24 hours examination (Project Management)

C19PT

Page 1 of 4 Semester 3 – 2019/20

SCHOOL OF SOCIAL SCIENCES

Edinburgh Business School

Course Name: PROJECT MANAGEMENT Course Code: C19PT

Date – August 2020

INSTRUCTIONS

Section A: Answer ALL questions in this section (40 marks)

Section B: Answer ANY TWO questions in this section

(60 marks)

C19PT

Page 2 of 4 Semester 3 – 2019/20

SECTION A (40 MARKS) Answer ALL questions in this section. Question A1 (a) From the following logic table draw an AON network diagram to calculate the

normal project duration of the project and identify the critical path:

Activity Dependency Normal Duration (weeks)

Normal Cost (£)

Crash Duration (weeks)

Crash Cost (£)

A - 6 60 5 90 B A 7 50 4 230 C A 6 100 4 160 D A 7 30 7 30 E C, D 6 70 4 140 F B 8 40 6 70 G E, F 1 50 1 50

(10 marks)

(b) Your projects director has asked you to calculate the most economical method

to reduce the project duration by 5 weeks and report on the increased cost.

Perform a crashing exercise in the most economical order clearly stating

(i) The activity to be crashed and the crash cost (ii) The project duration after each crash (iii) The project cost after each crash (iv) The final critical path(s)

(15 marks) (c) Draw a final crash slope, illustrating the financial consequences of each crash.

(5 marks) Total - 30 marks

C19PT

Page 3 of 4 Semester 3 – 2019/20

Question A2 At week 6 of a current project scheduled to be complete by week 10, the following performance data has been determined:

• AC = £8000 • PV = £6000 • EV = £6500

(a) From the following information calculate:

(i) The schedule variance (ii) The cost variance (iii) The schedule performance index (iv) The cost performance index

(4 marks) (b) Comment on the current status of the project

(1 mark) (c) The budget cost of the complete project was £10000. Based on the performance

data provided, calculate:

(i) The estimated cost at completion (2 marks)

(ii) The variance at completion (1 mark)

(iii) The revised schedule at completion (2 marks)

Total - 10 marks

C19PT

Page 4 of 4 Semester 3 – 2019/20

SECTION B (60 MARKS)

Answer any TWO questions in this section. Credit will be given to candidates who draw on relevant practical examples to underline their answers. Question B1 Identify the typical internal and external stakeholders on a project and discuss how they may potentially have an impact on the project, either positively or negatively.

Total - 30 marks Question B2 Evaluate the difference between a “Leader” and “Manager” in relation to achieving project success.

Total - 30 marks Question B3 With reference to project resources, discuss the typical constraints a project manager needs to consider when developing the project schedule

Total - 30 marks Question B4 Discuss the five stages of group development, identifying actions the project manager should take to facilitate the team at each stage.

Total - 30 marks

- END OF EXAM PAPER -