MGT 150 : Project Management : Assignment 1,2 & 3

UMT

University of Management and Technology

MGT 150. Project Management

Course Assignments Assignment 1

• Bottom-up cost estimating exercise (Module 3, pp 19-20) • Parametric cost estimate exercise (Module 3, pp. 43-44) • For the table below

o Create a PERT/CPM chart o Compute project duration o Compute Latest Start, Earliest Start, and Float (Slack)

Task Predecessor Duration (in days) Latest start

Earliest start

Float (slack)

A Start 6 B A,D 8 C B 10 D Start 7 E D 12 F Start 12 G F 12

• Exercise 3-2 (Module 3, p. 61) • Exercise 3-3 (Module 3, pp. 63-64)

UMT 2

2007-2008 University of Management and Technology MGT150

Assignment 2 Following are cost and schedule data for a project that is underway. Month 1 2 3 4 5 6 7 8 9 10 11 12 Planned 30 35 42 46 40 52 45 48 50 40 30 15 Actual 10 25 47 55 52 54 50 58

Project Cost Data

Task Planned start Planned Duration

Actual start Actual Duration

A Beginning Month 1

2 months Beginning Month 2

2.5 months

B Beginning Month 2

3 months Beginning Month 3

4 months

C Beginning Month 4

3 months Beginning Month 5

3.5 months

D Beginning Month 6

5 months Beginning Month 7

2 months so far

E Beginning Month 8

4 months Not yet begun

F Beginning Month 10

3 months Not yet begun

Project Schedule Data

1. Using the cost data in the cost table above, create a cumulative cost curve

comparing actual versus planned costs (Note: with the cumulative cost curve – also called the S-curve – you must cumulate the cost data. See More Info, Module 3, p. 53.)

2. Using the schedule data in the schedule table above, create a Gantt chart comparing actual versus planned schedule performance

3. 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? Note, by looking at the schedule and cost day simultaneously, you are engaging in integrated cost/schedule control.

UMT 3

2007-2008 University of Management and Technology MGT150

Assignment 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

Sched var

Cost var

Task A 300 Yes Yes 325 Task B 400 Yes Yes 450 Task C 250 Yes Yes 225 Task D 425 Yes No 250 Task E 350 Yes Yes 400 Task F 250 No No 0 TOTAL

Questions 1. Using the 50-50 Rule, what is earned value for this project? (Put answer into the

“Earned value” column in the table.)

2. Using the 0-100 Rule, what is earned value for this project? (Simply supply the number)

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? (Put answer into the “Sched var” column in the table.)

5. What is the schedule performance index (SPI)? (Provide the number. What does this number mean?)

6. Using the 50-50 Rule earned value computation, what is the cost variance for the project as reported? (Put answer into the “Cost var” column in the table.)

7. What is the cost performance index (CPI)? (Provide the number. What does this number mean?)

8. If the total budget for this project is 5000, 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.