Project Management and Points

Topics: Project management, Earned value management, Earned schedule Pages: 4 (588 words) Published: March 31, 2013
In this homework assignment, you will be working through two crashing problems and four earned value problems. All the information you need is included within this Homework packet. Make sure you answer all parts of the questions in their entirety.

Once you have worked through the problems, please post your responses to the Drop Box. Please refer to the course syllabus for the due date.

PROBLEM 1
Use the network diagram below and the additional information provided to answer the corresponding questions. [15 points]

a) The crash cost per day per activity. [10 points]

Activity A = 800-300 (7-3) = 500/4 = 125
Activity B= 350-250 (3-1) = 100/2 =50
Activity C = 900-400 (6-4) = 500/2 = 250
Activity D= 500-200 (3-2) = 300/1 =300
Activity E = 550-300 (2-1) = 250/1 =250

b) Which activities should be crashed to meet a project deadline of 10 days at minimum cost? What is the cost impact of crashing these activities? [3 points]

c) Find the new budget (or cost of the project). [2 points]

PROBLEM 2
Use the network diagram below and the additional information provided to answer the corresponding questions. [13 points]
a) The crash cost per day per activity. [10 points]

Activity A = 300-800 (5-3) = 500/2 = 250
Activity B = 350-250 (3-1) = 100/2 =50
Activity C = 900-400 (6-4) =500/ 2 = 250
Activity D = 500-200 (5-2) = 300/3 =100

b) Which activities should be crashed to meet a project deadline of 13 days at minimum cost? What is the cost impact of crashing these activities? [3 points]

PROBLEM 3 [8 points]
Month| ACWP| BCWS| BCWP|
22| $540| $523| $535|

a)Calculate the CV (Cost Variance). [2 points]

Formula: BCWP –ACWP
$535 - $540 = 5

b)Is the CV over or under budget? [2 points]

The CV is under the budget

c)Calculate the...
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