates. You do not have a time limit.
All answers must be submitted using the “answer submission form.” You will only be allowed one-time access to the
submission form (so have your answers ready!). Once started the submission form will only be open for 1 hour.
NO offline or e-mail submissions will be accepted.
Use the project network, baseline time-phase budget and status information below to answer questions in this problem set.
Baseline (PV)
DUR
ES
SL
Budget
(PV)
A
2
0
2
0
100
B
3
2
5
0
200
50
C
1
2
6
3
200
200
D
2
2
5
1
200
150
E
1
5
6
0
100
F
2
4
7
1
600
G
3
6
10
1
600
200
100
300
H
4
6
10
0
800
200
200
200
I
3
6
10
1
600
100
400
100
J
2
10
12
0
600
Task
LF
0
1
25
2
3
4
5
6
7
8
9
10
11
75
100
50
50
100
300
300
200
300
300
Period PV Total
25
75
400
150
350
400
500
700
600
200
300
300
Cumulative PV Total
25
100
500
650
1000
1400
1900
2600
3200
3400
3700
4000
12
Section I
Based on the data provided in the Period 4 Status Report below answer the questions in this section.
Status Report Ending Period 4
Task
% Complete
EV
AC
PV
A
100%
50%
80
C
75%
100
D
50%
125
E
0%
0
F
0%
0
G
0%
0
H
0%
0
I
0%
0
J
0%
SV
150
B
CV
0
1.
2.
3.
4.
After period 4, what is the Planned Value (PV) of the worked schedule for Task A (round answer to two decimal places)? (5
pts.)
After period 4, what is the Earned Value (EV) for Task D (round answer to two decimal places)? (5 pts.)
After period 4, what is the Cost Variance (CV) for Task B (round answer to two decimal places)? (5 pts.)
After period 4, what is the Schedule Variance (SV) for Task C (round answer to two decimal places)? (5 pts.)
Section II
Based on the data provided in the Period 8 Status Report below answer the questions in this section.
Status Report Ending Period 8
Task % Complete EV
AC
PV
CV
SV
A
100%
100 150 100
-50
0
B
100%
200 140 200
60
0
C
100%
200 110 200
90
0
D
100%
200 260 200
-60
0
E
100%
100 120 100
-20
0
F
100%
600 520 600
80
0
G
100%
600 700 300 -100
300
H
45%
360 100 400
260
-40
I
15%
90 100 500
-10
-410
J
0%
0
0
0
0
0
Cumulative Totals
2450 2200 2600
250
-150
5.
6.
7.
After period 8, what is the Scheduling Performance Index (SPI) value (round answer to two decimal places)? (5 pts.)
After period 8, what is the Cost Performance Index (CPI) value (round answer to two decimal places)? (5 pts.)
After period 8, what is the Percent Complete Index based on Budget Amounts (PCI-B) (ro round answer to two decimal
places)? (5 pts.)
8. After period 8, what is the To Complete Performance Index (TCPI) (round answer to two decimal places)? (5 pts.)
9. After period 8, what is the forecasted Estimated Total Cost at Completion (EACf) (r round answer to two decimal places)?
(5 pts.) (Hint: use the forecasting method)
10. After period 8, what is the forecasted Variance at Completion (VACf) (round answer to two decimal places)? (5 pts.) (Hint:
use the forecasting method)
Section III
You have been provided with the following revised estimates for the remainder of the project:
Activity H will be completed at the end of period 12 at a total cost of 600
Activity I will be completed at the end of period 12 at a total cost of 750
Activity J will be completed at the end of period 14 at a total cost of 500
Use the above revised estimates to answer the questions in this section.
11. Base on the revised estimates, what is the Estimated Total Cost at Completion (EACre) (round answer to two decimal
places)? (5 pts.) (Hint: use the revised estimate method)
12. Base on the revised estimates, what is the Variance at Completion (VACre) (round answer to two decimal places)? (5 pts.)
(Hint: use the revised estimate method)
Section IV
Use the information provided below to compress one time unit per move using the least cost method. Reduce the schedule until you
reach the crash point of the network.
CODE
ES Early Start
EF Early Finish
LS Late Start
LF Late Finish
SL Slack
ID Activity Identifier
DUR Duration
0
EF
ID
LS
DUR
4
4
6
4
10
8
18
13
13
G
18
18
0
0
0
0
13
18
18
11
11
0
0
11
11
2
13
5
11
E
6
4
11
15
4
A
6
5
F
12
6
14
C
0
6
LF
4
4
0
Critical Path – “BCDGH”
SL
SL
0
B
0
0
ES
7
D
5
H
0
6
4
3
18
Figure 1
Activity ID
Activity
Predecessor
Table 2
Crash
Max
Cost
Crash
(Slope)
Time
Normal
Cost
Normal
Time
(days)
A
None
125
2
2000
5
B
None
225
2
4000
4
C
B
150
3
2500
7
D
A, C
50
1
1000
2
E
A, C
--
0
5000
3
F
B
300
3
3000
8
G
D
100
2
500
5
H
E, F, G
200
3
1000
24
6
13. What is the direct cost of the project after the project is crashed using the least cost method to duration of 18 days (round
answer to two decimal places)? (5 pts.)
14. Which activities do you need to crash to get to the crash point of the network? (5 pts.)
15. What is the duration (in days) of the project after the project is crashed to the crash point of the network? (10 pts.)
24
Section V
Table 3 below provides the direct and indirect costs incurred by an IT project for various project durations. Use this information to
answer the questions in this section.
Table 3
Project
Duration
(in days)
57
Direct Costs
3200
Indirect
Cost
1100
54
3400
1050
50
3550
1000
48
3850
950
16. Given the data provided in Table 3, should the project be crashed? (5 pt.)
17. If the project’s client was willing to pay $100 for each day the project was delivered early to the 48th day mark, what day
would you crash the project to? (5 pts.)
Section VI
Use the information provided below to answer the question in this section.
Assume your project team has identified two factors that significantly affect the project’s probability of failure, degree of integration
(Pi) and number of units involved (P n); where the probability of Pi and Pn are 0.30 and 0.45, respectively. They have also identified the
following five consequences: time (Ct), budget (Cb), quality (Cq), external stakeholder satisfaction (Ce), and internal stakeholder
satisfaction (Ci). They have determined the value of these consequences as follows: Ct= 0.20, Cb= 0.40, Cq= 0.30, Ce= 0.30, and Ci =
0.10.
18. Based on a calculated risk factor (RF), how would you classify the risk (Low RF < 0.30, Medium RF 0.30 to 0.70, High RF >
0.70)? (10 pts.)
-
Rating:
/5
Solution: Project Management-Project Management Lesson 4 Graded Problem Set