Mgt150 Assignment 1
University of Management and Technology MGT 150 Project Management Assignment 1
Bottom-up cost estimating exercise (Module 3, pp. 19-20) 1.0 Research 1.1 Birdhouse Book………………………………………………….…… $ 30.00 1.2 Jimmy’s time to read up on birdhouses…………………….……… $ 4.00 1.3 Dad’s time……………………………………………………….….… $ 80.00 2.0 Materials acquired 2.1 Lumber…………………………………………………………..……. $ 45.00 2.2 Hardware………………………………………………………..…..... $ 12.00 2.2 Post…………………………………………………………..….……. $ 9.00 2.3 Jimmy’s time to acquire materials…………………………..……... $ 3.00 2.4 Dad’s time……………………………………………………..……… $ 60.00 2.5 Rent power equipment…………………………………….….…….. $ 35.00 3.0 Bird house built 3.1 Jimmy’s time………………………………………………………….. $ 5.00 3.2 Dad’s time…………………………………………………..…..…….. $100.00 4.0 Bird house inspected 4.1 Mom’s time……………………………………………………..…….. $ 10.00 TOTAL PROJECTS COSTS….…………………………………………. $393.00
Parametric cost estimate exercise (Module 3, pp. 43-44) Labor costs 1. Designers……………………………………………………..…..……. $ 3,000.00 2. Systems Analysts…………………………………………….…..……. $ 5,000.00 3. Programmers………………………………………………….…..…… $ 22,000.00 Subtotal: Direct Wages……………………………………..….. $ 30,000.00 Fringe benefits (30% of Direct Wages): ……………..………….…..… $ 9,000.00 Total direct wages plus fringes……………………………..….. $ 39,000.00 Overhead (70% of [direct wages + fringes]): ………………….………. $ 27,300.00 Subtotal: Total wage-related costs…………………….…....... $ 66,300.00 Other 1. Work station……………………………………………………..…….. $ 3,500.00 2. Contracted test group…………………………………………..…….. $ 2,500.00 3. Printing of user manuals………………………………………..……. $ 2,500.00 TOTAL PROJECT COSTS…………………………………….. $ 74,800.00
For the table below * Create a PERT/CPM chart * Compute project duration * Compute Latest Start, Earliest Start, and Float (Slack)
Task | Predecessor | Duration(in days) | Lateststart |
Bottom-up cost estimating exercise (Module 3, pp. 19-20) 1.0 Research 1.1 Birdhouse Book………………………………………………….…… $ 30.00 1.2 Jimmy’s time to read up on birdhouses…………………….……… $ 4.00 1.3 Dad’s time……………………………………………………….….… $ 80.00 2.0 Materials acquired 2.1 Lumber…………………………………………………………..……. $ 45.00 2.2 Hardware………………………………………………………..…..... $ 12.00 2.2 Post…………………………………………………………..….……. $ 9.00 2.3 Jimmy’s time to acquire materials…………………………..……... $ 3.00 2.4 Dad’s time……………………………………………………..……… $ 60.00 2.5 Rent power equipment…………………………………….….…….. $ 35.00 3.0 Bird house built 3.1 Jimmy’s time………………………………………………………….. $ 5.00 3.2 Dad’s time…………………………………………………..…..…….. $100.00 4.0 Bird house inspected 4.1 Mom’s time……………………………………………………..…….. $ 10.00 TOTAL PROJECTS COSTS….…………………………………………. $393.00
Parametric cost estimate exercise (Module 3, pp. 43-44) Labor costs 1. Designers……………………………………………………..…..……. $ 3,000.00 2. Systems Analysts…………………………………………….…..……. $ 5,000.00 3. Programmers………………………………………………….…..…… $ 22,000.00 Subtotal: Direct Wages……………………………………..….. $ 30,000.00 Fringe benefits (30% of Direct Wages): ……………..………….…..… $ 9,000.00 Total direct wages plus fringes……………………………..….. $ 39,000.00 Overhead (70% of [direct wages + fringes]): ………………….………. $ 27,300.00 Subtotal: Total wage-related costs…………………….…....... $ 66,300.00 Other 1. Work station……………………………………………………..…….. $ 3,500.00 2. Contracted test group…………………………………………..…….. $ 2,500.00 3. Printing of user manuals………………………………………..……. $ 2,500.00 TOTAL PROJECT COSTS…………………………………….. $ 74,800.00
For the table below * Create a PERT/CPM chart * Compute project duration * Compute Latest Start, Earliest Start, and Float (Slack)
Task | Predecessor | Duration(in days) | Lateststart |