Project Management and Points
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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