Assignment
PART 1:
1) Following are elements of a WBS for a project to build a bunk bed. Using the information supplied here, create a WBS and carry out a bottom-up cost estimate.
2) Following is a listing of items to be considered in costing a PC game development project. Use this data to develop a parametric estimate of the cost of the project.
3) For the table below
- Create a PERT/CPM chart
- Identify the critical path and compute project duration
- Compute Latest Start, Earliest Start, and Float (Slack)
PART 2:
1) The following table shows the allocation of work assignments and resources needed for an investment firm to make a decision on investing in company XYZ.
- Create Responsibility Matrix
- Create Resource Gantt Chart
- Create Resources Loading Chart
2) Building a swimming pool
- Create a Gantt chart from the work breakdown structure.
- Create a PERT/CPM network showing the interdependencies of the different activities. How long will the project take? (Note: Don't forget to take "elapsed time" into account.)
- Using the information in your Gantt chart, as well as the information on wage rates and cost of materials, put together a budget showing planned total expenditures for the project.
3) Following are cost and schedule data for a project that is underway.
- Using the cost data in the cost table above, create a cumulative cost curve comparing actual versus planned costs
- Using the schedule data in the schedule table above, create a Gantt chart comparing actual versus planned schedule performance
- 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?
PART 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
|
Task A
|
3,100
|
Yes
|
Yes
|
3,100
|
|
Task B
|
4,000
|
Yes
|
Yes
|
4,500
|
|
Task C
|
2,500
|
Yes
|
Yes
|
2,250
|
|
Task D
|
4,000
|
Yes
|
No
|
3,500
|
|
Task E
|
3,500
|
Yes
|
Yes
|
4,000
|
|
Task F
|
2,500
|
No
|
No
|
0
|
|
- Using the 50-50 Rule, what is earned value for this project?
- Using the 0-100 Rule, what is earned value for this project?
- 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.
- Using the 50-50 Rule earned value computation, what is schedule variance for the project as reported?
- What is the schedule performance index (SPI)?
- Using the 50-50 Rule earned value computation, what is the cost variance for the project as reported?
- What is the cost performance index (CPI)?
- If the total budget for this project is 50,000, 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.