MGT 150 Project Management Three Part Assignment
PART 1
1) Following are elements of a WBS for a project to build a bunk bed. Using the information supplied here, create a WBS and carry out a bottom-up cost estimate.
Cost($)Rate ($/hr)Time (hrs)
Research: Jimmy' time12
Dad's time252
Materials: Lumber200
Hardware45
Power equipment rental65
Jimmy's time to acquire materials13
Dad's Time to acquire materials153
Construction:Jimmy's time18
Dad's time208
Inspection:Mom's time100.5
2) Following is a listing of items to be considered in costing a PC game development project. Use this data to develop a parametric estimate of the cost of the project.
Cost ($)Rates($/hr)Time (hr)
Resources: Designers 30100
Artists25200
Programmers251000
Work Station3000
Contracted Testing Group50100
Marketing Materials1500
Fringe benefits:30%of Direct Wages
Overhead:70%of (Direct Wages + fringes)
3) For the table below:
TaskPredecessor
Duration
(in days)
Latest
start
Earliest
start
Float
(slack)
AStart5
BA,D8
CB9
DStart6
ED12
FStart12
GF7
a) Create a PERT/CPM chart
b) Identify the critical path and compute project duration
c) Compute Latest Start, Earliest Start, and Float (Slack)
PART 2
1) The following table shows the allocation of work assignments and resources needed for an investment firm to make a decision on investing in company XYZ.
Task ATask BTask C
Profolio ManagersWeek 1(S)-Week3 (P)
Associates-Week 1 (P)Week2 (S)
AnalystsWeek 1 (P)Week 2 (P)Week2 (S)
(P)=Primary (S)=Secondary
Resource Speadsheet
ResourceWeek 1Week 2Week 3
Profolio Manager
11
Associate
12
Analyst
25
Note: figures in spreadsheet are person-weeks of effort
a) Create Responsibility Matrix
b) Create Resource Gantt Chart
c) Create Resources Loading Chart
2) Building a swimming pool
TaskWorker CategoryPerson
Days
# of
Workers
Elapsed
Time (days)
Materials
($)
ExcavateMachine Operator6
2
01,500.00
Frame the wallsMasons8
4
0800.00
Install Internal PlumbingPlumber4
2
0700.00
Install ElectricityElectrician2
2
0500.00
Pour concreteMasons4
2
42,000.00
Install pump and filterPlumber1
1
03,000.00
Total8,500.00
CategoryWage Rate $/Day
Electrician200.00
Mason160.00
Machine Operator120.00
Plumber200.00
a) Create a Gantt chart from the work breakdown structure.
b) Create a PERT/CPM network showing the interdependencies of the different activities. How long will the project take? (Note: Don’t forget to take “elapsed time” into account.)
c) Using the information in your Gantt chart, as well as the information on wage rates and cost of materials, put together a budget showing planned total expenditures for the project.
3) Following are cost and schedule data for a project that is underway
.
Project Cost Data
MonthPlanned Actual
13012
23523
34255
44655
54053
65260
74575
84880
950
1040
1130
1215
Project Schedule Data
Task
Planned
Starting Month
Planned
Duration
(months)
Actual
starting
month
A1223
B2335
C4363so far
D6572so far
E84Not yet begun
F103Not yet begun
Actual Duration
(mths)
a) Using the cost data in the cost table above, create a cumulative cost curve comparing actual versus planned costs
b) Using the schedule data in the schedule table above, create a Gantt chart comparing actual versus planned schedule performance
c) Summarize in words what you see project status to be at this time. What do you predict regarding the final cost and final schedule for the project?
PART 3
Following are data reporting progress on a project. Work on all tasks contained in the table is scheduled to be complete as of the day of the report.
|
|
Budget |
Begun? |
Complete? |
Actual cost |
Earned Value |
|
Task A |
3,100 |
Yes |
Yes |
3,100 |
|
|
Task B |
4,000 |
Yes |
Yes |
4,500 |
|
|
Task C |
2,500 |
Yes |
Yes |
2,250 |
|
|
Task D |
4,000 |
Yes |
No |
3,500 |
|
|
Task E |
3,500 |
Yes |
Yes |
4,000 |
|
|
Task F |
2,500 |
No |
No |
0 |
|
1) Using the 50-50 Rule, what is earned value for this project?
2) Using the 0-100 Rule, what is earned value for this project?
3) Note the discrepancy of earned value figures when using the 50-50 Rule and 0-100 Rule. Why is there a discrepancy? Which Rule should we use? Explain your rationale.
4) Using the 50-50 Rule earned value computation, what is schedule variance for the project as reported?
5) What is the schedule performance index (SPI)?
6) Using the 50-50 Rule earned value computation, what is the cost variance for the project as reported?
7) What is the cost performance index (CPI)?
8) If the total budget for this project is 50,000, use CPI to compute estimate at complete (EAC).
9) Using the earned value information garnered from the above table, provide your boss a brief status report on project progress to date. Also, provide projections for future status.