IT project management homework
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Question One |
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( Assignment 3 Deadline: Day 30 / 1 1 /2017 @ 23:59 [Total Ma rk for this Assignment is 5 ] ) ( IT Project Management IT270 )
( Instructions: This Assignment must be submitted on Blackboard via the allocated folder. Email submission will not be accepted. You are advised to make your work clear and well-presented , marks may be reduced for poor presentation . You MUST show all your work . Late submission will result in ZERO marks being awarded. Identical copy from students or other resources will result in ZERO marks for all involved students. This is an individual assignment. ) ( Student Details: Name: ### CRN : ### ID: ### )
College of Computing and Informatics
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( 1 Mark ) ( Learning Outcome(s): To be aware of the Earned Value Formulas and how to use them to calculate the cost and schedule of the project )Question One
Assume you have completed three months of the project FG. The Budget at Completion (BAC) was 200,000 for this six-month project. Also assume the following:
· Planned Value (PV) = $ 120,000
· Earned Value (EV) = $ 60,000
· Actual Cost (AC) = $ 90,000
1. Calculate the following:
Cost Variance (CV) =?
Schedule Variance (SV) =?
Cost Performance Index (CPI) =?
Schedule Performance Index (SPI) =?
Estimated time to complete =?
2. ( 1 Mark )Explain the meaning of the obtained results for all CV, SV, CPI, and SPI formulas in the above questions?
(Hint: CPI value is =1, means the cost of the project is on budget)
( 3 Mark ) ( Learning Outcome(s): To understand the main method that be used to calculate the project duration )Question Two
Consider the following Network Diagram:
Calculate the ES,EF,LS,LF and Slack time for each node:
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Activity |
Precedent |
Duration |
ES |
EF |
LS |
LF |
Slack |
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A |
- |
2 |
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B |
A |
5 |
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C |
A |
7 |
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D |
B |
3 |
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E |
C, D |
5 |
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F |
C, D |
8 |
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G |
F, E |
3 |
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