Strategic project management

Topics: Project management, Management, Earned value management Pages: 3 (416 words) Published: April 26, 2014
Project Management C11PA
3 hours
Answer All of Section A and 2 Questions from Section B
Section A – Answer all of this section
Question 1
a) From the following logic table draw a fully analysed (AON) network diagram for the activities listed below and calculate the normal duration for this project and identify the critical path(s).
(8 marks)
Activity Dependence Normal Crash
Normal Crash
Duration Duration Cost £ Cost
in days
in days
£
A
3
3
3000 3000
B
A
7
3
3000 7000
C
B
4
4
4000 4000
D
C
29
9 10000 25000
E
C
6
3
3000 9000
F
G
20
10 10000 12000
G
A
18
8 20000 22000
H
F
2
1
5000 10000
I
D,G,H
2
1
4000 6000
J
I
5
5 15000 15000
K
J
1
1
1000 1000
b) Due to unexpected delays in some predecessors, this project should take no longer than 30 days. As a project manager you are requested to conduct a trade-off analysis in this pursuit. Data from the analysis must provide the following requirements: • The most economic sequence for crashing

• The project duration and cost after each crash
• The final critical path(s)
(16 marks)
c) Draw the crash slope (crash curve), illustrating the financial consequences of each crash. (3 marks)
(Total 27 Marks)

Question 2
a) It is important to monitor the performance of the implementation of the project once it starts. Table 2 below shows weekly performance data for engineers executing a work package to upgrade an IT system. The work has been priced on the assumption that each team will complete 25 zones per week at budgeted cost of £1000 per zone, over a 10week project period. From the data prepare an Earned Value Analysis (EVA), to 2 decimal places, comparing weekly performance of each team. Your analysis must include brief comment on the scheduled progress and cost performance of each week

(8 marks)

Table 2: Actual weekly costs and progress report at week 4

Week Team
1
1
2
2
1
2
3
1
2
4
1
2

No of
zones
completed Actual weekly costs £
20...
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