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.